CITIC Limited Half-Year Report 2020

39 CITIC Limited Half-Year Report 2020 For the six months ended 30 June 2020 Consolidated Cash Flow Statement Unaudited Six months ended 30 June 2020 2019 Note HK$ million HK$ million Cash flows from investing activities Proceeds from disposal and redemption of financial investments 1,281,949 1,176,033 Proceeds from disposal of fixed assets, intangible assets and other assets 342 1,133 Proceeds from disposal of associates and joint ventures 430 25 Net cash received from disposal of subsidiaries 32 4,694 22 Dividends received from equity investments, associates and joint ventures 2,464 1,741 Payments for purchase of financial investments (1,402,572) (1,389,100) Payments for additions of fixed assets, intangible assets and other assets (7,877) (7,003) Net cash payment for acquisition of subsidiaries (2,853) (57) Net cash payment for acquisition of associates and joint ventures (1,287) (708) Net increase in restricted cash (1,509) (628) Net cash used in investing activities (126,219) (218,542) Cash flows from financing activities Capital injection received from non-controlling interests 265 452 Transaction with non-controlling interests (3,535) – Proceeds from new bank and other loans 51,396 46,627 Repayment of bank and other loans and debt instruments issued (364,030) (304,289) Proceeds from new debt instruments issued 314,164 296,000 Principal and interest elements of lease payment (3,225) (2,927) Interest paid on bank and other loans and debt instruments issued (18,754) (18,609) Dividends paid to non-controlling interests (1,210) (1,011) Dividends paid to ordinary shareholders of the Company – (7,471) Net cash (used in)/generated from financing activities (24,929) 8,772 Net decrease in cash and cash equivalents (77,690) (198,000) Cash and cash equivalents at 1 January 463,038 522,808 Effect of exchange changes (5,290) 1,667 Cash and cash equivalents at 30 June 380,058 326,475 The notes on pages 40 to 127 form part of these condensed unaudited consolidated interim accounts.