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

Condensed consolidated statement of cash flowsfor the year ended 30 September 2017

       
R million
Notes Reviewed
2017
Audited
2016
EBITDA 1 635 1 433
Increase in net working capital (225) (396)
Other net non-cash movements 60 50
Cash generated from operations 1 470 1 087
Net interest income and dividends 70 137
Taxation paid (375) (431)
Dividends paid (including to non-controlling interests) (745) (690)
Net inflow from operating activities 420 103
Net outflow from investing activities (21) (1 205)
Capital expenditure (143) (222)
Net inflow arising from disposal of businesses 15
Gross cashflows on acquisition of businesses* 10 (241) (462)
(Increase)/decrease in total rental and finance lease receivables (231) 14
Net other investments and loans (granted)/repaid (2) 43
Proceeds from investment in insurance cell captive 48
Dividends received from joint venture 30 35
Investments net of other capital proceeds** 551 (638)
Other (23)
Net outflow from financing activities (386) (222)
Shares issued 16 25
Investment in treasury shares (203) (28)
Net long-term borrowings repaid (199) (181)
Equity transactions with non-controlling interests (40)
Other 2
Increase/(decrease) in net cash resources 13 (1 324)
Net cash resources at the beginning of the year 1 312 2 636
Net cash resources at the end of the year 1 325 1 312
Cash and cash equivalents 1 522 1 712
Bank overdrafts (138) (327)
Short-term borrowings (59) (73)
Net cash resources at the end of the year 1 325 1 312
* Including debt assumed of R23 million (2016: R282 million).
** This includes R540 million withdrawal from investments in long-dated money market instruments (2016: Investments made R670 million).