Summarised consolidated statement of cash flow
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| For the year ended | ||||
| 31 December 2015 Audited R’000 |
31 December 2014 Audited R’000 |
|||
| Profit before taxation | 479 174 | 300 635 | ||
| Interest paid | 65 008 | 52 372 | ||
| Interest received | (1 943) | (1 077) | ||
| Depreciation and impairment | 273 753 | 237 335 | ||
| Adjusted for non-cash items | 36 533 | 8 579 | ||
| Adjusted for working capital changes | 201 870 | (201 926) | ||
| Cash flows from operations | 1 054 395 | 395 918 | ||
| Interest paid | (41 201) | (43 915) | ||
| Interest received | 1 460 | 1 047 | ||
| Tax paid | (58 972) | (46 985) | ||
| Cash flows from operating activities | 955 682 | 306 065 | ||
| Cash flows from investing activities | (303 457) | (437 001) | ||
| Proceeds on disposal of property, plant and equipment | 48 | 6 311 | ||
| Acquisition of property, plant and equipment – sustaining | (259 185) | (247 359) | ||
| Acquisition of property, plant and equipment – expansionary | (44 320) | (195 953) | ||
| Cash flows from financing activities | (105 234) | 7 272 | ||
| Share grants vested | (2 888) | (6 471) | ||
| Proceeds from issue of shares | – | 6 790 | ||
| Dividends paid | (45 192) | (27 952) | ||
| Loans (repaid)/raised during the year | (57 154) | 34 905 | ||
| Net increase/(decrease) in cash and cash equivalents | 546 991 | (123 664) | ||
| Cash and cash equivalents at the beginning of the year | (162 468) | (10 746) | ||
| Effect of exchange rate fluctuations on cash held | (74 953) | (28 058) | ||
| Cash and cash equivalents at the end of the year | 309 570 | (162 468) | ||