Summarised consolidated statement of cash flows
FOR THE YEAR ENDED 30 JUNE 2015
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| Notes | % change |
2015 Rm |
2014* Rm |
|||||
| Cash flows from operating activities | ||||||||
| Cash generated by operations before movements in net working capital | 9 049 | 8 674 | ||||||
| Movements in net working capital | (50) | (2 701) | ||||||
| Cash generated by operations before capital expenditure on rental assets | 51 | 8 999 | 5 973 | |||||
| Expansion capital expenditure – rental assets | (772) | (331) | ||||||
| Net replacement capital expenditure – rental assets | (759) | (480) | ||||||
| – Expenditure | (2 496) | (2 543) | ||||||
| – Proceeds | 1 737 | 2 063 | ||||||
| Cash generated by operations | 45 | 7 468 | 5 162 | |||||
| Net finance cost paid | (1 180) | (926) | ||||||
| Tax paid | (1 301) | (1 267) | ||||||
| 68 | 4 987 | 2 969 | ||||||
| Cash flows from investing activities | ||||||||
| Net acquisitions of subsidiaries and businesses | (938) | (297) | ||||||
| Expansion capital expenditure – excluding rental assets | (1 743) | (1 626) | ||||||
| Net replacement capital expenditure – excluding rental assets | (1 245) | (1 162) | ||||||
| Net movement in associates and joint ventures | 178 | (144) | ||||||
| Net movement in investments, loans and other financial instruments | (1 203) | 1 113 | ||||||
| (4 951) | (2 116) | |||||||
| Cash flows from financing activities | ||||||||
| Hedge cost premium paid | (128) | (108) | ||||||
| Ordinary shares repurchased (2014 repurchased and cancelled) | (56) | (502) | ||||||
| Dividends paid | (1 724) | (1 940) | ||||||
| Change in non-controlling interests | (90) | (364) | ||||||
| Capital raised from non-controlling interests | 1 | 89 | ||||||
| Repayment of corporate bond | (1 500) | |||||||
| Proceeds on the issue of corporate bonds | 3 000 | |||||||
| Net increase in other interest-bearing borrowings | 487 | 1 805 | ||||||
| (1 510) | 480 | |||||||
| Net (decrease) increase in cash and cash equivalents | (1 474) | 1 333 | ||||||
| Effects of exchange rate changes on cash resources in foreign currencies | 7 | 45 | ||||||
| Cash and cash equivalents at beginning of year | 898 | (480) | ||||||
| Cash and cash equivalents at end of year | 9 | (163) | (569) | 898 |
| * | Restated for change in accounting policy as described in note 2.1. |