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

Summarised consolidated statement of cash flowsfor the year ended 30 September 2018

R million
Notes Audited
2018
Audited
2017
EBITDA 1 699 1 635
Increase in net working capital (498) (225)
Other net non-cash movements (79) 60
Cash generated from operations 1 122 1 470
Net cash interest income and dividends 20 70
Taxation paid (445) (375)
Dividends paid (including to non-controlling interests) (781) (745)
Net (outflow)/inflow from operating activities (84) 420
Net outflow from investing activities (597) (21)
Capital expenditure (162) (143)
Net inflow arising from disposal of businesses 15
Gross cash flows on acquisition of businesses 10 (228) (241)
Increase in total rental and finance lease receivables (375) (231)
Net other investments and loans (granted)/repaid (3) (2)
Dividends received from joint venture 30
Investments net of other capital proceeds1 171 551
Net outflow from financing activities (85) (386)
Shares issued 15 16
Investment in treasury shares (115) (203)
Net long-term borrowings raised/(repaid) 20 (199)
Shares acquired in terms of retention scheme (2)
Net transactions with non-controlling interests (2)
Exercise of Ryonic put option (1)

(Decrease)/increase in net cash resources

(766) 13

Net cash resources at the beginning of the year

1 325 1 312

Net cash resources at the end of the year

559 1 325
Cash and cash equivalents 765 1 522
Foreign exchange translation adjustments on cash and cash equivalents2 11
Bank overdrafts (126) (138)
Foreign exchange translation adjustments on bank overdrafts2 (24)
Short-term borrowings (67) (59)

Net cash resources at the end of the year

559 1 325
1 This includes R130 million withdrawal from investments in long-dated money market instruments (2017: R540 million).
2 In the prior year, these effects were insignificant.