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 |