Consolidated Statement of Cash Flows
For the six-month period ended 30 June 2019
(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.