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 | ||