ANNUAL FINANCIAL STATEMENTS 2024
for the year ended 30 September 2024
for the year ended 30 September 2024
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 | |