Summarised consolidated statement of cash flows
for the year ended 30 June 2018
View as excel [XLS - 34KB]
| R’000 | 2018 Audited |
2017 Audited |
|||||
| Cash flows from operating activities | 4 968 427 | 2 816 458 | |||||
|---|---|---|---|---|---|---|---|
| Operating profit | 5 919 211 | 6 877 150 | |||||
| Dividends from associates | 206 725 | 114 494 | |||||
| Acquisition costs | 50 190 | 24 230 | |||||
| Depreciation and amortisation | 1 680 638 | 1 641 568 | |||||
| Remeasurement to recoverable fair value of associates | 248 709 | (1 144 633) | |||||
| Other cash and non-cash items | (261 045) | (265 154) | |||||
| Cash generated by operations before changes in working capital | 7 844 428 | 7 247 655 | |||||
| Changes in working capital | 1 523 258 | (367 886) | |||||
| Cash generated by operations | 9 367 686 | 6 879 769 | |||||
| Net finance charges paid | (1 038 799) | (1 030 415) | |||||
| Taxation paid | (1 297 155) | (1 373 927) | |||||
| Dividends paid by the Company | (1 740 197) | (1 529 585) | |||||
| Dividends paid by subsidiaries | (323 108) | (129 384) | |||||
| – Non-controlling shareholders | (319 984) | (129 384) | |||||
| – Put-call option holders | (3 124) | – | |||||
| Cash effects of investment activities | (5 872 506) | (1 621 011) | |||||
| Net disposals of vehicle rental fleet | 73 245 | 107 399 | |||||
| Net additions to property, plant and equipment | (2 204 353) | (1 895 257) | |||||
| Net additions to intangible assets | (102 044) | (141 066) | |||||
| Acquisition of subsidiaries, businesses, associates and investments | (3 704 932) | (669 803) | |||||
| Disposal of subsidiaries, businesses, associates and investments | 65 578 | 977 716 | |||||
| Cash effects of financing activities | 671 239 | (21 223) | |||||
| Proceeds from shares issued (net of costs) | 418 028 | – | |||||
| Disposal of treasury shares | – | 274 229 | |||||
| Borrowings raised | 3 669 023 | 2 902 588 | |||||
| Borrowings repaid | (3 415 812) | (3 198 040) | |||||
| Net (decrease)/increase in cash and cash equivalents | (232 840) | 1 174 224 | |||||
| Net cash and cash equivalents at the beginning of the year | 3 886 417 | 2 706 226 | |||||
| Net cash and cash equivalents arising on consolidation of the Bidvest Education Trust | 23 094 | – | |||||
| Net cash and cash equivalents of disposal groups held for sale | (122 651) | – | |||||
| Exchange rate adjustment | (39 622) | 5 967 | |||||
| Net cash and cash equivalents at end of the year | 3 514 398 | 3 886 417 | |||||
| Net cash and cash equivalents comprise: | |||||||
| Cash and cash equivalents | 6 168 293 | 5 132 550 | |||||
| Bank overdrafts included in short-term portion of interest-bearing borrowings | (2 653 895) | (1 246 133) | |||||
| 3 514 398 | 3 886 417 | ||||||