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GROUP FIVE
Integrated annual report 2014
FOR THE YEAR ENDED 30 JUNE 2014
Group statement
of cash flow
(R’000)
AUDITED
2014
2013
Restated*
Cash flow from operating activities
Cash from operations before working capital changes
902 847
685 125
Working capital changes
(519 030)
267 215
Cash generated from operations
383 817
952 340
Finance income received
64 363
53 888
Finance costs paid
(66 497)
(55 373)
Taxation paid
(139 462)
(129 104)
Dividends paid
(80 166)
(45 148)
Cash effects of operating activities (discontinued operations)
(11 475)
5 393
Cash effects of operating activities
150 580
781 996
Cash flow from investing activities
Acquisition of property, plant and equipment
(167 409)
(268 083)
Acquisition of investment property, associates and service concessions
(25 154)
(20 207)
Proceeds on disposal of property, plant and equipment
31 800
50 438
Cash effects of investing activities (discontinued operations)
9 648
55 908
Cash effects of investing activities
(151 115)
(181 944)
Cash flow from financing activities
Changes in associates/non-controlling interest/joint ventures
(46 514)
(14 912)
Proceeds on repayment of service concessions loans
22 961
22 433
Long term interest-bearing borrowings raised
–
96 943
Long and short term interest-bearing borrowings repaid
(67 351)
(76 297)
Buy back of shares
–
(30 000)
Net proceeds from share options
6 660
10 207
Cash effects of financing activities (discontinued operations)
(1 150)
(40 174)
Cash effects of financing activities
(85 394)
(31 800)
Effects of exchange rates on cash and cash equivalents
41 069
141 974
Net (decrease)/increase in cash and cash equivalents
(44 860)
710 226
Cash and cash equivalents at beginning of year
2 965 957
2 255 731
Cash and cash equivalents at end of year
2 921 097
2 965 957
Included in cash and cash equivalents per the statement of financial position
2 912 240
2 954 123
Included in non-current assets classified as held for sale
8 857
11 834
2 921 097
2 965 957
* Restated for the adoption of IFRS 11 – Joint Arrangements and IAS 19 (Revised) – Employee Benefits.
FOR THE YEAR ENDED 30 JUNE 2014
Group capital expenditure
and depreciation
(R’000)
AUDITED
2014
2013
Restated*
– Capital expenditure for the year
261 593
343 472
– Capital expenditure committed or authorised for the next year
258 723
308 667
– Depreciation for the year
267 143
242 130
* Restated for the adoption of IFRS 11 – Joint Arrangements and IAS 19 (Revised) – Employee Benefits.