2012 Annual Report - ZTE

ANNUAL REPORT 2012Consolidated Statement of Cash Flows (continued)(Prepared under Hong Kong Financial Reporting Standards)Year ended 31 December 20122012 2011Notes RMB’000 RMB’000Net cash flows used in investing activities (4,376,769) (3,610,056)CASH FLOWS FROM FINANCING ACTIVITIESIssuance of corporate bonds 5,965,213 —Capital contribution by non-controlling shareholders 8,100 7,137Acquisition of non-controlling interests (90,682) —New bank loans 39,261,619 34,945,347Repayment of bank loans (40,920,499) (21,517,594)Increase/(decrease) in bank advances on factored tradereceivables 312,812 —Net cash flows from financing activities 4,536,563 13,434,890NET INCREASE IN CASH AND CASH EQUIVALENTS 2,032,856 6,169,487Cash and cash equivalents at beginning of year 20,662,089 14,905,099Effect of foreign exchange rate changes, net (35,310) (412,497)CASH AND CASH EQUIVALENTS AT END OF YEAR 31 22,659,635 20,662,089ANALYSIS OF BALANCES OF CASH AND CASHEQUIVALENTSUnrestricted bank balances and cash 31 22,438,153 18,646,944Time deposits with original maturity of less than three months 31 221,482 2,015,145Cash and cash equivalents as stated in the statement offinancial position and the statement of cash flows 22,659,635 20,662,089321