Company       Group
2020 2019   (R’million) Notes 2020 2019
    A Cash operating profit      
      Operating profit/(loss) before abnormal items and impairment      
1 165,3 1 549,4   – Continuing operations   2 601,6 3 170,3
      – Discontinued operations   (503,1) (564,1)
      Proceeds included in abnormal items   99,9
      Add back:      
      Depreciation   780,0 621,6
16,2   Expected credit losses   118,2
      Share-based payment expenses   66,1 60,9
      Provision for post-retirement medical aid and pension fund   (3,0) 3,7
      Amortisation   9,3 9,2
      Loss on disposal of plant, equipment and vehicles   6,5
(1 184,5) (1 323,2)   Dividends received from associate companies and subsidiaries      
      Restructuring and related costs paid   (22,7)
      Legal settlements paid   (47,2)
3,6 (0,3)   Other non-cash items  
0,6 225,9   Cash operating profit   3 005,7 3 401,5
    B Working capital changes      
      Decrease/(increase) in inventories   60,3 (428,4)
(3,5) 311,4   (Increase)/decrease in trade and other receivables   (109,8) (89,7)
(0,8) 4,0   Decrease/(increase) in trade and other payables   (3,0) 608,8
(4,3) 315,4   Working capital changes   (52,5) 90,7
    C Taxation paid      
2,5 0,2   Amounts (payable)/receivable at the beginning of the year, net   (12,8) (86,7)
      Income statement charge      
(21,3) (29,8)   – Continuing operations 8 (726,7) (965,0)
      – Discontinued operations 33 155,8 167,2
      Deferred tax 17 (91,1) 19,7
      Exchange rate difference and other non-cash items   (7,2)
(2,1) (2,5)   Amounts payable/(receivable) at the end of the year, net   61,7 12,8
(20,9) (32,1)   Total taxation paid   (620,3) (852,0)
    D Dividends paid      
(823,8) (6 085,7)   Per statement of changes in equity   (739,8) (5 624,1)
3 563,3   Dividend in specie on unbundling of Oceana   3 369,2
      Dividends paid to outside shareholders   (0,8) (29,6)
(823,8) (2 522,4)   Total dividends paid   (740,6) (2 284,5)
    E Purchase of property, plant, equipment      
      Replacement   (658,8) (600,3)
      Expansion   (278,3) (503,2)
          (937,1) (1 103,5)
    F Cash and cash equivalents at the beginning of the year      
67,4 304,7   Cash resources   1 723,9 1 581,1
      Short-term borrowings regarded as cash and cash equivalents   (518,5) (911,9)
      Discontinued operations   (43,7)  
67,4 304,7       1 161,7 669,2
    G Cash and cash equivalents at the end of the year      
175,6 67,4   Cash resources   1 790,0 1 723,9
      Short-term borrowings regarded as cash and      
      cash equivalents   (2,0) (518,5)
      Discontinued operations   (8,5) (43,7)
175,6 67,4       1 779,5 1 161,7
* Restated as required by IFRS 5 in relation to the treatment of Value Added Meat Products (VAMP), a division of Tiger Consumer Brands Limited (Domestic operations – Consumer Brands – Food) as a discontinued operation. Refer to note 33.