ANNUAL FINANCIAL STATEMENTS 2023
For the year ended 30 September 2023
For the year ended 30 September 2023
FOR THE YEAR ENDED 30 SEPTEMBER 2023
| GROUP | COMPANY | |||||
| (R’million) | Notes | 2023 | 2022 Restated# |
2023 | 2022 | |
|---|---|---|---|---|---|---|
| Cash operating profit/(loss) | A | 4 264,5 | 4 271,0 | 66,5 | (7,1) | |
| Working capital changes | B | (1 561,3) | (1 587,2) | 11,9 | 20,6 | |
| Cash generated from operations | 2 703,2 | 2 683,8 | 78,4 | 13,5 | ||
| Finance income and income from investments received | 47,9 | 44,7 | 26,9 | 21,7 | ||
| Finance costs paid | (256,2) | (105,8) | ||||
| Dividends received from associated companies and subsidiaries | 247,1 | 372,0 | 1 658,8 | 2 633,7 | ||
| Taxation paid | C | (808,0) | (961,5) | (11,8) | (23,2) | |
| Cash available from operations | 1 934,0 | 2 033,2 | 1 752,3 | 2 645,7 | ||
| Dividends paid | D | (1 563,8) | (1 386,4) | (1 754,6) | (1 547,4) | |
| Net cash inflow/(outflow) from operating activities | 370,2 | 646,8 | (2,3) | 1 098,3 | ||
| Purchase of property, plant and equipment | E | (1 212,6) | (1 004,0) | |||
| Loans advanced | 18 | – | (19,0) | |||
| Proceeds on disposal of property, plant and equipment | 26,8 | 3,1 | ||||
| Proceeds on loans to subsidiaries and other loans | – | 496,6 | ||||
| Funds held in escrow | 39,2 | (46,2) | ||||
| Purchase of investments | – | (5,4) | ||||
| Proceeds on disposal of investments | 2,6 | 2,4 | 2,6 | 2,0 | ||
| Insurance proceeds on property, plant and equipment relating to civil unrest | – | 28,3 | ||||
| Net cash (outflow)/inflow from investing activities | (1 144,0) | (1 040,8) | 2,6 | 498,6 | ||
| Net cash (outflow)/inflow before financing activities | (773,8) | (394,0) | 0,3 | 1 596,9 | ||
| Repayment of principal portion of lease liabilities | 27.1 | (203,4) | (178,6) | |||
| Black Managers Trust (BMT) shares exercised | 4,1 | 5,0 | ||||
| Shares exercised relating to equity-settled scheme | (38,0) | (1,0) | ||||
| Repurchase of shares | – | (1 453,1) | – | (1 453,1) | ||
| Long-term borrowings raised | 27.2 | 1 002,1 | – | |||
| Short-term borrowings raised | 27.3 | 1 103,9 | 972,8 | |||
| Short-term borrowings paid | 27.3 | (1 380,0) | – | |||
| Net cash inflow/(outflow) from financing activities | 488,7 | (654,9) | – | (1 453,1) | ||
| Net (decrease)/increase in cash and cash equivalents | (285,1) | (1 048,9) | 0,3 | 143,8 | ||
| Effect of exchange rate changes on cash and cash equivalents | (40,3) | 90,7 | (34,6) | 23,1 | ||
| Reclassification of cash and cash equivalents to other receivables | 21.1 | (14,6) | (87,7) | |||
| Cash and cash equivalents at beginning of the year | F | 1 115,9 | 2 161,8 | 388,2 | 221,3 | |
| Cash and cash equivalents at end of the year | G | 775,9 | 1 115,9 | 353,9 | 388,2 | |
| # | Refer to note 36 for details on restatements |
Hover over a row in the table to the left to populate this graph