Consolidated Statement of Cash Flows
For the year ended 31 December 2020
(Amounts in millions)
(Amounts in millions)
| Consolidated Statement of Cash Flows | |||
|---|---|---|---|
| Notes | 2019 RMB |
2020 RMB |
|
| Net cash from operating activities | (a) | 112,600 | 132,260 |
| Cash flows used in investing activities | |||
Capital expenditure |
(82,853) | (88,748) | |
Purchase of investments |
(478) | (74) | |
Payments for right-of-use assets |
(310) | (220) | |
Proceeds from disposal of property, plant and equipment |
2,514 | 863 | |
Proceeds from disposal of right-of-use assets |
115 | 24 | |
Proceeds from disposal of investments |
296 | 47 | |
Purchase of short-term bank deposits |
(5,119) | (4,664) | |
Maturity of short-term bank deposits |
8,621 | 5,695 | |
| Net cash used in investing activities | (77,214) | (87,077) | |
| Cash flows used in financing activities | |||
Repayments of principal of lease liabilities |
(10,699) | (12,738) | |
Proceeds from bank and other loans |
103,315 | 81,049 | |
Repayments of bank and other loans |
(120,107) | (106,982) | |
Payment of dividends |
(8,891) | (9,262) | |
Distribution to non-controlling interests |
(181) | (42) | |
Payment for the acquisition of non-controlling interests |
(8) | (1) | |
Contribution from non-controlling interests |
1,590 | — | |
Advanced payment received in respect of contribution from non-controlling interest |
— | 978 | |
Net deposits with Finance Company |
(b) | 4,098 | 5,728 |
Increase in statutory reserve deposits placed by Finance Company |
(b) | (405) | (837) |
| Net cash used in financing activities | (31,288) | (42,107) | |
| Net increase in cash and cash equivalents | 4,098 | 3,076 | |
| Cash and cash equivalents at 1 January | 16,666 | 20,791 | |
| Effect of changes in foreign exchange rate | 27 | (183) | |
| Cash and cash equivalents at 31 December | 20,791 | 23,684 | |
For details of note (a) and (b), please refer to page 170 of annual report.
The notes on pages 171 to 244 form part of these consolidated financial statements.