Summarised consolidated statement of cash flows

     Year ended
30 June
2020 
    Year ended 
30 June 
2019 
   
R000s      Audited       Restated 
Audited 
   
Cash flows from operating activities      4 258 631      2 580 285     
Profit before finance charges and associated income     2 818 830      5 625 582     
Dividends from associates     123 910      155 889     
Acquisition costs     178 179      22 940     
Depreciation and amortisation     2 947 695      1 513 700     
Share-based payment expense     216 348      188 840     
Impairments of associates     523 279      623 941     
Impairment of goodwill and intangibles     818 974      1 648     
Impairment of property, plant and equipment and right-of-use assets     367 608      9 580     
Fair value adjustment to investments     108 598      (229 935)    
Other non-cash items     201 858      14 305     
Cash generated by operations before changes in working capital     8 305 279      7 926 490     
Changes in working capital     874 428      (1 282 470)    
(Increase) decrease in inventories     (740 413)     45 211     
Decrease (increase) in trade receivables     2 623 679      (273 473)    
Increase in banking and other advances     (449 541)     (764 085)    
Decrease in trade and other payables and provisions     (1 438 571)     (1 076 471)    
Increase in amounts owed to bank depositors     879 274      786 348     
               
Cash generated by operations     9 179 707      6 644 020     
Net finance charges paid     (1 432 054)     (916 707)    
Taxation paid     (1 454 119)     (1 420 857)    
Dividends paid by the Company     (2 033 951)     (1 964 229)    
Dividends paid by subsidiaries     (233 613)     (55 048)    
– Non-controlling shareholders     (229 818)     (51 207)    
– Put-call option holders     (3 795)     (3 841)    
Net operating cash flows from discontinued operations     232 661      293 106     
Cash flows from investment activities      (3 319 199)     (3 281 913)    
               
Net additions to property, plant and equipment     (1 678 051)     (2 178 902)    
Net additions to intangible assets     (141 409)     (146 394)    
Net cash and cash equivalents arising on consolidation of Adcock Ingram     467 913           
Acquisition of subsidiaries, businesses, associates and investments     (5 329 003)     (2 253 448)    
Disposal of subsidiaries, businesses, associates and investments     4 014 367      1 573 284     
Net investing activities from discontinued operations     (653 016)     (276 453)    
               
Cash flows from financing activities      2 041 278      (766 609)    
               
Repayment of lease liabilities     (1 017 544)          
Settlement of puttable non-controlling interest liability     (57 050)     (16 500)    
Transactions with non-controlling interests     (200 650)     (757 645)    
Part held subsidiary share buy-back from non-controlling interest     (154 056)          
Borrowings raised     19 954 763      3 124 004     
Borrowings repaid     (16 774 408)     (3 116 468)    
Net financing activities from discontinued operations     290 223           
               
Net increase (decrease) in cash and cash equivalents     2 980 710      (1 468 237)    
Net cash and cash equivalents at the beginning of the year     2 034 523      3 514 398     
Exchange rate adjustment     328 632      (11 638)    
Net cash and cash equivalents at end of the year     5 343 865      2 034 523     
Net cash and cash equivalents comprise:               
Cash and cash equivalents – continuing operations     10 412 475      6 617 075     
Cash and cash equivalents – discontinued operations     (746 561)          
Bank overdrafts included in short-term portion of interest-bearing borrowings     (4 322 049)     (4 582 552)    
     5 343 865      2 034 523