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ANNUAL FINANCIAL STATEMENTS
138
Tiger Brands Limited Integrated Annual Report
2014
Notes to the cash flow statements
for the year ended 30 September 2014
COMPANY
GROUP
2014
2013
(R’million)
2014
Restated*
2013
A Cash operating profit/(loss)
(12,3)
(35,2)
Operating profit/(loss) before abnormal items:
– Continuing operations
3 556,0
3 082,8
– Discontinued operation
30,8
196,9
Add back:
Amortisation
38,1
47,4
Profit on disposal of property, plant and equipment
1,2
24,5
Provision for post-retirement medical aid
53,2
15,4
Depreciation
679,1
706,8
Share-based payment expenses
105,4
134,2
(11,1)
26,7
Other non-cash items
77,4
103,3
(23,4)
(8,5)
Cash operating profit/(loss)
4 541,2
4 311,3
B Working capital changes
Decrease/(increase) in inventories
64,0
(179,3)
(3,1)
(9,7)
(Increase)/decrease in trade and other receivables
(685,8)
183,8
(8,2)
(13,6)
Increase/(decrease) in trade and other payables
273,8
(341,7)
(11,3)
(23,3)
Working capital changes
(348,0)
(337,2)
C Taxation paid
–
4,0
Amounts (payable)/receivable at the beginning
of the year, net
(108,0)
(123,0)
(42,5)
(25,1)
Income statement charge:
– Continuing operations
(832,4)
(836,6)
– Discontinued operation
(3,4)
(1,4)
(3,7)
(5,3)
Deferred tax
(220,7)
(106,1)
Adjustment for businesses acquired
–
(31,1)
Balances classified as held-for-sale
–
9,9
Exchange rate difference and other non-cash items
3,7
(5,9)
1,8
–
Amounts payable at the end of the year, net
193,5
108,0
(44,4)
(26,4)
Total taxation paid
(967,3)
(986,2)
D Dividends paid
(1 658,7)
(1 621,0)
Per statement of changes in equity
(1 446,5)
(1 416,2)
Dividends paid to outside shareholders
(20,7)
(9,9)
(1 658,7)
(1 621,0)
Total dividends paid
(1 467,2)
(1 426,1)
*
The amounts have been restated due to the adoption of IAS 19R.