Consolidated statement of cash flows
for the year ended 30 September 2021
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| Notes | 2021 R'm |
2020 R'm |
|
| Cash flows from operating activities | |||
| Cash generated from operations | 26 | 5 687 | 4 562 |
| Transaction costs paid relating to acquisitions and disposals | – | (17) | |
| Finance income received | 169 | 93 | |
| Tax paid | (714) | (597) | |
| Net cash generated from operating activities | 5 142 | 4 041 | |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipment | (1 707) | (1 828) | |
| Purchase of intangible assets | (192) | (136) | |
| Proceeds from sales of property, plant and equipment | 45 | 18 | |
| Acquisition of subsidiaries, net of cash acquired | 27 | (167) | (6) |
| Proceeds from disposal of discontinued operation (net of cash disposed) | 27 | 573 | – |
| Acquisition of investment in joint venture | 27 | (5) | – |
| Contingent considerations paid | 23 | – | (37) |
| Transaction costs paid relating to acquisitions and disposals | (35) | – | |
| Other cash payments received1 | 30 | 25 | |
| Other cash payments made2 | (12) | (30) | |
| Net cash utilised in investing activities | (1 470) | (1 994) | |
| Cash flows from financing activities | |||
| Proceeds from bank loans | 20 | 4 970 | 12 505 |
| Repayment of bank loans | 20 | (5 078) | (12 952) |
| Proceeds from lease liabilities | 20 | 251 | 261 |
| Repayment of lease liabilities | 20 | (490) | (573) |
| Distributions to non-controlling interests | (176) | (196) | |
| Cash flow on increases in ownership interests | 27 | (61) | (152) |
| Proceeds on decreases in ownership interests | 27 | 59 | 10 |
| Contingent considerations paid | 23 | – | (37) |
| Finance cost paid | (710) | (823) | |
| Treasury shares acquired for delivery to staff trust and long-term incentive schemes | 18 and 19 | (31) | (44) |
| Dividends paid to Company's shareholders | – | (778) | |
| Other cash payments received | 11 | 27 | |
| Other cash payments made | – | (26) | |
| Net cash utilised in financing activities | (1 255) | (2 778) | |
| Net increase/(decrease) in cash and cash equivalents | 2 417 | (731) | |
| Cash and cash equivalents – beginning of the year | 98 | 677 | |
| Effect of foreign currency rate movements | (168) | 152 | |
| Cash and cash equivalents at the end of the year | 15 | 2 347 | 98 |
| 1 | Includes dividends and capital distributions received from associates and joint ventures – refer note 12. |
| 2 | Includes acquisition of equity investment. |
For cash flows of discontinued operation refer to note 27.
The accompanying notes are an integral part of these consolidated financial statements.