2022 R'000 |
2021 R'000 |
||
---|---|---|---|
Cash flows from operating activities | |||
Cash received from customers | 16 698 666 | 18 988 312 | |
Cash paid to suppliers, financiers and employees | (15 764 089) | (17 248 453) | |
Cash generated by operations | 934 577 | 1 739 859 | |
Interest received | 80 993 | 59 719 | |
Interest paid | (201 091) | (126 780) | |
Taxation paid | (165 710) | (204 756) | |
Net cash generated from operating activities | 648 769 | 1 468 042 | |
Cash flows from investing activities | |||
Acquisition of intangible assets* | (1 013 334) | (36 704) | |
Proceeds on disposal of intangible assets | – | 4 301 | |
Acquisition of property, plant and equipment | (77 813) | (71 214) | |
Proceeds on disposal of property, plant and equipment | 9 793 | 4 115 | |
Acquisition of subsidiary, net of cash acquired | – | 83 | |
Acquisition of shares in associate | (15 340) | – | |
Contingent consideration received** | 117 791 | – | |
Proceeds from disposal of shares in joint ventures | – | 190 555 | |
Liquidity support granted | – | (331 000) | |
Loans advanced to associates and joint ventures | (26 565) | (52 259) | |
Loans repaid by associates and joint ventures | 1 805 | 39 204 | |
Dividend received from associate and joint venture | 5 885 | 14 000 | |
Loans granted | (40 774) | (74 274) | |
Loans receivable repaid | 27 943 | 67 520 | |
Net cash utilised in investing activities | (1 010 609) | (245 673) | |
Cash flows from financing activities | |||
Interest-bearing borrowings raised | 1 627 141 | 152 007 | |
Interest-bearing borrowings repaid | (870 502) | (751 053) | |
Non-interest-bearing borrowings raised | – | 270 | |
Non-interest-bearing borrowings repaid | (270) | (13 959) | |
Lease repayments | (37 857) | (49 900) | |
Settlement of financial guarantee | – | (53 285) | |
Settlement of forward exchange contracts | – | (2 895) | |
Acquisition of non-controlling interest | (11 000) | – | |
Acquisition of treasury shares*** | (9 301) | (43 924) | |
Dividends paid to non-controlling interest | (30 050) | (57 148) | |
Net cash generated by/(utilised in) financing activities | 668 161 | (819 887) | |
Net increase in cash and cash equivalents | 306 321 | 402 482 | |
Cash and cash equivalents at the beginning of the year | 2 417 207 | 2 014 725 | |
Cash and cash equivalents at the end of the year | 2 723 528 | 2 417 207 |
* | Acquisitions of intangible assets in the current period include significant cash outflows of R928 million relating to the subscription income sharing arrangement that commenced during the 2021 financial year. |
** | Settlement of the contingent consideration relating to the disposal of the VAS operations in April 2020. |
*** | Approximately 1.4 million shares were repurchased over the period from 4 to 5 April 2022 at a weighted average price of R6.45 per share. |