INTEGRATED ANNUAL
REPORT 2020

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Notes to the consolidated financial statements

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41.

CASH GENERATED FROM OPERATIONS

2020
Rm
2019
Rm
Loss before tax from operations (1 129) (10)
Adjusted for finance income and costs, share of profit of equity-accounted entities, dividends received and non-cash movements:
Finance income (40) (38)
Finance costs 400 455
Share of profit of associates and joint ventures 3 (15)
Amortisation and depreciation 348 306
Impairment charge for bad and doubtful debts, net of reversals 20 3
Operating equipment usage 21 21
Straight-lining of operating leases (11) 27
Movement in provisions 94 83
Long-term incentive expense 17 4
Loss on disposal of property, plant and equipment 2 3
Impairment of property, plant and equipment 716 94
Fair value adjustment on investment properties 888 445
Impairment in associate 17
Fair value adjustment on interest rate swaps (2)
Inventory write-off 2
Translation impact on the income statement 2 3
Other non-cash movements and adjustments 5 (7)
Cash generated from operations before working capital movements 1 355 1 372
Working capital movements
Increase in inventories (13)
Increase in trade and other receivables 6 23
Decrease in payables and provisions (27) (84)
Cash generated from operations 1 321 1 311

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