Summarised consolidated statement of cash flows
FOR THE YEAR ENDED 30 JUNE 2015
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Notes | % change |
2015 Rm |
2014* Rm |
|||||
Cash flows from operating activities | ||||||||
Cash generated by operations before movements in net working capital | 9 049 | 8 674 | ||||||
Movements in net working capital | (50) | (2 701) | ||||||
Cash generated by operations before capital expenditure on rental assets | 51 | 8 999 | 5 973 | |||||
Expansion capital expenditure – rental assets | (772) | (331) | ||||||
Net replacement capital expenditure – rental assets | (759) | (480) | ||||||
– Expenditure | (2 496) | (2 543) | ||||||
– Proceeds | 1 737 | 2 063 | ||||||
Cash generated by operations | 45 | 7 468 | 5 162 | |||||
Net finance cost paid | (1 180) | (926) | ||||||
Tax paid | (1 301) | (1 267) | ||||||
68 | 4 987 | 2 969 | ||||||
Cash flows from investing activities | ||||||||
Net acquisitions of subsidiaries and businesses | (938) | (297) | ||||||
Expansion capital expenditure – excluding rental assets | (1 743) | (1 626) | ||||||
Net replacement capital expenditure – excluding rental assets | (1 245) | (1 162) | ||||||
Net movement in associates and joint ventures | 178 | (144) | ||||||
Net movement in investments, loans and other financial instruments | (1 203) | 1 113 | ||||||
(4 951) | (2 116) | |||||||
Cash flows from financing activities | ||||||||
Hedge cost premium paid | (128) | (108) | ||||||
Ordinary shares repurchased (2014 repurchased and cancelled) | (56) | (502) | ||||||
Dividends paid | (1 724) | (1 940) | ||||||
Change in non-controlling interests | (90) | (364) | ||||||
Capital raised from non-controlling interests | 1 | 89 | ||||||
Repayment of corporate bond | (1 500) | |||||||
Proceeds on the issue of corporate bonds | 3 000 | |||||||
Net increase in other interest-bearing borrowings | 487 | 1 805 | ||||||
(1 510) | 480 | |||||||
Net (decrease) increase in cash and cash equivalents | (1 474) | 1 333 | ||||||
Effects of exchange rate changes on cash resources in foreign currencies | 7 | 45 | ||||||
Cash and cash equivalents at beginning of year | 898 | (480) | ||||||
Cash and cash equivalents at end of year | 9 | (163) | (569) | 898 |
* | Restated for change in accounting policy as described in note 2.1. |