Summarised consolidated statement of cash flows
for the year ended 30 June 2018
| Download (EXCEL) |
| R million | Notes | 2018 | 2017* | |||
|---|---|---|---|---|---|---|
| Cash flows from operating activities | ||||||
| Cash generated by operations before movements in net working capital | 8 721 | 8 388 | ||||
| Movements in net working capital | 811 | 688 | ||||
| Cash generated by operations before interest and taxes paid | 9 532 | 9 076 | ||||
| Net finance cost | (1 386) | (1 670) | ||||
| Tax paid | (1 336) | (1 520) | ||||
| Cash generated by operations before capital expenditure on rental assets | 6 810 | 5 886 | ||||
| Expansion capital expenditure – rental assets | (293) | (1 118) | ||||
| Net replacement capital expenditure – rental assets | (786) | (591) | ||||
| – Expenditure | (4 052) | (3 422) | ||||
| – Proceeds | 3 266 | 2 831 | ||||
| 5 731 | 4 177 | |||||
| Cash flows from investing activities | ||||||
| Acquisition of subsidiaries and businesses | (1 211) | (1 706) | ||||
| Disposal of subsidiaries and businesses | 2 070 | 19 | ||||
| Net proceeds from sale of fixed assets – excluding rental assets | 1 248 | 45 | ||||
| Net replacement capital expenditure – excluding rental assets | (1 008) | (999) | ||||
| Net movement in other associates and joint ventures | 514 | |||||
| Net movement in investments, loans and other financial instruments | (209) | 188 | ||||
| 890 | (1 939) | |||||
| Cash flows from financing activities | ||||||
| Hedge cost premium paid | (362) | (10) | ||||
| Settlement of cross-currency swap instruments | (152) | |||||
| Repurchase of ordinary shares | (113) | |||||
| Dividends paid | (1 478) | (1 688) | ||||
| Purchase of non-controlling interests | (684) | (252) | ||||
| Capital raised from non-controlling interests | 223 | 149 | ||||
| Net (decrease) increase in interest-bearing borrowings | (4 382) | 613 | ||||
| (6 948) | (1 188) | |||||
| Net (decrease) increase in cash resources | (327) | 1 050 | ||||
| Effects of exchange rate changes on cash resources in a foreign currency | 129 | (224) | ||||
| Cash resources at beginning of year | 4 499 | 3 673 | ||||
| Cash resources at end of year | 11 | 4 301 | 4 499 |
*Restated, refer to note 3.2.