The following summarised financial statements were not audited, however, the information has been extracted from the audited consolidated annual financial statements.
Summarised consolidated statement of cash flow
| Download (EXCEL) |
| For the year ended | ||||
| 31 December 2018 Audited R'000 |
31 December 2017 Audited R'000 |
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| Profit before tax | 944 475 | 1 277 722 | ||
|---|---|---|---|---|
| Depreciation | 405 548 | 368 212 | ||
| Finance income | (18 595) | (8 633) | ||
| Finance expense | 14 512 | 27 958 | ||
| Share-based payment expense | 3 097 | 5 588 | ||
| Share grants exercised | (5 077) | (11 053) | ||
| Embedded derivative expense | 34 570 | 155 852 | ||
| Provisions | 84 386 | 135 771 | ||
| Effect of exchange rate fluctuations on cash held during the year | 30 042 | 47 175 | ||
| Adjusted for working capital changes | (705 332) | (219 666) | ||
| Cash generated from operating activities | 787 627 | 1 778 926 | ||
| Interest paid | (968) | (21 125) | ||
| Interest received | 17 253 | 8 514 | ||
| Taxation paid | (325 417) | (366 441) | ||
| Net cash from operating activities | 478 495 | 1 399 874 | ||
| Sustaining capital expenditure | (412 074) | (402 973) | ||
| Expansionary capital expenditure | (190) | (823) | ||
| Net cash utilised in investing activities | (412 264) | (403 796) | ||
| Dividends paid | (425 963) | (175 749) | ||
| Loans repaid during the year | (1 026) | (364 803) | ||
| Net cash utilised in financing activities | (426 989) | (540 552) | ||
| Net (decrease)/increase in cash and cash equivalents | (360 758) | 455 526 | ||
| Cash and cash equivalents at 1 January | 671 655 | 263 304 | ||
| Effect of foreign exchange rate changes | (30 042) | (47 175) | ||
| Cash and cash equivalents at 31 December | 280 855 | 671 655 | ||