consolidated statement of cash flows
for the year ended 30 June
| Notes | 2018 R’000 |
2017 R’000 |
|||||
| Cash flows from operating activities | 4 968 427 | 2 816 458 | |||||
|---|---|---|---|---|---|---|---|
| Cash generated by operations | 8 | 9 367 686 | 6 879 769 | ||||
| Finance income | 158 709 | 232 069 | |||||
| Finance charges | 9 | (1 197 508) | (1 262 484) | ||||
| Taxation paid | 10 | (1 297 155) | (1 373 927) | ||||
| Distributions to shareholders | 11 | (2 063 305) | (1 658 969) | ||||
| Cash effects of investment activities | (5 872 506) | (1 621 011) | |||||
| Proceeds on disposal of investments | 390 009 | 935 776 | |||||
| Investments acquired | (431 933) | (466 306) | |||||
| Additions to property, plant and equipment | (2 554 217) | (2 363 499) | |||||
| Additions to vehicle rental fleet | (1 035 398) | (1 560 241) | |||||
| Additions to intangible assets | (123 754) | (159 421) | |||||
| Proceeds on disposal of property, plant and equipment | 349 864 | 468 242 | |||||
| Proceeds on disposal of vehicle rental fleet | 1 108 643 | 1 667 640 | |||||
| Proceeds on disposal of intangible assets | 21 710 | 18 355 | |||||
| Acquisition of businesses, subsidiaries and associates | 12 | (3 272 999) | (203 496) | ||||
| Proceeds on disposal of interests in subsidiaries and associates, and disposal and closure of businesses | 13 | (324 431) | 41 939 | ||||
| Cash effects of financing activities | 671 239 | (21 223) | |||||
| Proceeds from issue of shares (net of costs) | 418 028 | – | |||||
| Sale of treasury shares | – | 274 229 | |||||
| Borrowings raised | 3 669 023 | 2 902 588 | |||||
| Borrowings repaid | (3 415 812) | (3 198 040) | |||||
| Net (decrease) increase in cash and cash equivalents | (232 840) | 1 174 224 | |||||
| Cash and cash equivalents at beginning of year | 3 886 417 | 2 706 226 | |||||
| Cash and cash equivalents of the Bidvest Education Trust | 23 094 | – | |||||
| Cash and cash equivalents of the disposal group held for sale | (122 651) | – | |||||
| Effects of exchange rate fluctuations on cash and cash equivalents | (39 622) | 5 967 | |||||
| Cash and cash equivalents at end of year | 3 514 398 | 3 886 417 | |||||
| Cash and cash equivalents comprise | |||||||
| Cash and cash equivalents | 24 | 6 168 293 | 5 132 550 | ||||
| Bank overdrafts included in short-term portion of borrowings | 29 | (2 653 895) | (1 246 133) | ||||
| 3 514 398 | 3 886 417 | ||||||