Summarised consolidated statement of cash flows for the year ended 30 June

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R000s 		   2022 
Audited 		 2021 
Audited 		  
Cash flows from operating activities    5 587 689  9 743 709   
   Profit before finance charges and associate income    9 270 943  7 160 141   
   Dividends from associates    86 718  97 767   
   Acquisition costs    58 517  33 509   
   Depreciation and amortisation    3 590 849  3 639 341   
   Share-based payment expense    288 460  224 666   
   Shares acquired by staff in settlement of share incentive scheme obligations    (215 104) (128 732)  
   Impairments of associates    –  77 448   
   Impairment of goodwill and intangibles    21 454  44 395   
   Impairment of PPE and right-of-use assets    (4 109) 36 026   
   Fair value adjustment to investments    (34 127) 68 384   
   (Profit)/loss on disposal of interests in subsidiaries and associates, and disposal and closure of businesses   (172 750) 64 722   
   Decrease in life assurance fund    (62 300) (70 584)  
   Remeasurement of post-retirement obligations    (7 002) (6 938)  
   Other non-cash items    13 148  10 587   
   Cash generated by operations before changes in working capital    12 834 697  11 250 732   
   Changes in working capital    (1 369 048) 2 394 336   
     (Increase)/decrease in inventories    (1 215 160)  918 156  
     Increase in trade receivables    (2 390 372) (436 212)  
     Decrease in banking and other advances    431 477  198 852   
     Increase in trade and other payables and provisions    2 137 895  1 373 632   
     (Decrease)/increase in amounts owed to bank depositors    (332 887) 339 908   
   Cash generated by operations    11 465 650  13 645 068   
   Net finance charges paid    (1 388 364) (1 411 645)  
   Taxation paid    (1 989 508) (1 814 274)  
   Dividends paid by the Company    (2 345 225) (985 674)  
   Dividends paid by subsidiaries    (154 863) (83 059)  
     – Non-controlling shareholders    (150 310)  (80 024)  
     – Put-call option holders    (4 553) (3 035)  
   Net operating cash flows from discontinued operations    –  393 293   
Cash flows from investment activities    (2 948 296) (1 786 944)  
   Net additions to property, plant and equipment    (2 670 521) (1 916 901)  
   Net additions to intangible assets    (331 633) (324 156)  
   Acquisition of subsidiaries, businesses, associates and investments    (2 966 468) (3 935 212)  
   Disposal of subsidiaries, businesses, associates and investments    3 020 326  2 949 139   
   Net investing cash flows from discontinued operations    –  1 440 186   
Cash flows from financing activities    2 029 927  (7 083 290)  
   Repayment of lease liabilities    (1 251 802) (1 294 769)  
   Settlement of puttable non-controlling interest liability    (39 299) –   
   Transactions with non-controlling interests    (1 557) (481 410)  
   Borrowings raised    20 492 288  5 424 273   
   Borrowings repaid    (17 169 703) (10 372 402)  
   Net financing cash flows from discontinued operations    –  (358 982)  
Net increase in cash and cash equivalents    4 669 320  873 475   
Net cash and cash equivalents at the beginning of the year    5 818 129  5 343 865   
Exchange rate adjustment    (10 761) (399 211)  
Net cash and cash equivalents at end of the year    10 476 688  5 818 129   
Net cash and cash equivalents comprise:         
   Cash and cash equivalents – continuing operations    11 521 461  7 438 073   
   Bank overdrafts included in short-term portion of interest bearing borrowings    (1 044 773) (1 619 944)  
       10 476 688  5 818 129