Summarised consolidated statement of cash flows
for the year ended 30 June 2017
Download (EXCEL) |
Note | % change |
2017 Rm |
2016* Rm |
|||||
Cash flows from operating activities | ||||||||
Cash generated by operations before movements in net working capital | (6) | 8 388 | 8 931 | |||||
Movements in net working capital | 688 | (788) | ||||||
Cash generated by operations before interest and taxes paid | 11 | 9 076 | 8 143 | |||||
Net finance cost paid | (1 670) | (1 461) | ||||||
Tax paid | (1 520) | (1 910) | ||||||
Cash generated by operations before capital expenditure on rental assets | 23 | 5 886 | 4 772 | |||||
Expansion capital expenditure – rental assets | (1 118) | (772) | ||||||
Net replacement capital expenditure – rental assets | (591) | (839) | ||||||
– Expenditure | (3 422) | (3 539) | ||||||
– Proceeds | 2 831 | 2 700 | ||||||
Cash generated by operations after capital expenditure on rental assets | 32 | 4 177 | 3 161 | |||||
Cash flows from investing activities | ||||||||
Net cash flow on disposal and acquisition of subsidiaries and businesses | (1 687) | 760 | ||||||
Expansion capital expenditure – excluding rental assets | 45 | (1 130) | ||||||
Net replacement capital expenditure – excluding rental assets | (999) | (1 397) | ||||||
Net movement in associates and joint ventures | 514 | 71 | ||||||
Net movement in investments, loans and other financial instruments | 188 | 108 | ||||||
(1 939) | (1 588) | |||||||
Cash flows from financing activities | ||||||||
Hedge cost premium paid | (10) | (193) | ||||||
Settlement of cross currency swap instruments | (157) | |||||||
Ordinary shares repurchased~ | (558) | |||||||
Dividends paid | (1 688) | (1 909) | ||||||
Change in non-controlling interests | (252) | (439) | ||||||
Capital raised from non-controlling interests | 149 | 26 | ||||||
Net increase in other interest-bearing borrowings | 1 509 | 2 193 | ||||||
(292) | (1 037) | |||||||
Net increase in cash and cash equivalents | 1 946 | 536 | ||||||
Effects of exchange rate changes on cash resources in foreign currencies | (224) | 145 | ||||||
Cash and cash equivalents at beginning of year | 719 | 38 | ||||||
Cash and cash equivalents at end of year | 10 | 2 441 | 719 |
~ | The repurchase of the 7 864 456 ordinary shares during the year was an inter-group transaction with no impact on the Group's cash flows. |
* | Restated. Please refer to note 3. |