Group statement of cash flows
For the year ended 31 May 2015
| Download (EXCEL) |
| Notes | 2015 R’000 |
2014 R'000 |
||||||
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities | ||||||||
| Cash received from customers | 21 499 455 | 18 708 547 | ||||||
| Cash paid to suppliers and employees | (21 069 649) | (17 579 539) | ||||||
| Cash generated by operations | 23 | 429 806 | 1 129 008 | |||||
| Interest received | 15 995 | 24 613 | ||||||
| Interest paid | (67 811) | (22 751) | ||||||
| Taxation paid | 24 | (245 495) | (223 538) | |||||
| Net cash generated from operating activities | 132 495 | 907 332 | ||||||
| Cash flows from investing activities | ||||||||
| Acquisition of intangible assets | 5 | (125 366) | (102 778) | |||||
| Warranty refund | — | 15 501 | ||||||
| Proceeds on disposal of intangible assets | 308 | 1 209 | ||||||
| Disposal of subsidiaries net of cash disposed | 25 | 2 334 | — | |||||
| Acquisition of subsidiaries net of cash acquired | 26 | (157 460) | (273 242) | |||||
| Acquisition of associate and joint venture | 6 | (100) | * | |||||
| Proceeds on disposal of associate | 6 | 94 897 | — | |||||
| Loans advanced to Blue Label Mexico** | (48 979) | (85 765) | ||||||
| Loans advanced to associates and joint ventures | (14 353) | (603) | ||||||
| Loans granted | (17 837) | (16 155) | ||||||
| Loans receivable repaid | 7 522 | 28 662 | ||||||
| Settlement of contingent consideration | (19 515) | — | ||||||
| Dividends received from associates and joint ventures | — | 11 118 | ||||||
| Proceeds on disposal of property, plant and equipment | 3 116 | 1 144 | ||||||
| Acquisition of property, plant and equipment | (53 318) | (46 311) | ||||||
| Net cash utilised in investing activities | (328 751) | (467 220) | ||||||
| Cash flows from financing activities | ||||||||
| Interest-bearing borrowings repaid | (3 573) | (112) | ||||||
| Interest-bearing borrowings raised | 4 419 | 962 | ||||||
| Acquisition of non-controlling interest | — | (16 190) | ||||||
| Acquisition of treasury shares | 13 | (19 131) | (11 120) | |||||
| Dividends paid to non-controlling interest | (4 874) | (1 805) | ||||||
| Dividends paid | (182 117) | (168 627) | ||||||
| Net cash utilised in financing activities | (205 276) | (196 892) | ||||||
| Net (decrease)/increase in cash and cash equivalents | (401 532) | 243 220 | ||||||
| Cash and cash equivalents at the beginning of the year | 1 184 131 | 941 282 | ||||||
| Translation difference | 5 812 | (371) | ||||||
| Cash and cash equivalents at the end of the year | 12 | 788 411 | 1 184 131 |
* Less than R1 000.
** These loans were subsequently capitalised. Refer to note 6.
The notes on pages 121 to 217 are an integral part of these consolidated financial statements.