CONSOLIDATED CASH FLOW STATEMENT
for the year ended 31 March 2020
| Notes | 2020 Rm |
2019 Rm |
||
|---|---|---|---|---|
| Cash flows from operating activities | ||||
| Cash generated from operations | 41 | 1 321 | 1 311 | |
| Finance income | 40 | 37 | ||
| Finance costs | (394) | (459) | ||
| Income tax paid | 42 | (121) | (79) | |
| Dividends paid to shareholders | 15 | – | (5) | |
| Dividends paid to non-controlling interests | (245) | (291) | ||
| Dividends received | 22 | 11 | ||
| Net cash generated from operating activities | 623 | 525 | ||
| Cash flows from investment activities | ||||
| Purchase of property, plant and equipment | (329) | (304) | ||
| Proceeds from disposals of property, plant and equipment | – | 36 | ||
| Additions to investment properties | 18 | (160) | (160) | |
| Proceeds from disposal of investment property | 3 | – | ||
| Purchase of intangible assets | 20 | (6) | (16) | |
| Acquisition of business – intellectual property | 44 | (8) | – | |
| Additions to investment in associates | 21 | (8) | – | |
| Other loans granted | (29) | – | ||
| Net cash utilised for investment activities | (537) | (444) | ||
| Cash flows from financing activities | ||||
| Borrowings raised | 43.1 | 2 179 | 174 | |
| Borrowings repaid | 43.1 | (1 651) | (145) | |
| Principal elements of lease payments | 43.2 | (128) | – | |
| Cash proceeds from issue of shares | – | 2 225 | ||
| Other current liabilities repaid | (7) | (2 366) | ||
| Net cash generated from/(utilised for) financing activities | 393 | (112) | ||
| Net increase/(decrease) in cash and cash equivalents | 479 | (31) | ||
| Cash and cash equivalents at beginning of the year, net of bank overdrafts | 212 | 225 | ||
| Foreign currency translation | 31 | 18 | ||
| Cash and cash equivalents at end of the year, net of bank overdrafts | 28 | 722 | 212 |
The accounting policies and notes form an integral part of these consolidated financial statements.
