Condensed consolidated statement of cash flows
| Download (EXCEL) |
| For the six months ended | ||||
| 30 June 2021 Unaudited R'000 |
30 June 2020 Unaudited R'000 |
|||
| Profit/(loss) before taxation | 803 572 | (1 279 406) | ||
|---|---|---|---|---|
| Finance expense | 981 | 835 | ||
| Finance income | (3 743) | (4 976) | ||
| Depreciation, amortisation and impairment | 18 717 | 1 440 858 | ||
| Provision | 14 346 | 5 567 | ||
| 2 538 | (1 320) | |||
| Share grants exercised | (1 132) | (582) | ||
| Adjusted for working capital changes | (91 590) | 12 079 | ||
| Movement in |
– | (434) | ||
| Profit on sale of property, plant and equipment | (53) | – | ||
| Share of profit from associate | (719) | – | ||
| 6 | 3 803 | |||
| Effect of exchange rate fluctuation | (70 686) | 15 114 | ||
| Embedded derivative expense | (29 980) | (31 646) | ||
| Cash generated from operating activities | 642 257 | 159 891 | ||
| Finance expense paid | (370) | (803) | ||
| Finance income received | 3 233 | 4 710 | ||
| Taxation paid | (10 421) | – | ||
| Net cash from operating activities | 634 699 | 163 798 | ||
| Acquisition of property, plant and equipment – sustaining | (175 999) | (95 883) | ||
| Acquisition of property, plant and equipment – expansionary | (1 787) | (6 172) | ||
| Proceeds on disposal of property, plant and equipment | 53 | – | ||
| Acquisition of Unicorn Chrome | – | (34 543) | ||
| Net cash utilised in investing activities | (177 733) | (136 598) | ||
| Payment for repurchase of shares | (5 775) | – | ||
| Costs incurred for the repurchase of shares | (32) | – | ||
| Dividends paid | – | (100 428) | ||
| Lease liability repaid | (2 017) | (2 501) | ||
| Net cash utilised in financing activities | (7 824) | (102 929) | ||
| Net increase/(decrease) in cash and cash equivalents | 449 142 | (75 729) | ||
| Cash and cash equivalents at the beginning of the period | 277 629 | 354 181 | ||
| Effect of foreign exchange rate changes on cash balances | 70 686 | (15 114) | ||
| Cash and cash equivalents at 30 June | 797 457 | 263 3381 | ||
| 1 | Closing balance of cash and cash equivalents is net of a bank overdraft of R1.7m. |