Consolidated Statement of Cash Flows
For the six-month period ended 30 June 2019
(Amounts in millions)
(Amounts in millions)
| Consolidated Statement of Cash Flows (Unaudited) | |||
|---|---|---|---|
| Six-month period ended 30 June |
|||
| Notes | 2018 RMB |
2019 RMB |
|
| Net cash from operating activities | (a) | 50,689 | 53,027 |
| Cash flows used in investing activities | |||
Capital expenditure |
(32,764) | (32,863) | |
Purchase of investments |
(317) | (210) | |
Payments for right-of-use assets/lease prepayments |
(6) | (89) | |
Proceeds from disposal of property, plant and equipment |
642 | 606 | |
Proceeds from disposal of right-of-use assets/lease prepayments |
14 | 24 | |
Proceeds from disposal of investments |
91 | – | |
Purchase of short-term bank deposits |
(2,839) | (1,481) | |
Maturity of short-term bank deposits |
2,954 | 4,788 | |
| Net cash used in investing activities | (32,225) | (29,225) | |
| Cash flows used in financing activities | |||
Repayments of principal of lease liabilities/finance lease obligations |
(46) | (3,862) | |
Proceeds from bank and other loans |
28,531 | 50,677 | |
Repayments of bank and other loans |
(49,792) | (69,742) | |
Payment of the acquisition price of the Eighth Acquisition |
(87) | – | |
Payment for the acquisition of non-controlling interests |
(119) | – | |
Contribution from non-controlling interests |
- | 1,590 | |
Net deposits with Finance Company |
(b) | - | 297 |
Increase in statutory reserve deposits placed by Finance Company |
(b) | - | (83) |
| Net cash used in financing activities | (21,513) | (21,123) | |
| Net increase/(decrease) in cash and cash equivalents | (3,049) | 2,679 | |
| Cash and cash equivalents at 1 January | 19,410 | 16,666 | |
| Effect of changes in foreign exchange rate | 36 | 11 | |
| Cash and cash equivalents at 30 June | 16,397 | 19,356 | |
For details of note (a) and (b), please refer to page 18 of interim report.
The notes on pages 19 to 43 form part of these interim financial statements.