Summarised consolidated statement of cash flow

 

  For the year ended  
  31 December 2016
Audited
R'000
  31 December 2015
Audited
R'000
 
Profit before taxation 743 948   479 174  
Interest paid 63 400   65 008  
Interest received (4 044)   (1 943)  
Depreciation and impairment 329 893   273 753  
Adjusted for non-cash items 12 805   36 533  
Share grants vested (4 624)   (2 888)  
Adjusted for working capital changes (419 659)   201 870  
Cash flows from operations 721 719   1 051 507  
Interest paid (50 745)   (41 201)  
Interest received 2 727   1 460  
Tax paid (172 193)   (58 972)  
Cash flows from operating activities 501 508   952 794  
Cash flows from investing activities (287 582)   (303 457)  
Proceeds on disposal of property, plant and equipment   48  
Acquisition of property, plant and equipment – sustaining (275 995)   (259 185)  
Acquisition of property, plant and equipment – expansionary (11 587)   (44 320)  
Cash flows from financing activities (246 953)   (102 346)  
Dividends paid (49 963)   (45 192)  
Loans repaid during the year (196 990)   (57 154)  
Net (decrease)/increase in cash and cash equivalents (33 027)   546 991  
Cash and cash equivalents at the beginning of the year 309 570   (162 468)  
Effect of exchange rate fluctuations on cash held (13 239)   (74 953)  
Cash and cash equivalents at the end of the year 263 304   309 570