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Annual financial statements
Statements of cash flows
Download pdfFOR THE YEAR ENDED 30 SEPTEMBER 2022
| COMPANY | GROUP | |||||
| 2022 | 2021 | (R’million) | Notes | 2022 | 2021 | |
| (7,1) | 101,4 | Cash operating profit | A | 4 271,0 | 3 845,0 | |
|---|---|---|---|---|---|---|
| 20,6 | – | Working capital changes | B | (1 630,2) | 109,8 | |
| 13,5 | 101,4 | Cash generated from operations | 2 640,8 | 3 954,8 | ||
| 21,7 | 3,4 | Finance income and income from investments received | 44,7 | 30,6 | ||
| – | – | Finance costs paid | (105,8) | (68,4) | ||
| 2 633,7 | 1 570,0 | Dividends received from associated companies and subsidiaries | 15 | 372,0 | 115,4 | |
| (23,2) | (8,6) | Taxation paid | C | (961,5) | (735,4) | |
| 2 645,7 | 1 666,2 | Cash available from operations | 1 990,2 | 3 297,0 | ||
| (1 547,4) | (1 879,2) | Dividends paid | D | (1 386,4) | (1 684,3) | |
| 1 098,3 | (213,0) | Net cash inflow/(outflow) from operating activities | 603,8 | 1 612,7 | ||
| Purchase of property, plant and equipment | E | (961,0) | (1 013,7) | |||
| – | 1,5 | Loans (advanced)/repaid | 17 | (19,0) | (26,0) | |
| Proceeds on disposal of intangible assets | – | 56,0 | ||||
| Proceeds on disposal of property, plant, equipment and vehicles | 3,1 | 30,8 | ||||
| Cash on disposal of division |
– | 153,0 | ||||
| 496,6 | 118,9 | Proceeds on loans to subsidiaries and other loans |
– | – | ||
| Funds held in escrow | (46,2) | (196,1) | ||||
| – | (0,6) | Purchase of investments | (5,4) | – | ||
| 2,0 | – | Proceeds on disposal of investments | 2,4 | 0,3 | ||
| Insurance proceeds on property, plant and equipment received relating to civil unrest | 3.2 | 28,3 | – | |||
| – | 138,9 | Proceeds on disposal of investment in associated company | – | 139,9 | ||
| 498,6 | 258,7 | Net cash (outflow)/inflow from investing activities | (997,8) | (855,8) | ||
| 1 596,9 | 45,7 | Net cash (outflow)/inflow before financing activities | (394,0) | 756,9 | ||
| Repayment of principal portion of lease liabilities | 26.1 | (178,6) | (216,7) | |||
| Black Managers Trust (BMT) shares exercised | 5,0 | 3,5 | ||||
| Shares exercised relating to equity-settled scheme | (1,0) | (17,9) | ||||
| (1 453,1) | – | Repurchase of shares | (1 453,1) | – | ||
| Short-term borrowings raised/(repaid) | 972,8 | (14,2) | ||||
| (1 453,1) | – | Net cash outflow from financing activities | (654,9) | (245,3) | ||
| 143,8 | 45,7 | Net (decrease)/increase in cash and cash equivalents | (1 048,9) | 511,6 | ||
| 23,1 | – | Effect of exchange rate changes on cash and cash equivalents | 90,7 | (129,3) | ||
| Reclassification of cash and cash equivalents to other receivables | 20.1 | (87,7) | – | |||
| 221,3 | 175,6 | Cash and cash equivalents at the beginning of the year | F | 2 161,8 | 1 779,5 | |
| 388,2 | 221,3 | Cash and cash equivalents at the end of the year | G | 1 115,9 | 2 161,8 | |