Condensed consolidated statement of cash flows
for the six months ended 31 December 2019
| Download (EXCEL) |
| Rm | Six months ended December 2019 |
Restated six months ended December 2018* |
Restated financial year ended June 2019* |
|||
| Cash flows from operating activities | ||||||
| Cash generated by operations before movements in net working capital | 2 682 | 4 617 | 6 870 | |||
| Movements in net working capital | (1 094) | (2 037) | (1 538) | |||
| Cash generated by operations before interest and taxes paid | 1 588 | 2 580 | 5 332 | |||
| Net interest paid | (422) | (686) | (1 137) | |||
| Tax paid | (261) | (405) | (622) | |||
| Cash generated by operations before capital expenditure on rental assets | 905 | 1 489 | 3 573 | |||
| Net capital expenditure rental assets (Motus) | (1 172) | (1 172) | ||||
| 905 | 317 | 2 401 | ||||
| Cash flows from investing activities | ||||||
| Net acquisition of subsidiaries and businesses | (75) | (92) | ||||
| Expansion capital expenditure | (483) | (195) | (471) | |||
| Net replacement capital expenditure | (332) | (505) | (623) | |||
| Net capital expenditure (Motus) | (179) | (179) | ||||
| Net movement in associates and joint ventures | 39 | 252 | 279 | |||
| Net movement in investments, loans and non-current financial instruments | 14 | (93) | (147) | |||
| (837) | (720) | (1 233) | ||||
| Cash flows from financing activities | ||||||
| Hedge cost premium paid | (62) | (161) | ||||
| Settlement of cross-currency swap instruments | (10) | (13) | ||||
| Repurchase of ordinary shares | (225) | (91) | (262) | |||
| Dividends paid | (282) | (911) | (1 227) | |||
| Cash resources distributed as part of the dividend in specie | (1 058) | (1 058) | ||||
| Cash paid on change in non-controlling interests | (80) | (80) | (142) | |||
| Capital raised from non-controlling interests | 200 | 200 | ||||
| Settlement of non-redeemable, non-participating preference shares | (378) | (378) | ||||
| Net increase in interest-bearing borrowings | 1 178 | 1 202 | 828 | |||
| Payments of lease obligations | (1 138) | (843) | (1 684) | |||
| (557) | (2 021) | (3 897) | ||||
| Net decrease in cash resources | (489) | (2 424) | (2 729) | |||
| Effects of exchange rate changes on cash resources in a foreign currency | 10 | 35 | 74 | |||
| Cash resources at beginning of period | 1 646 | 4 301 | 4 301 | |||
| Cash resources at end of period | 1 167 | 1 912 | 1 646 |
| * | Restated for the adoption of IFRS 16 – Leases. Refer to note 3. June 2019 was audited pre-restatement, however, the impact of the restatements are unaudited. |