Summarised consolidated statement of cash flow
| Download (EXCEL) |
| For the six months ended | ||||
| 30 June 2019 Unaudited R'000 |
30 June 2018 Unaudited R'000 |
|||
|---|---|---|---|---|
| Profit before taxation | 237 286 | 589 802 | ||
| Finance expense | 740 | 13 850 | ||
| Finance income | (8 737) | (11 030) | ||
| Depreciation and amortisation | 205 853 | 203 629 | ||
| Movement in provisions | 14 311 | 21 119 | ||
| Embedded derivative (income)/expense | 27 951 | (34 792) | ||
| Vesting and payment of share grants | (3 589) | (5 077) | ||
| Adjusted for non-cash items share grants | 229 | 1 428 | ||
| Adjusted for working capital changes | (258 579) | (584 711) | ||
| Cash generated from operating activities | 215 465 | 194 218 | ||
| Interest paid | (394) | (311) | ||
| Interest received | 5 079 | 9 575 | ||
| Taxation paid | (22 800) | (115 458) | ||
| Net cash from operating activities | 197 350 | 88 024 | ||
| Acquisition of property, plant and equipment -sustaining | (121 053) | (174 040) | ||
| Acquisition of property, plant and equipment -expansionary | – | (188) | ||
| Net cash utilised in investing activities | (121 053) | (174 228) | ||
| Dividends paid | (150 642) | (225 963) | ||
| Loans raised/(repaid) during the year | 3 246 | (502) | ||
| Net cash utilised in financing activities | (147 396) | (226 465) | ||
| Net (decrease)/increase in cash and cash equivalents | (71 099) | (312 669) | ||
| Cash and cash equivalents at 1 January | 280 855 | 671 656 | ||
| Effect of foreign exchange rate changes | (5 160) | (27 958) | ||
| Cash and cash equivalents at 30 June | 204 5961 | 331 0282 | ||
| 1 | Closing balance of cash and cash equivalents is net of bank overdraft of R4.1m. |
| 2 | Closing balance of cash and cash equivalents is net of a bank overdraft of R10.2m |