Summarised consolidated statement of cash flows
FOR THE YEAR ENDED 31 JULY 2021
| Figures in Rand thousand | Notes | 2021 | 2020 | ||
|---|---|---|---|---|---|
| Cash generated from operations | 19 | 404 942 | 706 735 | ||
| Investment income received | 13 280 | 40 283 | |||
| Dividends received from equity-accounted investments | 1 200 | – | |||
| Interest paid | (229 207) | (380 165) | |||
| Taxation paid | (109 918) | (211 419) | |||
| Net cash inflow from operating activities | 80 297 | 155 434 | |||
| Cash flows from investing activities | |||||
| Additions to property, plant and equipment | (50 524) | (175 643) | |||
| Proceeds on the sale of property, plant, equipment and intangible assets | 55 943 | 127 659 | |||
| Intangible assets acquired | (79 314) | (187 172) | |||
| Cash receipt from disposal of businesses, net of cash given up | 15 | 212 936 | 164 625 | ||
| Cash inflow relating to other financial assets | – | 2 088 | |||
| Cash outflow relating to other financial assets | – | (9 978) | |||
| Increase in restricted cash | (547 516) | (485 824) | |||
| Decrease in restricted cash | 623 019 | 398 804 | |||
| Net cash inflow/(outflow) from investing activities | 214 544 | (165 441) | |||
| Cash flows from financing activities | |||||
| Dividends paid to non-controlling interests | (1 222) | (3 743) | |||
| Proceeds from other financial liabilities | 17 | 52 387 | – | ||
| Repayment of other financial liabilities | 17 | (527 358) | (396 414) | ||
| Principal elements of lease payments | (137 205) | (94 894) | |||
| Net cash outflow from financing activities | (613 398) | (495 051) | |||
| Net decrease in cash and cash equivalents | (318 557) | (505 058) | |||
| Cash and cash equivalents at the beginning of the year | 530 584 | 1 048 583 | |||
| Assets held for sale at the beginning of the year | 14 | 328 743 | 310 373 | ||
| Assets held for sale at the end of the year | 14 | (88 444) | (328 743) | ||
| Exchange (losses)/gains on cash and cash equivalents | (15 089) | 5 429 | |||
| Cash and cash equivalents at the end of the year | 437 237 | 530 584 |