Notes to the statements of cash flows
for the year ended 30 September 2021

COMPANY           GROUP
2021 2020     (R’million) Notes   2021 2020
       A  Cash operating profit        
        Operating profit before impairment and non-operational items        
1 791,4 1 165,3     – Continuing operations     2 235,5 2 477,5
        – Discontinued operations     19,1 (503,1)
        Adjusted for:        
        Depreciation     799,0 780,0
(19,6) 16,2     Expected credit losses     (51,7) 118,2
        Share-based payment expenses     41,3 66,1
        Amortisation     8,6 9,3
        Loss on disposal/write-offs of property, plant and equipment     22,2 6,5
(1 671,0) (1 184,5)     Dividends received from associate companies and subsidiaries     –  
        Post-retirement medical aid and pension fund obligations     6,9 (3,0)
        Restructuring and related costs     2,4 45,5
        Legal settlement     – 19,4
        Impact of civil unrest     85,2 –
        Impact of product recall     646,8 –
        Early settlement of lease liability     29,7 (10,7)
0,6 3,6     Other non-cash items     – –
101,4 0,6     Cash operating profit     3 845,0 3 005,7
      B Working capital changes        
        (Increase)/decrease in inventories     (1 001,7) 60,3
– (3,5)     Decrease/(increase) in trade and other receivables     348,9 307,0
– (0,8)     Increase/(decrease) in trade and other payables     762,6 (419,8)
– (4,3)     Working capital changes     109,8 (52,5)
      C Taxation paid        
2,1 2,5     Amounts (payable)/receivable at beginning of the year, net     (61,7) (12,8)
        Income statement charge        
(9,7) (21,3)     – Continuing operations 9   (596,7) (726,7)
        – Discontinued operations 35   (20,8) 155,8
        Deferred tax 18   (169,4) (91,1)
        Exchange rate difference and other non-cash items     2,7 (7,2)
(1,0) (2,1)     Amounts payable/(receivable) at the end of year, net     110,5 61,7
(8,6) (20,9)     Taxation paid     (735,4) (620,3)
      D Dividends paid        
(1 879,2) (823,8)     Per statement of changes in equity     (1 683,6) (739,8)
        Dividends paid to outside shareholders     (0,7) (0,8)
(1 879,2) (823,8)     Dividends paid     (1 684,3) (740,6)
      E Purchase of property, plant, equipment        
        Replacement     (762,2) (658,8)
        Expansion     (251,5) (278,3)
              (1 013,7) (937,1)
      F Cash and cash equivalents at the beginning 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
      G Cash and cash equivalents at the end of the year        
221,3 175,6     Cash resources     2 161,8 1 790,0
        Short-term borrowings regarded as cash and cash equivalents     – (2,0)
        Discontinued operations     – (8,5)
221,3 175,6           2 161,8 1 779,5
* Restated as required in line with the presentation requirement of IAS 1 as part of continuous improvements in terms of IFRS. (Refer note 21.2).
# Restated as the group reclassified customer rebates as part of continuous improvements in terms of IFRS 15. (Refer note 21.1).