Unaudited Interim Financial Report and Cash Dividend Declaration for the 6 months ended 31 March 2016

Summarised consolidated statement of cash flowsfor the six months ended 31 March 2017

   
Six months ended 31 March
Year ended
30 September
R million
Notes
2017
(Unaudited)
2016
(Unaudited)
2016
(Audited)
EBITDA   681 622 1 433
(Increase)/decrease in net working capital   (55) (235) (396)
Other net non-cash movements   11 28 50
Cash generated from operations   637 415 1 087
Net interest and dividends   44 70 137
Taxation paid   (206) (231) (431)
Dividends paid (including to non-controlling interests)   (540) (502) (690)
Net (outflows)/inflows from operating activities   (65) (248) 103
Net inflow/(outflow) from investing activities   49 (90) (1 205)
Capital expenditure   (49) (74) (222)
Net inflow arising from disposal of businesses   # 27
Net outflow arising from acquisition of businesses 11 (242) (13) (462)
Movement in total rental and finance lease receivables   (77) (48) 14
Non-current loans repaid   4 6 43
Proceeds from investment in insurance cell captive   48
Dividends received from joint venture   10 35
Investments net of other capital items*   413 (638)
Other   2 (23)
Net (outflow)/inflow from financing activities   (133) 13 (222)
Shares issued   13 19 25
Investment in treasury shares   (112) (28)
Net long-term borrowings repaid   (34) (5) (181)
Equity transactions with non-controlling interests   (40)
Other   (1) 2
         
Decrease in net cash resources   (149) (325) (1 324)
Net cash resources at the beginning of the period   1 312 2 636 2 636
Net cash resources at the end of the period   1 163 2 311 1 312
Cash and cash equivalents   1 562 2 355 1 712
Bank overdrafts   (325) (327)
Short-term borrowings   (74) (44) (73)
Net cash resources at the end of the period   1 163 2 311 1 312
* This includes R400 million movement in investments in long-dated money market instruments
(2016: Rnil) (September 2016: R670 million).
# Nil due to rounding.