Summarised consolidated statement of cash flow
| Download (EXCEL) |
| For the year ended | ||||
| 31 December 2017 Audited* R'000 |
31 December 2016 Audited* R'000 |
|||
| Profit before taxation | 1 277 722 | 743 948 | ||
|---|---|---|---|---|
| Finance expense | 27 958 | 63 400 | ||
| Finance income | (8 633) | (4 044) | ||
| Depreciation | 368 212 | 329 893 | ||
| Adjusted for non-cash items | 5 588 | 12 805 | ||
| Share grants vested | (11 053) | (4 624) | ||
| Embedded derivative expense | 155 852 | (134 549) | ||
| Provisions | 135 771 | 12 396 | ||
| Effect of exchange rate fluctuation on cash held during the year | 47 175 | 13 239 | ||
| Adjusted for working capital changes | (219 666) | (310 745) | ||
| Cash flows from operations | 1 778 926 | 721 719 | ||
| Interest paid | (21 125) | (50 745) | ||
| Interest received | 8 514 | 2 727 | ||
| Tax paid | (366 441) | (172 193) | ||
| Cash flows from operating activities | 1 399 874 | 501 508 | ||
| Cash flows from investing activities | (403 796) | (287 582) | ||
| Acquisition of property, plant and equipment – sustaining | (402 973) | (275 995) | ||
| Acquisition of property, plant and equipment – expansionary | (823) | (11 587) | ||
| Cash flows from financing activities | (540 552) | (246 953) | ||
| Dividends paid | (175 749) | (49 963) | ||
| Loans repaid | (364 803) | (196 990) | ||
| Net increase/(decrease) in cash and cash equivalents | 455 526 | (33 027) | ||
| Net cash and cash equivalents at the beginning of the year | 263 304 | 309 570 | ||
| Effect of exchange rate fluctuations on cash held | (47 175) | (13 239) | ||
| Net cash and cash equivalents at the end of the year | 671 655 | 263 304 | ||