annual_report_2019_en

94 Huawei Investment & Holding Co., Ltd.

Summary Consolidated Statement of Cash Flows

(CNY million) Note 2019 2018

Cash flows from operating activities

Cash receipts from goods and services 959,785 795,520

Cash paid to suppliers and employees (929,482) (768,796)

Other operating cash flows 61,081 47,935

Net cash generated from operating activities 91,384 74,659

Net cash used in investing activities (145,001) (93,880)

Net cash generated from financing activities 37,74 4 26,926

Cash and cash equivalents

Net (decrease)/increase (15,873) 7,70 5

At January 1 24 184,106 175,347

Effect of foreign exchange rate changes 2,837 1,054

At December 31 24 171,070 18 4,106

Note: The Group has initially applied IFRS 16 at January 1, 2019, using the modified retrospective approach under which comparative

information is not restated. See note 4.

The notes on pages 95 to 141 form part of this consolidated financial statements summary.