Interim condensed consolidated statement of cash flows

FOR THE SIX MONTHS ENDED 31 JANUARY 2021

Figures in Rand thousand	Notes	Unaudited for the six months to 31 January 2021	Unaudited for the six months to 31 January 2020
Cash flows from operating activities
Cash generated from operations	18	25 953	30 971
Investment income received		9 010	19 829
Interest paid		(127 500)	(185 451)
Taxation paid		(72 042)	(170 541)
Net cash outflow from operating activities		(164 579)	(305 192)
Cash flows from investing activities
Additions to property, plant and equipment	11	(27 357)	(65 952)
Proceeds on the sale of property, plant and equipment and intangible assets		37 865	–
Intangible assets acquired	11	(43 688)	(68 091)
Cash receipts from disposal of businesses, net of cash given up	14	195 871	55 673
Increase in restricted cash		(538 343)	–
Decrease in restricted cash		485 390	–
Cash inflow relating to other financial assets		–	492
Net cash inflow/(outflow) from investing activities		109 738	(77 878)
Cash flows from financing activities
Proceeds from other financial liabilities	16	52 387	–
Repayment of other financial liabilities	16	(472 322)	(99 927)
Principal elements of lease payments		(73 747)	(52 783)
Net cash outflow from financing activities		(493 682)	(152 710)
Net decrease in cash and cash equivalents		(548 523)	(535 780)
Cash and cash equivalents at the beginning of the period		530 584	1 048 583
Assets held for sale at the beginning of the period	13	328 743	310 373
Assets held for sale at the end of the period	13	(107 956)	(307 596)
Exchange gains on cash and cash equivalents		4 477	3 231
Cash and cash equivalents at the end of the period		207 325	518 811
Cash and cash equivalents includes bank overdrafts of R381 million. Refer to note 16.