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Tiger Brands Limited Integrated Annual Report
2014
Annual financial statements
Statements of cash flows
for the year ended 30 September 2014
COMPANY
GROUP
2014
2013
(R’million)
Notes
2014
Restated*
2013
(23,4)
(8,5) Cash operating profit/(loss)
A
4 541,2
4 311,3
(11,3)
(23,3) Working capital changes
B
(348,0)
(337,2)
(34,7)
(31,8)
Cash generated from/(utilised by) operations
4 193,2
3 974,1
144,3
133,2 Interest received and income from investments
27,8
37,6
(16,9)
(14,6) Finance costs
(434,0)
(447,0)
1 690,3
2 981,3
Dividends received from associate companies
and subsidiaries
287,2
300,8
158,9
146,4 Dividends received from empowerment entities
(44,4)
(26,4) Taxation paid
C
(967,3)
(986,2)
1 897,5
3 188,1 Cash available from operations
3 106,9
2 879,3
(1 658,7)
(1 621,0) Dividends paid
D
(1 467,2)
(1 426,1)
238,8
1 567,1
Net cash inflow from operating activities
1 639,7
1 453,2
Purchase of property, plant, equipment
and intangibles
E
(982,9)
(727,6)
Proceeds from disposal of property, plant,
equipment and intangible assets
26,0
31,1
–
(1 512,6) Cash cost of businesses acquired
F
–
(1 545,0)
Proceeds from disposal of subsidiary
496,4
–
Purchase of intangible assets
–
(485,0)
Proceeds received on insurance claims
43,2
–
Proceeds received on repayment of loans
2,5
1,1
(74,1)
(309,4) Investments acquired
–
(556,4)
53,0
(90,1)
Decrease/(increase) in loans to subsidiaries,
associates and others
–
–
(21,1)
(1 912,1)
Net cash (outflow)/inflow from investing activities
(414,8)
(3 281,8)
217,7
(345,0) Net cash inflow/(outflow) before financing activities
1 224,9
(1 828,6)
22,1
17,8 Proceeds from issue of share capital
G
22,1
17,8
–
– Acquisition of minorities shareholding in DFM
(74,1)
–
(35,2)
(2,2) Long and short-term borrowings (repaid)/raised
(1 056,5)
407,7
(13,1)
15,6
Net cash (outflow)/inflow from financing activities
(1 108,5)
425,5
204,6
(329,4)
Net increase/(decrease) in cash and
cash equivalents
116,4
(1 403,1)
–
–
Cash and cash equivalents transferred to
assets held-for-sale
–
(20,4)
0,6
2,6
Effect of exchange rate changes on cash and
cash equivalents
51,6
64,6
64,8
391,6
Cash and cash equivalents at the beginning of
the year
H
(2 093,9)
(735,0)
270,0
64,8
Cash and cash equivalents at the end of the year
I
(1 925,9)
(2 093,9)
*
The amounts have been restated due to the adoption of IAS 19R.