Financial Highlights

Consolidated Statement of Cash Flows (Extracted from 2016 Annual Report dated 15 March 2017)

(All amounts in RMB millions)

Download
  Year ended 31 December
  Note 2015 2016
Cash flows from operating activities
Cash generated from operations (a) 91,169 81,168
Interest received   319 335
Interest paid   (4,943) (4,938)
Income tax paid   (2,244) (1,972)
Net cash inflow from operating activities   84,301 74,593
Cash flows from investing activities
Purchase of property, plant and equipment (88,465) (98,293)
Proceeds from disposal of property, plant and equipment and other assets 2,336 6,390
Dividends received from financial assets at fair value through other comprehensive income 365 357
Proceeds from disposal of financial assets at fair value through profit and loss 19 68
Dividends received from associates 10
Decrease/(Increase) in short-term bank deposits and restricted deposits (3) 2
Purchase of other assets (4,542) (4,092)
Acquisition of financial assets at fair value through profit and loss (66) (51)
Acquisition of financial asset at fair value through other comprehensive income (18)
Acquisition of interest in associates (8) (48)
Acquisition of interest in joint ventures (1,000) (64)
Net cash outflow from investing activities   (91,354) (95,749)
Cash flows from financing activities
Proceeds from exercise of share options 1
Capital contributions from non-controlling interests 270
Proceeds from commercial papers 30,000 59,880
Proceeds from short-term bank loans 139,663 142,567
Proceeds from long-term bank loans 1,920 3,307
Proceeds from ultimate holding company loan 1,344
Proceeds from promissory notes 17,957
Proceeds from corporate bonds 17,965
Repayment of commercial papers (20,000) (44,000)
Repayment of short-term bank loans (149,072) (149,425)
Repayment of long-term bank loans (45) (84)
Repayment of related party loan (473)
Repayment of ultimate holding company loan (1,344) (1,344)
Repayment of convertible bond (11,664)
Repayment of finance lease (217) (406)
Repayment of promissory notes (2,500)
Payment of issuing expense for promissory notes (102)
Dividend paid to equity shareholder of the Company 29 (4,643) (4,071)
Net deposits received by Finance Company 2,397
Statutory reserve deposits placed by Finance Company 25(i) (1,577)
Net cash inflow from financing activities   3,427 22,877
Net increase/(decrease) in cash and cash equivalents (3,626) 1,721
Cash and cash equivalents, beginning of year 25,308 21,755
Effect of changes in foreign exchange rate 73 157
Cash and cash equivalents, end of year 26 21,755 23,633
Analysis of the balances of cash and cash equivalents:
Cash balances 1 1
Bank balances 21,754 23,632
    21,755 23,633

The notes on pages 93 to 161 are an integral part of these consolidated financial statements.