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 |
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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 |
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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 |