Group condensed statement of cash flows

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  Six months ended
30 June 2015
Reviewed
R’000
  Six months ended
30 June 2014
Reviewed
R’000
 
Profit before taxation 178 271   319 838  
Interest paid 37 836   27 270  
Interest received (755)   (630)  
Depreciation and impairment 120 538   84 619  
Adjusted for non-cash items 2 685   (1 409)  
Adjusted for working capital changes (65 498)   (119 149)  
Cash flows from operations 273 077   310 539  
Interest paid (13 301)   (15 884)  
Interest received 548   421  
Tax paid (8 973)   (30 028)  
Cash flows from operating activities 251 351   265 048  
Cash flows from investing activities (126 824)   (242 386)  
Proceeds on disposal of property, plant and equipment   4 695  
Acquisition of property, plant and equipment - expansionary (22 934)   (152 525)  
Acquisition of property, plant and equipment - sustaining (103 890)   (94 556)  
Cash flows from financing activities (30 186)   9 524  
Proceeds from issue of shares   1 100  
Vesting and payment of share grants (2 150)   (1 868)  
Dividends paid (20 085)    
(Repayment)/increase in borrowings (7 951)   10 292  
Net increase in cash and cash equivalents 94 341   32 186  
Cash and cash equivalents at the beginning of the period (162 468)   (10 746)  
Effect of exchange rate fluctuations on cash held (1 726)   (2 000)  
Cash and cash equivalents at the end of the period (69 853)   19 440