Summary consolidated statement of cash flows

for the year ended June 30

 

Download (EXCEL)

 

R000s  2017 
Audited 		       2016 
Audited 
(Note 1)		   
Cash flows from operating activities  2 254 867        4 740 623    
   Operating profit  5 476 953        4 626 518    
   Dividends from associates  14 854        23 467    
   Acquisition costs  46 084        8 947    
   Depreciation and amortisation  1 191 135        1 237 482    
   Movement in post-retirement obligations  1 429        (224 391)   
   Other non-cash items  (530 675)       207 872    
   Cash generated by operations before changes in working capital  6 199 780        5 879 895    
   Changes in working capital  (753 669)       762 572    
   Cash generated by operations  5 446 111        6 642 467    
   Net finance charges paid  (201 058)       (200 533)   
   Taxation paid  (1 343 351)       (1 150 888)   
   Dividends paid  (1 646 835)       (550 423)   
Cash effects of investment activities  (2 230 046)       (2 349 552)   
   Amounts (advanced to) repaid by associates  (80 575)       29 075    
   Proceeds on disposal of investments  680 235        344 319    
   Investments acquired  (9 858)       (105 222)   
   Additions to property, plant and equipment  (2 158 660)       (1 988 422)   
   Additions to intangible assets  (117 679)       (123 906)   
   Proceeds on disposal of property, plant and equipment  323 111        87 180    
   Proceeds on disposal of intangible assets  18 730        –    
   Acquisition of businesses, subsidiaries and associate  (1 315 161)       (720 637)   
   Proceeds on disposal of interests in subsidiaries and associate  429 811        128 061    
Cash effects of financing activities  1 471 746        (808 142)   
   Disposal of treasury shares  154 544        12 420    
   Borrowings raised  5 499 736        4 363 215    
   Borrowings repaid  (4 126 025)       (5 183 777)   
   Payments to non-controlling interests  (56 509)       –    
Net increase in cash and cash equivalents  1 496 567        1 582 929    
Cash and cash equivalents at the beginning of the year  5 505 509        3 632 604    
Exchange rate adjustment  (654 027)       289 976    
Cash and cash equivalents at the end of the year  6 348 049        5 505 509    
Note 1: Actual financial results of Bidcorp for the year ended June 30 2016 do not include assets transferred to Bidcorp from Bidvest as part of the restructuring of Bidcorp for the full financial year, as this transfer was effective from April 1 2016.