Consolidated statement of cash flows
for the year ended 30 September 2020
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for the year ended 30 September 2020
| Notes | 2020 R'm |
2019 R'm |
|||||
| Cash flows from operating activities | |||||||
| Cash generated from operations | 25 | 4 562 | 5 927 | ||||
| Transaction costs paid relating to acquisitions and disposals | (17) | (147) | |||||
| Finance income received | 93 | 60 | |||||
| Tax paid | (597) | (1 185) | |||||
| Net cash generated from operating activities | 4 041 | 4 655 | |||||
| Cash flows from investing activities | |||||||
| Purchase of property, plant and equipment | (1 828) | (1 898) | |||||
| Purchase of intangible assets | (136) | (162) | |||||
| Proceeds from sales of property, plant and equipment | 18 | 23 | |||||
| Business combinations, net of cash acquired | 26 | (6) | (190) | ||||
| Proceeds from disposal of subsidiary | – | 48 | |||||
| Contingent considerations paid | 26 | (37) | (79) | ||||
| Proceeds from disposal of joint venture | – | 4 347 | |||||
| Premiums paid/settlement of foreign exchange option contracts relating to disposal of joint venture | 23 | – | (322) | ||||
| Other cash payments received | 25 | 9 | |||||
| Other cash payments made | (30) | (5) | |||||
| Net cash (utilised in)/generated from investing activities | (1 994) | 1 771 | |||||
| Cash flows from financing activities | |||||||
| Proceeds from bank loans | 20 | 12 505 | 5 285 | ||||
| Repayment of bank loans | 20 | (12 952) | (7 048) | ||||
| Proceeds from lease liabilities | 20 | 261 | 211 | ||||
| Repayment of lease liabilities | 20 | (573) | (304) | ||||
| Proceeds from preference shares | 20 | – | 500 | ||||
| Repayment of preference shares | 20 | – | (2 700) | ||||
| Distributions to non-controlling interests | (196) | (238) | |||||
| Cash flow on increases in ownership interests | 26 | (152) | (125) | ||||
| Proceeds on decreases in ownership interests | 26 | 10 | 21 | ||||
| Contingent considerations paid | 26 | (37) | – | ||||
| Finance costs paid | (823) | (984) | |||||
| Treasury shares acquired for delivery to staff trust and long-term incentive scheme | 18 and 19 | (44) | (72) | ||||
| Dividends paid to Company’s shareholders | (778) | (1 321) | |||||
| Other cash payments received | 27 | 10 | |||||
| Other cash payments made | (26) | – | |||||
| Net cash utilised in financing activities | (2 778) | (6 765) | |||||
| Net decrease in cash and cash equivalents | (731) | (339) | |||||
| Cash and cash equivalents – beginning of the year | 677 | 1 006 | |||||
| Effect of foreign currency rate movements | 152 | 10 | |||||
| Cash and cash equivalents at end of the year | 15 | 98 | 677 | ||||
The accompanying notes are an integral part of these consolidated financial statements.