Annual Financial Statements

Group statements of cash flows

for the year ended 30 June

  R million   Notes   2014   2013  
Restated  
2012  
Restated  
 

Cash flows from operating activities  

       
  Cash receipts from customers     10 811   10 223   9 742  
  Cash paid to suppliers, government and employees     (7 722)  (7 143)  (7 008) 
  Cash generated by operations   25.1   3 089   3 080   2 734  
  Tax paid   25.2   (494)  (498)  (531) 
  Cash generated by operating activities     2 595   2 582   2 203  
  Settlement of long service award obligation     (40)  (120)  –  
  Net cash inflow from operating activities     2 555   2 462   2 203  
 

Cash flows from investing activities  

       
  Purchase of property, plant and equipment          
  Expansion     (672)  (557)  (586) 
  Replacement     (1 212)  (711)  (514) 
  Purchase of intangible assets     (210)  (32)  (60) 
  Proceeds on disposal of property, plant and equipment     61   13   4  
  Acquisition of subsidiary   25.3   (27)  –   –  
  Disposal of shares in subsidiaries     4   –   –  
  Disposal of subsidiary   25.4   (10)  –   –  
  Investment income     25   31   37  
  Other non current loans repaid/(raised)    22   31   (1) 
  Net cash outflow from investing activities     (2 019)  (1 225)  (1 120) 
 

Cash flows from financing activities  

       
  Minority share capital reduction     (84)  –   –  
  Purchase of shares in subsidiaries   25.5   (126)  (73)  (817) 
  Net increase/(decrease) in borrowings   25.6   633   (59)  589  
  Interest paid   25.7   (532)  (478)  (495) 
  Dividends paid   25.8   (489)  (525)  (506) 
  Deferred payment     48   –   –  
  Increase in minority funding     –   80   –  
  Increase in share capital     –   32   131  
  Purchase of treasury shares and share options     (60)  (8)  (32) 
  Net cash outflow from financing activities     (610)  (1 031)  (1 130) 
  Effects of exchange rate changes on cash and cash equivalents     8   65   57  
  Net (decrease)/increase in cash and cash equivalents     (66)  271   10  
  Cash and cash equivalents at beginning of year     1 024   753   743  
  Cash and cash equivalents at end of year   25.9   958   1 024   753