Group statement of cash flows
For the year ended 31 May 2016
| Download (EXCEL) |
| Notes | 2016 R’000 |
2015 R’000 |
||||
|---|---|---|---|---|---|---|
| Cash flows from operating activities | ||||||
| Cash received from customers | 26 271 886 | 21 499 455 | ||||
| Cash paid to suppliers and employees | (25 527 701) | (21 069 649) | ||||
| Cash generated by operations | 1.6 | 744 185 | 429 806 | |||
| Interest received | 42 082 | 15 995 | ||||
| Interest paid | (48 207) | (67 811) | ||||
| Taxation paid | 7.3 | (305 118) | (245 495) | |||
| Net cash generated from operating activities | 432 942 | 132 495 | ||||
| Cash flows from investing activities | ||||||
| Acquisition of intangible assets | 4.2 | (85 175) | (125 366) | |||
| Proceeds on disposal of intangible assets | * | 308 | ||||
| Proceeds on disposal of property, plant and equipment | 3 585 | 3 116 | ||||
| Acquisition of property, plant and equipment | 4.3 | (41 956) | (53 318) | |||
| Disposal of subsidiaries net of cash disposed | 2.2 | 13 219 | 2 334 | |||
| Acquisition of subsidiaries net of cash acquired | — | (157 460) | ||||
| Acquisition of associate and joint venture | * | (100) | ||||
| Proceeds on disposal of associate | — | 94 897 | ||||
| Loans advanced to Blue Label Mexico** | — | (48 979) | ||||
| Capital contribution to Blue Label Mexico | (42 654) | — | ||||
| Capital contribution to Oxigen Services India | (159 425) | — | ||||
| Equity loans advanced to Lornanox | (58 883) | — | ||||
| Loans advanced to associates and joint ventures | (2 213) | (14 353) | ||||
| Loans repaid by associates and joint ventures | 593 | — | ||||
| Loans granted | (59 182) | (17 837) | ||||
| Loans receivable repaid | 31 876 | 7 522 | ||||
| Settlement of contingent consideration | (1 931) | (19 515) | ||||
| Contingent proceeds received | 5 813 | — | ||||
| Net cash utilised in investing activities | (396 333) | (328 751) | ||||
| Cash flows from financing activities | ||||||
| Interest-bearing borrowings repaid | — | (3 573) | ||||
| Interest-bearing borrowings raised | — | 4 419 | ||||
| Acquisition of treasury shares | 6 | (23 052) | (19 131) | |||
| Dividends paid to non-controlling interest | (4 000) | (4 874) | ||||
| Dividends paid to equity holders of the parent | (209 098) | (182 117) | ||||
| Net cash utilised in financing activities | (236 150) | (205 276) | ||||
| Net decrease in cash and cash equivalents | (199 541) | (401 532) | ||||
| Cash and cash equivalents at the beginning of the year | 788 411 | 1 184 131 | ||||
| Exchange gains on cash and cash equivalents | 157 | 5 812 | ||||
| Cash and cash equivalents at the end of the year | 3.1.3 | 589 027 | 788 411 |
| * | Less than R1 000. |
| ** | These loans were subsequently capitalised. Refer to note 2.1. |