Summarised consolidated statement of cash flows
Download Excel| Year ended 30 June 2020 |
Year ended 30 June 2019 |
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|---|---|---|---|---|---|---|---|
| R000s | Audited |
Restated Audited |
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| 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 |