Notes to the cash flow statements
for the year ended 30 September 2015
| COMPANY |
|
|
|
|
|
GROUP |
| 2015 |
|
2014 |
|
|
(R’million) |
Notes |
|
2015 |
|
2014 |
|
| |
|
|
|
A |
Cash operating profit/(loss) |
|
|
|
|
|
|
| 14,6 |
|
(12,3) |
|
|
Operating profit/(loss) before abnormal items – continuing operations |
|
|
3 653,7 |
|
3 556,0 |
|
| |
|
|
|
|
Operating profit before abnormal items |
|
|
|
|
|
|
| |
|
|
|
|
– Discontinued operation |
|
|
– |
|
30,8 |
|
| |
|
|
|
|
Add back: |
|
|
|
|
|
|
| |
|
|
|
|
Amortisation |
|
|
23,8 |
|
38,1 |
|
| |
|
|
|
|
Loss on disposal of plant, equipment and vehicles |
|
|
4,4 |
|
1,2 |
|
| |
|
|
|
|
Provision for post-retirement medical aid |
|
|
16,7 |
|
53,2 |
|
| |
|
|
|
|
Depreciation |
|
|
662,1 |
|
679,1 |
|
| |
|
|
|
|
Share-based payment expenses |
|
|
29,2 |
|
105,4 |
|
| (9,7) |
|
(11,1) |
|
|
Other non-cash items |
|
|
27,0 |
|
77,4 |
|
| 4,9 |
|
(23,4) |
|
|
Cash operating profit |
|
|
4 416,9 |
|
4 541,2 |
|
| |
|
|
|
B |
Working capital changes |
|
|
|
|
|
|
| |
|
|
|
|
(Increase)/decrease in inventories |
|
|
(917,9) |
|
64,0 |
|
| 8,4 |
|
(3,1) |
|
|
(Increase)/decrease in trade and other receivables |
|
|
(77,4) |
|
(685,8) |
|
| 0,3 |
|
(8,2) |
|
|
Increase/(decrease) in trade and other payables |
|
|
183,7 |
|
273,8 |
|
| 8,7 |
|
(11,3) |
|
|
Working capital changes |
|
|
(811,6) |
|
(348,0) |
|
| |
|
|
|
C |
Taxation paid |
|
|
|
|
|
|
| (1,8) |
|
– |
|
|
Amounts payable at the beginning of the year, net |
|
|
(193,5) |
|
(108,0) |
|
| (42,5) |
|
(42,5) |
|
|
Income statement charge – continuing operations |
|
|
(1 208,2) |
|
(832,4) |
|
| |
|
|
|
|
Income statement charge – discontinued operation |
|
|
– |
|
(3,4) |
|
| (8,1) |
|
(3,7) |
|
|
Deferred tax |
|
|
201,0 |
|
(220,7) |
|
| |
|
|
|
|
Exchange rate difference and other non-cash items |
|
|
3,0 |
|
3,7 |
|
| – |
|
1,8 |
|
|
Amounts payable at the end of the year, net |
|
|
38,9 |
|
193,5 |
|
| (52,4) |
|
(44,4) |
|
|
Total taxation paid |
|
|
(1 158,8) |
|
(967,3) |
|
| |
|
|
|
D |
Dividends paid |
|
|
|
|
|
|
| (1 785,6) |
|
(1 658,7) |
|
|
Per statement of changes in equity |
|
|
(1 574,6) |
|
(1 446,5) |
|
| |
|
|
|
|
Dividends paid to outside shareholders |
|
|
(68,4) |
|
(20,7) |
|
| (1 785,6) |
|
(1 658,7) |
|
|
Total dividends paid |
|
|
(1 643,0) |
|
(1 467,2) |
|
| |
|
|
|
E |
Purchase of property, plant, equipment |
|
|
|
|
|
|
| |
|
|
|
|
Expansion |
|
|
(203,8) |
|
(427,7) |
|
| |
|
|
|
|
Replacement |
|
|
(677,8) |
|
(555,2) |
|
| |
|
|
|
|
|
|
|
(881,6) |
|
(982,9) |
|
| |
|
|
|
F |
Increase in shareholder funding |
|
|
|
|
|
|
| 9,1 |
|
22,1 |
|
|
Proceeds from issue of share capital |
|
|
9,1 |
|
22,1 |
|
| 9,1 |
|
22,1 |
|
|
|
|
|
9,1 |
|
22,1 |
|
| |
|
|
|
G |
Cash and cash equivalents at the beginning of the year |
|
|
|
|
|
|
| 270,0 |
|
64,8 |
|
|
Cash resources |
|
|
1 160,3 |
|
632,9 |
|
| – |
|
– |
|
|
Short-term borrowings regarded as cash and cash equivalents |
|
|
(3 086,2) |
|
(2 726,8) |
|
| 270,0 |
|
64,8 |
|
|
|
|
|
(1 925,9) |
|
(2 093,9) |
|
| |
|
|
|
H |
Cash and cash equivalents at the end of the year |
|
|
|
|
|
|
| 127,1 |
|
270,0 |
|
|
Cash resources |
|
|
1 051,6 |
|
1 160,3 |
|
| – |
|
– |
|
|
Short-term borrowings regarded as cash and cash equivalents |
|
|
(3 178,4) |
|
(3 086,2) |
|
| 127,1 |
|
270,0 |
|
|
|
|
|
(2 126,8) |
|
(1 925,9) |
|
