Summarised Consolidated Statement of
Cash Flows
for the year ended 30 June 2018

 
Year ended 
30 June 
2018 
R’000 
Year ended 
30 June 
2017 
R’000 
Cash flows from operating activities 
Operating cash flow  3 776 728  3 111 395 
Working capital (outflow)/inflow  (109 599) 82 925 
Cash generated from operations  3 667 129  3 194 320 
Finance costs paid  (465 894) (441 915)
Interest received  132 990  152 498 
Income tax paid  (612 330) (409 559)
Dividends paid to non-controlling interests  (237 081) (222 407)
Net cash generated from operating activities  2 484 814  2 272 937 
Cash flows from investing activities 
Additions to property, plant and equipment  (1 178 701) (958 110)
Additions to full maintenance lease assets  (569 757) (625 453)
Additions to intangible assets  (74 645) (44 574)
Proceeds on disposal of property, plant and equipment  223 936  224 116 
Proceeds on disposal of full maintenance lease assets  289 039  317 096 
Net acquisition of businesses (net of cash acquired) (455 901) (1 794 057)
Dividends received from equity-accounted investee  –  10 882 
Other investing activities  (55 874) 40 748 
Net cash outflow from investing activities  (1 821 903) (2 829 352)
Cash flows from financing activities 
Share issues net of expenses  497 150  – 
Cash outflow on share movements  (34 029) (1 830)
Additional investments in existing subsidiaries  (751 439) (95 074)
Interest-bearing borrowings raised  1 163 138  1 766 608 
Full maintenance lease borrowings raised  342 157  396 010 
Interest-bearing borrowings repaid  (776 230) (1 253 827)
Full maintenance lease borrowings repaid  (526 396) (522 571)
Net cash (outflow)/inflow from financing activities  (85 649) 289 316 
Net increase/(decrease) in cash and cash equivalents  577 262  (267 099)
Net cash and cash equivalents at beginning of the year  2 727 133  3 127 910 
Effect of foreign exchange on cash and cash equivalents  46 875  (133 678)
Cash and cash equivalents at end of the year  3 351 270  2 727 133