Summary consolidated statement of cash flows

for the year ended June 30

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R000s  2019 
Audited
 
    2018 
Audited 
Re-presented 
 
Cash flows from operating activities  2 332 967      2 620 857   
    Operating profit  6 568 380      5 772 175   
    Dividends received from jointly controlled entity  –      25 000   
    Acquisition costs  27 686      35 541   
    Depreciation and amortisation  1 330 200      1 156 326   
    Non-cash items#  94 436      (39 242)  
    Cash generated by operations before changes in working capital  8 020 702      6 949 800   
    Changes in working capital  (1 439 767)     (965 419)  
    Cash generated by operations  6 580 935      5 984 381   
    Finance income received  103 797      80 785   
    Finance charges paid  (366 610)     (294 228)  
    Taxation paid  (1 423 951)     (1 423 711)  
    Dividends paid  (1 978 885)     (1 777 643)  
    Net operating cash flows from discontinued operations  (582 319)     51 273   
Cash effects from investment activities  (3 739 498)     (3 296 945)  
    Additions to property, plant and equipment  (2 957 607)     (2 315 516)  
    Acquisition of businesses, subsidiaries and associates  (448 640)     (965 611)  
    Additions to intangible assets  (156 023)     (123 872)  
    Investment in jointly controlled entity  (51 017)     –   
    Proceeds on disposal of property, plant and equipment  271 349      292 005   
    Proceeds on disposal of investments  33 202      26 902   
    Proceeds on disposal of intangible assets      5 775   
    Proceeds on disposal of interests in subsidiaries  –      16 946   
    Receipts from (payments to) associates  70 409      (11 643)  
    Investments acquired  (79 166)     (45 575)  
    Payments made to puttable non-controlling interests#  (74 428)     (74 782)  
    Payments made to vendors for acquisition#  (297 443)     (85 255)  
    Net investing cash flows from discontinued operations  (50 137)     (16 319)  
Cash effects from financing activities  856 149      675 599   
    Borrowings raised  5 135 168      5 381 256   
    Borrowings repaid  (4 232 742)     (4 711 152)  
    (Payments to) receipts from non-controlling interests  (39 971)     5 495   
    Treasury shares purchased during the year#  (6 306)     –   
Net decrease in cash and cash equivalents  (550 382)     (489)  
Net cash and cash equivalents at the beginning of the year  6 643 149      6 348 049   
Exchange rate adjustment  (34 498)     295 589   
Net cash and cash equivalents at the end of the year  6 058 269      6 643 149   
Net cash and cash equivalents comprise:           
    Cash and cash equivalents of continuing operations  5 775 863      5 927 352   
    Cash and cash equivalents of discontinued operations  282 406      715 797   
  6 058 269      6 643 149   
# Refer to statement of cash flow re-presentation note