Financial information

celebrating 20 years Summarised Group statement of cash flows

for the year ended 30 June 2018

Notes Change
%
2018
R'million
2017
R'million
Cash flows from operating activities        
Cash operating profit     11 907 10 817
Changes in working capital     (1 579) (915)
Cash generated from operations     10 328 9 902
Net financing costs paid     (1 816) (1 913)
Tax paid     (1 495) (1 502)
Cash generated from operating activities   8 7 017 6 487
Cash flows from investing activities        
Capital expenditure – property, plant and equipment A#   (2 145) (1 484)
Proceeds on the sale of property, plant and equipment     17 9
Capital expenditure – intangible assets     (881) (1 147)
Acquisition of residual rights – AZ Anaesthetics J#   (5 202)
Proceeds received on the sale of intangible assets     62 832
Acquisition of subsidiaries and businesses G#   (152) (9 428)
Disposal of subsidiary     45
Investment in joint venture     (52)
Proceeds received from/(investment in) other non-current assets     50 (291)
Payment of deferred fixed and contingent consideration relating to prior year business acquisitions     (4 599) (192)
Proceeds on the sale of assets classified as held-for-sale     37 91
Cash used in/from investing activities     (12 813) (11 617)
Cash flows from financing activities        
Net proceeds from borrowings     7 690 6 219
Dividends paid     (1 313) (1 230)
Treasury shares purchased     (44) (33)
Cash generated from financing activities     6 333 4 956
Movement in cash and cash equivalents before currency translation movements     537 (174)
Currency translation movements     389 (526)
Movement in cash and cash equivalents     926 (700)
Cash and cash equivalents at the beginning of the year     7 188 7 888
Cash and cash equivalents at the end of the year     8 114 7 188
         
Operating cash flow per share (cents)   8 1 537,3 1 421,4
         
Reconciliation of cash and cash equivalents        
Cash and cash equivalents per the statement of financial position     11 170 10 707
Less: bank overdrafts     (3 056) (3 519)
      8 114 7 188

For the purposes of the statement of cash flows, cash and cash equivalents comprise cash-on-hand plus deposits held on call with banks less bank overdrafts.

# See notes on Supplementary Information.