Condensed consolidated statement of cash flows

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   30 June 2016
Reviewed
R'000
   30 June 2015
Reviewed
R'000
  
Profit before taxation   78 445     178 271     
Finance expense   32 983     37 836     
Finance income   (1 368)    (755)   
Depreciation and impairment   146 509     120 53     
Vesting and payment of share grants   (4 107)    (2 150)   
Adjusted for non-cash items   4 766     2 68    
Adjusted for working capital changes   154 593     (65 498)   
Cash flows from operations   411 821     270 927   
Interest paid   (26 186)    (13 301)   
Interest received   1 183     548    
Tax paid   (14 548)    (8 973)   
Cash flows from operating activities   372 270     249 20    
Cash flows from investing activities   (124 825)    (126 824)    
Acquisition of property, plant and equipment – expansionary   (6 823)    (22 934)    
Acquisition of property, plant and equipment – sustaining   (118 002)    (103 890)    
Cash flows from financing activities   (110 386)    (28 036)    
Dividends paid   (29 877)    (20 085)   
Repayment of borrowings   (80 509)    (7 951)   
Net increase in cash and cash equivalents   137 059     94 341    
Cash and cash equivalents at the beginning of the period   309 570     (162 468)   
Effect of exchange rate fluctuations on cash held   (34 412)    (1 726)   
Cash and cash equivalents at the end of the period   412 217     (69 853)