Annual Financial Statements

celebrating 20 years Company statement of cash flows

for the year ended 30 June 2018

  Notes 2018
R’million
2017
R’million
Cash flows from operating activities      
Cash generated from operations A 1 887 1 946
Financing costs paid B 31 (73)
Interest received C 38 25
Tax paid D (68) (67)
Cash generated from operating activities   1 888 1 831
Cash flows from investing activities      
Capital expenditure – property, plant and equipment   (13) (5)
Capital expenditure – intangible assets   (66) (216)
Acquisition of available-for-sale financial assets   (27) (24)
Net cash inflows/(outflows) – amounts due by Group companies   53 (48)
Acquisition of subsidiaries E (154) (2)
Capital reduction in subsidiary   157
Proceeds on sale of intangible assets   1
Cash used in investing activities   (49) (295)
Cash flows from financing activities      
Repayment of borrowings   (275) (15)
Proceeds from issue of ordinary share capital   19
Dividends paid   (1 311) (1 132)
Net cash (outflows)/inflows – amounts due from Group companies   (59) 58
Cash used in financing activities   (1 645) (1 070)
Cash and cash equivalents      
Movement in cash and cash equivalents   194 466
Cash and cash equivalents at the beginning of the year   (220) (686)
Cash and cash equivalents at the end of the year F (26) (220)

For the purposes of the statement of cash flows, cash and cash equivalents comprise bank balances less bank overdrafts.