INTEGRATED REPORT 2019
Consolidated statement of cash flows
FOR THE YEAR ENDED 30 SEPTEMBER 2019
| Notes | 2019 R'm |
2018 R'm |
||
| Cash flows from operating activities | ||||
| Cash generated from operations | 25 | 5 927 | 5 503 | |
| Transaction costs paid relating to acquisitions and disposals | (147) | (38) | ||
| Interest received | 60 | 40 | ||
| Tax paid | (1 185) | (1 065) | ||
| Net cash from operating activities | 4 655 | 4 440 | ||
| Cash flows from investing activities | ||||
| Purchase of property, plant and equipment | (1 898) | (2 123) | ||
| Purchase of intangible assets | (162) | (121) | ||
| Proceeds from disposal of property, plant and equipment | 23 | 61 | ||
| Business combinations, net of cash acquired | 26 | (190) | (458) | |
| Proceeds from disposal of subsidiary | 26 | 48 | – | |
| Contingent considerations paid | 26 | (79) | (33) | |
| Settlement of B-share liability | 23 | – | (640) | |
| Proceeds from disposal of joint venture | 26 | 4 347 | – | |
| Premiums paid/settlement of foreign exchange option contracts relating to disposal of joint venture | 23 | (322) | (61) | |
| Other cash payments received | 9 | 22 | ||
| Other cash payments made | (5) | (11) | ||
| Net cash generated from/(utilised in) investing activities | 1 771 | (3 364) | ||
| Cash flows from financing activities | ||||
| Proceeds from interest-bearing borrowings | 21 | 5 496 | 8 437 | |
| Repayment of interest-bearing borrowings | 21 | (7 352) | (5 534) | |
| Proceeds from preference shares | 21 | 500 | – | |
| Repayment of preference shares | 21 | (2 700) | (1 250) | |
| Distributions to non-controlling interests | (238) | (252) | ||
| Cash flow on increases in ownership interests | 26 | (125) | (484) | |
| Proceeds on decreases in ownership interests | 26 | 21 | 29 | |
| Finance cost paid | (984) | (903) | ||
| Treasury shares acquired for delivery to staff trust and long-term incentive scheme | 19 and 20 | (72) | (72) | |
| Dividends paid to Company's shareholders | (1 321) | (758) | ||
| Other cash payments received | 10 | – | ||
| Other cash payments made | – | (39) | ||
| Net cash utilised in financing activities | (6 765) | (826) | ||
| Net (decrease)/increase in cash and cash equivalents | (339) | 250 | ||
| Cash and cash equivalents – beginning of the year | 1 006 | 726 | ||
| Effect of foreign exchange rate movements | 10 | 30 | ||
| Cash and cash equivalents – end of the year | 15 | 677 | 1 006 | |
The accompanying notes are an integral part of these consolidated financial statements.