SUMMARISED CONSOLIDATED STATEMENT OF CASH FLOWS
for the year ended 31 March
| Download (EXCEL) |
| 2019 R'm |
2018 R'm |
|||
| Cash flows from operating activities | ||||
| Cash generated from operating activities | 9 449 | 7 243 | ||
|---|---|---|---|---|
| Interest income received | 368 | 582 | ||
| Interest costs paid | (673) | (734) | ||
| Taxation paid | (3 694) | (3 664) | ||
| Net cash generated from operating activities | 5 450 | 3 427 | ||
| Cash flows from investing activities | ||||
| Property, plant and equipment acquired – net | (761) | (543) | ||
| Intangible assets acquired – net | (217) | (216) | ||
| Loans to related parties* | (27 726) | (27 937) | ||
| Repayment of loans by related parties* | 28 590 | 27 510 | ||
| Acquisitions of subsidiaries and businesses, net of cash acquired | (8) | (114) | ||
| Disposals of subsidiaries and businesses | – | 141 | ||
| Net cash utilised in investing activities | (122) | (1 159) | ||
| Cash flows from financing activities | ||||
| Proceeds from long- and short-term loans raised | 1 755 | 1 541 | ||
| Repayments of long- and short-term loans | (1 813) | (1 509) | ||
| Proceeds from related party funding** | 4 573 | 6 607 | ||
| Repayment of related party funding** | (196) | (3 207) | ||
| Repayments of capitalised finance lease liabilities | (879) | (776) | ||
| Repayments of capital contribution from parent | (20) | (26) | ||
| Transactions with non-controlling interest*** | (85) | – | ||
| Dividends paid**** | (5 261) | (5 336) | ||
| Dividends paid by subsidiaries to non-controlling shareholders | (1 463) | (1 421) | ||
| Net cash utilised in financing activities | (3 389) | (4 127) | ||
| Net movement in cash and cash equivalents | 1 939 | (1 859) | ||
| Foreign exchange translation adjustments on cash and cash | ||||
| equivalents | 740 | (642) | ||
| Cash and cash equivalents at the beginning of the year | 4 044 | 6 545 | ||
| Cash and cash equivalents at the end of the year | 6 723 | 4 044 |
| * | Relates to gross inflows and outflows into the Naspers Limited group cash pool which was started at the end of FY2017 to improve cash yield in the group. The cash pool with Naspers Limited ended in February 2019. | |
| ** | Relates to the gross funding inflows and outflows received from Naspers Limited up until February 2019. | |
| *** | During the year ended 31 March 2019, MultiChoice Africa Holdings B.V. increased their controlling interest in MultiChoice Uganda Limited and MultiChoice Tanzania Limited by 20% and 25% respectively for a purchase consideration of R85m. | |
| **** | Relates to dividends paid by companies in the group to previous legal owners. |
