Consolidated statement of cash flows

for the year ended 30 June

Notes     2020 
R'000 
2019 
Restated 
R'000 
  
Cash flows from operating activities  4 258 631  2 580 285    
Cash generated by operations  8     9 179 707  6 644 021    
Finance income  10     63 688  238 152    
Finance charges  10     (1 495 743) (1 154 860)   
Taxation paid  11     (1 454 118) (1 420 857)   
Distributions to shareholders  12     (2 267 564) (2 019 277)   
Net operating cash flows from discontinued operations  5     232 661  293 106    
Cash flows from of investment activities  (3 319 199) (3 281 913)   
Amounts advanced to associates  (58 632) (52 500)   
Proceeds on disposal of investments  3 964 433  1 027 405    
Investments acquired  (4 258 585) (856 027)   
Additions to property, plant and equipment  (2 019 560) (2 497 505)   
Additions to intangible assets  (190 109) (151 267)   
Proceeds on disposal of property, plant and equipment  341 509  318 603    
Proceeds on disposal of intangible assets  48 699  4 873    
Cash and cash equivalents arising on consolidation of Adcock Ingram  28     467 913  –    
Acquisition of businesses, subsidiaries and associates  13     (1 011 785) (1 344 920)   
Proceeds on disposal of interests in subsidiaries and associates, and disposal and closure of businesses  14     49 934  545 878    
Net investing activities from discontinued operations  5     (653 016) (276 453)   
Cash flows from financing activities  2 041 278  (766 609)   
Part held subsidiary share buy-back from non-controlling interests  (154 056) –    
Transactions with non-controlling interests  (200 650) (757 645)   
Repayment of lease liabilities  35     (1 017 544) –    
Settlement of puttable non-controlling interest liabilities  33     (57 050) (16 500)   
Borrowings raised  9     19 954 763  3 124 004    
Borrowings repaid  9     (16 774 408) (3 116 468)   
Net financing activities from discontinued operations  5     290 223  –    
Net decrease in cash and cash equivalents  2 980 710  (1 468 237)   
Cash and cash equivalents at beginning of year  2 034 523  3 514 398    
Effects of exchange rate fluctuations on cash and cash equivalents  328 632  (11 638)   
Cash and cash equivalents at end of year  5 343 865  2 034 523    
Cash and cash equivalents comprise 
Cash and cash equivalents –continuing operations  26     10 412 475  6 617 075    
Cash and cash equivalents – discontinued operations  5     (746 561) –    
Bank overdrafts included in short-term portion of borrowings  9     (4 322 049) (4 582 552)   
5 343 865  2 034 523