AUDITED SUMMARISED CONSOLIDATED STATEMENT OF CASH FLOWS

Download (EXCEL)
   Notes     Twelve 
months 
ended 
31 March 
2017 
Audited 
Rm
 
   Six months
ended
31 March
2016
Audited
Rm 
Twelve 
months 
ended 
31 March 
2016 
Pro forma*
Rm  
  
Cash flow from operating activities                      
Operating cash flows before movements in working capital        2 101     1 137  2 382    
Working capital movements        (230)    (324)   
Cash generated from operations        1 871     813  2 389    
Finance costs paid        (743)    (292) (448)   
Investment income received        21     25    
Taxation paid        (296)    (195) (432)   
Cash available from operations        853     334  1 534    
Dividends paid        (8)    (185) (321)   
Net cash inflow from operating activities        845     149  1 213    
Cash flow from investing activities                      
Acquisition of additional shares in equity-accounted investment             (75) (75)   
Acquisition of additional shares in subsidiary        (18)    –  (108)   
Investments in intangible assets        (19)    (12) (34)   
Investments in property, plant and equipment        (2 058)    (1 176) (3 038)   
Movements in other investing activities             (5)   
Movement in other non-current assets             (181) (181)   
Proceeds from disposal of property, plant and equipment        4       
Proceeds on sale of equity-accounted investment and available-for-sale financial asset             153  153    
Net cash outflow from investing activities        (2 091)    (1 283) (3 279)   
Cash flow from financing activities                      
Net borrowings (repaid)/raised before repayment of the notes  17     (1 370)    1 499  2 663    
Proceeds from the issuance of shares following rights issue (net of transaction costs)       3 722     –  –    
Proceeds from the issuance of shares issued to strategic black partners through the modification of the company’s first BBBEE transaction  14     1 041     –  –    
Proceeds from the sale of nil paid letters by consolidated BBBEE entities        137     –  –    
Purchase of PPC Ltd shares in terms of the FSP share incentive scheme  14     (74)    –  (24)   
Repayment of notes  17     (1 614)    (650) (650)   
Net cash inflow from financing activities        1 842     849  1 989    
Net movement in cash and cash equivalents        596     (285) (77)   
Cash and cash equivalents at the beginning of the period        460     718  464    
Cash and cash equivalents acquired on acquisition of 3Q Mahuma Concrete  20     4     –  –    
Exchange rate movements on opening cash and cash equivalents        (70)    27  73    
Cash and cash equivalents at the end of the period        990     460  460    
* Refer note 1.