Summary consolidated statement of cash flows

for the year ended June 30

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R000 2020 
Audited 		     2019 
Audited 		  
Cash flows from operating activities  3 928 340        2 332 967    
    Operating profit  3 136 109        6 568 380    
    Dividends received from jointly controlled entity  20 000        –    
    Acquisition costs  1 968        27 686    
    Depreciation and amortisation  1 534 354        1 330 200    
    Depreciation on right-of-use lease assets  771 412        –    
    Nowaco share incentive scheme  (299 496)       –    
    Non-cash items  2 025 355        94 436    
    Cash generated by operations before changes in working capital  7 189 702        8 020 702    
    Changes in working capital  1 184 435        (1 439 767)   
    Cash generated by operations  8 374 137        6 580 935    
    Finance income received  80 683        103 797    
    Finance charges paid  (677 897)       (366 610)   
    Taxation paid  (1 354 174)       (1 423 951)   
    Dividends paid  (2 213 668)       (1 978 885)   
    Net operating cash flows from discontinued operations  (280 741)       (582 319)   
Cash effects from investment activities  (3 153 212)       (3 739 498)   
    Additions to property, plant and equipment  (2 724 587)       (2 957 607)   
    Additions to intangible assets  (191 576)       (156 023)   
    Proceeds on disposal of property, plant and equipment  370 328        271 349    
    Proceeds on disposal of intangible assets  9 148        3    
    Acquisition of subsidiaries  (171 604)       (448 640)   
    Proceeds on disposal of interests in subsidiary  34 659        –    
    Investment in jointly controlled entity  –        (51 017)   
    (Payments to) receipts from associates  (8 048)       70 409    
    Proceeds on disposal of investments  72 167        33 202    
    Investments acquired  (42 832)       (79 166)   
    Payments made to puttable non-controlling interests  (12 828)       (74 428)   
    Payments made to vendors for acquisition  (58 553)       (297 443)   
    Net investing activities from discontinued operations  (429 486)       (50 137)   
Cash effects from financing activities  (912 235)       856 149    
    Borrowings raised  6 476 215        5 135 168    
    Borrowings repaid  (6 408 623)       (4 232 742)   
    Right-of-use lease liability payments from continuing operations  (720 512)       –    
    Right-of-use lease liability payments from discontinued operations  (230 994)       –    
    Payments to non-controlling interests  (28 321)       (39 971)   
    Treasury shares purchased during the year  –        (6 306)   
Net decrease in cash and cash equivalents  (137 107)       (550 382)   
Net cash and cash equivalents at the beginning of the year  6 058 269        6 643 149    
Exchange rate adjustment  1 103 264        (34 498)   
Net cash and cash equivalents at end of the year  7 024 426        6 058 269    
Net cash and cash equivalents comprise:                
    Cash and cash equivalents of continuing operations  7 024 426        5 775 863    
    Cash and cash equivalents of discontinued operations  –        282 406    
   7 024 426        6 058 269