Condensed consolidated statement of cash flows
| Download (EXCEL) |
| R'million | Audited year ended 30 September 2019 |
Audited year ended 30 September 2018 |
|
| Cash operating profit | 3 401,5 | 3 857,4 | |
|---|---|---|---|
| Working capital changes | 90,7 | (573,2) | |
| Cash generated from operations | 3 492,2 | 3 284,2 | |
| Net finance costs | (21,2) | (79,0) | |
| Dividends received | 282,4 | 178,5 | |
| Taxation paid | (852,0) | (780,6) | |
| Cash available from operations | 2 901,4 | 2 603,1 | |
| Dividends paid | (2 284,5) | (1 854,5) | |
| Net cash inflow from operating activities | 616,9 | 748,6 | |
| Purchase of property, plant and equipment | (1 103,5) | (719,6) | |
| Net cash on disposal of subsidiary | 307,7 | 103,4 | |
| Proceeds on sale of associate investment | 757,9 | – | |
| Proceeds from disposal of property, plant, equipment and intangible assets | 2,4 | 5,6 | |
| Proceeds on insurance claims | – | 11,7 | |
| Purchase of trademark | 2,3 | – | |
| Net cash outflow from investing activities | (33,2) | (598,9) | |
| Net cash inflow before financing activities | 583,7 | 149,7 | |
| Repurchase of Tiger Brands shares | – | (6,5) | |
| Black Managers Trust (BMT) shares exercised | 15,5 | 17,9 | |
| Shares exercised relating to equity-settled scheme | (33,0) | (46,6) | |
| Long-term borrowings (repaid)/raised | (2,7) | 86,3 | |
| Short-term borrowings repaid | (79,8) | (52,9) | |
| Net cash outflow from financing activities | (100,0) | (1,8) | |
| Net increase in cash and cash equivalents | 483,7 | 147,9 | |
| Effect of exchange rate changes on cash and cash equivalents | 8,8 | 35,0 | |
| Cash and cash equivalents at the beginning of the year | 669,2 | 486,3 | |
| Cash and cash equivalents at the end of the year | 1 161,7 | 669,2 | |
| Cash resources | 1 723,9 | 1 581,1 | |
| Short-term borrowings regarded as cash and cash equivalents | (518,5) | (911,9) | |
| Discontinued operation | (43,7) | – | |
| 1 161,7 | 669,2 |