CITIC Limited Half-Year Report 2019

37 CITIC Limited Half-Year Report 2019 For the six months ended 30 June 2019 Unaudited Six months ended 30 June 2019 2018 Note HK$ million HK$ million Cash flows from operating activities (Continued) Changes in working capital (Continued) Increase/(decrease) in deposits from banks and non-bank financial institutions 73,703 (139,112) Decrease in placements from banks and non-bank financial institutions (61,124) (8,924) (Decrease)/increase in financial liabilities at fair value through profit or loss (1,109) 2,348 (Decrease)/increase in trade and other payables (4,099) 16,006 Increase in contract liabilities 6,029 451 Decrease in financial assets sold under repurchase agreements (90,259) (78,852) Increase in deposits from customers 436,997 209,451 (Decrease)/increase in borrowing from central banks (54,453) 34,415 Decrease in other liabilities (6,883) (11,152) Decrease in employee benefits payables (3,159) (2,678) (Decrease)/increase in provisions (589) 911 Cash generated from operating activities 26,759 26,048 Income tax paid (14,989) (14,621) Net cash generated from operating activities 11,770 11,427 Cash flows from investing activities Proceeds from disposal and redemption of financial investments 1,176,033 437,580 Proceeds from disposal of fixed assets, intangible assets and other assets 1,133 1,008 Proceeds from disposal of associates and joint ventures 25 1,667 Net cash received from disposal of subsidiaries 32 22 1,809 Dividends received from equity investments, associates and joint ventures 1,741 2,327 Payments for purchase of financial investments (1,389,728) (608,204) Payments for additions of fixed assets, intangible assets and other assets (7,003) (7,466) Net cash payment for acquisition of subsidiaries (57) (4,870) Net cash payment for acquisition of associates and joint ventures (708) (2,322) Net cash used in investing activities (218,542) (178,471) Consolidated Cash Flow Statement