ANNUAL FINANCIAL STATEMENTS 2024

for the year ended 30 September 2024

Statements of cash flows

for the year ended 30 September 2024

    GROUP   COMPANY
(R'million) Notes 2024 2023   2024 2023
Cash operating profit A 4 766,5 4 264,5   36,3 66,5
Working capital changes B 735,4 (1 561,3)   15,8 11,9
Cash generated from operations   5 501,9 2 703,2   52,1 78,4
Finance income and income from investments received   42,0 47,9   56,6 26,9
Finance costs paid   (315,0) (256,2)   (1,4)
Dividends received from associated companies and subsidiaries   229,0 247,1   1 655,8 1 658,8
Taxation paid C (868,5) (808,0)   (17,1) (11,8)
Cash available from operations   4 589,4 1 934,0   1 746,0 1 752,3
Dividends paid D (1 641,1) (1 563,8)   (1 841,1) (1 754,6)
Net cash inflow/(outflow) from operating activities   2 948,3 370,2   (95,1) (2,3)
Purchase of property, plant, equipment and intangibles E (970,4) (1 212,6)  
Proceeds on disposal of property, plant and equipment   40,3 26,8  
Funds held in escrow   2,2 39,2  
Proceeds on disposal of investments   2,6 2,6   2,6 2,6
Proceeds from disposal of intangible assets 14 262,5  
Purchase of Investments   (1,9)  
Net cash (outflow)/inflow from investing activities   (664,7) (1 144,0)   2,6 2,6
Net cash inflow/(outflow) before financing activities   2 283,6 (773,8)   (92,5) 0,3
Repayment of principal portion of lease liabilities 27.1 (222,1) (203,4)  
Black Managers Trust (BMT) shares exercised   7,1 4,1  
Repurchase of shares for the equity-settled scheme   (102,8) (38,0)  
Repurchase of treasury shares   (215,5)  
Long-term borrowings raised 27.2 1 002,1  
Long-term borrowings repaid 27.2 (1 002,1)  
Short-term borrowings raised 27.3 813,1 1 103,9  
Short-term borrowings repaid 27.3 (965,0) (1 380,0)  
Net cash (outflow)/inflow from financing activities   (1 687,3) 488,7  
Net increase/(decrease) in cash and cash equivalents   596,3 (285,1)   (92,5) 0,3
Effect of exchange rate changes on cash and cash equivalents   (69,7) (40,3)   (56,6) (34,6)
Reclassification of cash and cash equivalents to other receivables   (14,6)      
Cash and cash equivalents at the beginning of the year F 775,9 1 115,9   353,9 388,2
Cash and cash equivalents at end of the year G 1 302,5 775,9   204,8 353,9