STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2019

R million 30 June 
2019 		 30 June 
2018 
        
Cash flows – operating activities       
Cash generated from operations  4 372  2 096 
Interest received  1 256  879 
Taxation paid  (1 217) (657)
Dividends received(1)  3 381  3 789 
Finance costs  (1 492) (1 159)
Cash available from operating activities  6 300  4 948 
Dividends paid  (3 759) (2 934)
Cash inflow/(outflow) from operating activities  2 541   2 014 
        
Cash flows – investing activities       
Investment in property, plant and equipment and other assets  (2 636) (1 268)
Proceeds on disposal of property, plant and equipment and intangible assets   69  246 
Proceeds on disposal of assets held for sale(2)  5 084  43 
Businesses acquired(3)  (61) 1 223 
Proceeds on disposal of investments and loans(4)  1 004  407 
Additions to investments and loans(5)  (4 484) (339)
Acquisition of money market funds  (1 179) (100)
Disposal of money market funds  –  1 992 
Business disposed  –  4 
Cash inflow/(outflow) from investing activities  (2 203)   2 208 
        
Cash flows – financing activities       
Loans repaid   (600) (118)
Purchase of treasury shares  (396) – 
Other movements  180  196 
Cash inflow/(outflow) from financing activities  (816) 78 
        
Net increase/(decrease) in cash and cash equivalents  (478) 4 300 
Exchange rate profit on foreign cash  38  213 
Cash and cash equivalents at the beginning of the year  11 985  7 472 
Cash and cash equivalents at the end of the year  11 545  11 985 
        
Cash and cash equivalents – per statement of financial position  12 662  12 169 
Bank overdraft  (1 117) (184)
        
(1) Refer to “Change in accounting policies” here for the impact of the implementation of new accounting standards.
(2) Includes the R4 900 million cash received on the disposal of the investment in Unilever. Refer to “Investment activities” here.
(3) The prior year includes the net cash and cash equivalents of Distell at acquisition date amounting to R1 306 million.
(4) Includes the repayment of the loan granted to MCSH. Refer to “Investment activities” here.
(5) Include the investments in CIVH and Prescient. Refer to “Investment activities” here.