Summarised Consolidated
Statement of Cash Flows

  Year ended
30 June
2017
Audited
R’000 
Year ended
30 June
2016
Audited
R’000 
Cash flows from operating activities     
Operating cash flow  3 111 395  2 651 508 
Working capital inflow  82 925  245 471 
Cash generated from operations  3 194 320  2 896 979 
Finance costs paid  (441 915) (387 018)
Interest received  152 498  142 029 
Income tax paid  (409 559) (552 678)
Dividend paid to non-controlling interest  (222 407) (186 481)
Net cash generated from operating activities  2 272 937  1 912 831 
Cash flows from investing activities     
Additions to property, plant and equipment  (958 110) (591 167)
Additions to full maintenance lease assets  (625 453) (562 897)
Additions to intangible assets  (44 574) (36 912)
Proceeds on disposal of property, plant and equipment  224 116  270 564 
Proceeds on disposal of full maintenance lease assets  317 096  277 616 
Proceeds on disposal of assets held-for-sale  –  48 065 
Net acquisition of businesses (net of cash acquired) (1 794 057) (1 848 874)
Dividends received from equity-accounted investees  10 882  18 048 
Other investing activities  40 748  19 902 
Net cash outflow from investing activities  (2 829 352) (2 405 655)
Cash flows from financing activities     
Share issues net of expenses  –  1 226 950 
Cash outflow on share options  (1 830) (570)
Additional investment in existing subsidiary  (95 074) (81 447)
Interest-bearing borrowings raised  1 766 608  3 211 923 
Full maintenance lease borrowings raised  396 010  259 642 
Interest-bearing borrowings repaid  (1 253 827) (2 997 858)
Full maintenance lease borrowings repaid  (522 571) (229 707)
Net cash inflow from financing activities  289 316  1 388 933 
Net (decrease)/increase in cash and cash equivalents  (267 099) 896 109 
Cash and cash equivalents at beginning of the year  3 127 910  2 122 908 
Effect of foreign exchange on cash and cash equivalents  (133 678) 108 893 
Cash and cash equivalents at end of the year  2 727 133  3 127 910