Summarised consolidated statement of cash flows
Download (EXCEL) |
Note | 2019 Rm |
2018 Rm |
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Cash flows from operating activities | |||||||
Cash generated by operations before movements in net working capital | 4 871 | 8 721 | |||||
Movements in net working capital | (1 534) | 811 | |||||
Cash generated by operations before interest and taxes paid | 3 337 | 9 532 | |||||
Net interest paid | (821) | (1 386) | |||||
Tax paid | (622) | (1 336) | |||||
Cash generated by operations before capital expenditure on rental assets | 1 894 | 6 810 | |||||
Capital expenditure – rental assets | (1 172) | (1 079) | |||||
722 | 5 731 | ||||||
Cash flows from investing activities | |||||||
Acquisition of subsidiaries and businesses | (104) | (1 211) | |||||
Disposal of subsidiaries and businesses | 12 | 2 070 | |||||
Expansion capital expenditure – excluding rental assets | (536) | 1 248 | |||||
Net replacement capital expenditure – excluding rental assets | (737) | (1 008) | |||||
Net movement in associates and joint ventures | 279 | ||||||
Net movement in investments, loans and non-current financial instruments | (152) | (209) | |||||
(1 238) | 890 | ||||||
Cash flows from financing activities | |||||||
Hedge cost premium paid | (161) | (362) | |||||
Settlement of cross-currency swap instruments | (13) | (152) | |||||
Repurchase of ordinary shares | (262) | (113) | |||||
Dividends paid | (1 227) | (1 478) | |||||
Cash resources distributed as part of the Motus unbundling dividend in specie | (1 058) | ||||||
Cash paid on change in non-controlling interests | (142) | (684) | |||||
Capital raised from non-controlling interests | 200 | 223 | |||||
Settlement of non-redeemable, non-participating preference shares | (378) | ||||||
Net increase (decrease) in other interest-bearing borrowings | 828 | (4 382) | |||||
(2 213) | (6 948) | ||||||
Net decrease in cash resources | (2 729) | (327) | |||||
Effects of exchange rate changes on cash resources in a foreign currency | 74 | 129 | |||||
Cash resources at beginning of year | 4 301 | 4 499 | |||||
Cash resources at end of year | 10 | 1 646 | 4 301 |