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 2019 Audited R'000 |
31 December 2018 Audited R'000 |
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| (Loss)/profit before tax | (1 866 916) | 944 475 | ||
|---|---|---|---|---|
| Depreciation, amortisation and impairment | 2 313 604 | 405 548 | ||
| Finance income | (56 397) | (18 595) | ||
| Finance expense | 1 594 | 14 512 | ||
| Share-based payment expense | 156 | 3 097 | ||
| Share grants exercised | (3 588) | (5 077) | ||
| Embedded derivative expense | 40 677 | 34 570 | ||
| Provisions | 34 188 | 84 386 | ||
| Movement in long-term receivable | (3 617) | – | ||
| Profit on sale of assets | (17 087) | – | ||
| Effect of exchange rate fluctuations on cash held during the year | 4 410 | 30 042 | ||
| Non-cash movement | 3 054 | – | ||
| Adjusted for working capital changes | 296 496 | (705 332) | ||
| Cash generated from operating activities | 746 574 | 787 627 | ||
| Interest paid | (1 524) | (968) | ||
| Interest received | 10 952 | 17 253 | ||
| Taxation received/(paid) | 5 040 | (325 417) | ||
| Net cash generated from operating activities | 761 042 | 478 495 | ||
| Proceeds from sale of property, plant and equipment | 3 037 | – | ||
| Sustaining capital expenditure | (531 473) | (412 074) | ||
| Expansionary capital expenditure | – | (190) | ||
| Net cash utilised in investing activities | (528 436) | (412 264) | ||
| Dividends paid | (150 642) | (425 963) | ||
| Loans raised/(repaid) during the year | (4 228) | (1 026) | ||
| Net cash utilised in financing activities | (154 870) | (426 989) | ||
| Net increase/(decrease) in cash and cash equivalents | 77 736 | (360 758) | ||
| Cash and cash equivalents at 1 January | 280 855 | 671 656 | ||
| Effect of foreign exchange rate changes | (4 410) | (30 042) | ||
| Cash and cash equivalents at 31 December | 354 181 | 280 856 | ||