Summarised Group statement of cash flows

for the year ended 31 May 2019

Download (EXCEL)

 

 
2019 
R'000 		 2018 
R'000 
Cash flows from operating activities     
Cash received from customers  25 995 287  23 588 810 
Cash paid to suppliers, financiers and employees  (25 564 000) (20 000 031)
Cash generated by operations  431 287  3 588 779 
Interest received  88 416  154 952 
Interest paid  (231 131) (187 489)
Taxation paid  (369 086) (368 099)
Net cash (utilised in)/generated from operating activities  (80 514) 3 188 143 
Cash flows from investing activities     
Acquisition of intangible assets  (75 931) (31 183)
Proceeds on disposal of intangible assets  51  – 
Proceeds on disposal of property, plant and equipment  5 230  6 486 
Acquisition of property, plant and equipment  (134 028) (71 640)
Acquisition of subsidiary net of cash acquired  (7 162) (291 240)
Acquisition of associate  –  (6 124 127)
Transaction costs on associates  –  (55 131)
Capital contribution to Oxigen Services India  –  (25 076)
Purchase of bond notes  –  (117 037)
Liquidity support granted  (326 388) – 
Loan repaid by Cell C  1 135 759  – 
Loan granted to Cell C  (106 132) (1 017 522)
Loans advanced to associates and joint ventures  (13 284) (31 641)
Loans repaid by associates and joint ventures  1 690  – 
Dividend received from associate and joint venture  17 992  4 251 
Loans granted  (29 916) (54 981)
Loans receivable repaid  96 007  78 329 
Settlement of contingent consideration  (2 614) (27 867)
Net cash generated by/(utilised in) investing activities  561 274  (7 758 379)
Cash flows from financing activities     
Interest-bearing borrowings raised  993 439  935 442 
Interest-bearing borrowings repaid  (769 652) – 
Non-interest-bearing borrowings raised  35 876  – 
Non-interest-bearing borrowings repaid  (170) (58)
Proceeds from shares issued  –  3 650 000 
Transaction costs on share issue  –  (12 424)
Share buy back  (224 006) – 
Acquisition of treasury shares  (42 378) (28 846)
Dividends paid to non-controlling interest  (35 550) (27 750)
Dividends paid to equity holders of the parent  –  (349 804)
Net cash (utilised in)/generated by financing activities  (42 441) 4 166 560 
Net increase/(decrease) in cash and cash equivalents  438 319  (403 676)
Cash and cash equivalents at the beginning of the year  947 888  1 350 666 
Exchange gains on cash and cash equivalents  (8 454) 898 
Cash and cash equivalents at the end of the year  1 377 753  947 888