Condensed consolidated statement of cash flows
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| For the six months ended | |||
| 30 June 2017 Reviewed R'000 |
30 June 2016 Reviewed R'000 |
||
| Profit before taxation | 676 674 | 78 445 | |
|---|---|---|---|
| Finance expense | 25 942 | 32 983 | |
| Finance income | (2 161) | (1 368) | |
| Depreciation | 164 938 | 146 509 | |
| Vesting and payment of share grants | (11 057) | (4 107) | |
| Adjusted for non-cash items | 2 813 | 4 766 | |
| Adjusted for working capital changes | (279 071) | 154 593 | |
| Cash flows from operations | 578 078 | 411 821 | |
| Interest paid | (20 044) | (26 186) | |
| Interest received | 1 754 | 1 183 | |
| Tax paid | (75 177) | (14 548) | |
| Cash flows from operating activities | 484 611 | 372 270 | |
| Cash flows from investing activities | (142 052) | (124 825) | |
| Acquisition of property, plant and equipment – expansionary | (785) | (6 823) | |
| Acquisition of property, plant and equipment – sustaining | (141 267) | (118 002) | |
| Cash flows from financing activities | (464 049) | (110 386) | |
| Dividends paid | (100 428) | (29 877) | |
| Repayment of borrowings | (363 621) | (80 509) | |
| Net (decrease)/increase in cash and cash equivalents | (121 490) | 137 059 | |
| Cash and cash equivalents at the beginning of the period | 263 305 | 309 570 | |
| Effect of exchange rate fluctuations on cash held | (19 431) | (34 412) | |
| Cash and cash equivalents at the end of the period | 122 384 | 412 217 | |