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

Summarised consolidated statement of cash flows For the year ended 30 september 2019

R million
Notes Audited
2019
Audited
2018
EBITDA 1 526 1 699
Non-cash items (66) (79)
Cash generated from operations before working capital changes 1 460 1 620
Decrease/(increase) in net working capital 318 (498)
Cash generated from operations 1 778 1 122
Net cash interest (expense)/income (6) 20
Taxation paid (403) (445)
Dividends paid (including to non-controlling interests) (817) (781)
Net cash inflow/(outflow) from operating activities 552 (84)
Net outflow from investing activities (418) (597)
Capital expenditure (158) (162)
Cash flows on acquisition of businesses 11 (32) (228)
Cash flows on disposal of business 12 15
Increase in finance leases and loans receivable (252) (375)
Net other investments made and loans advanced (1) (3)
Dividend received from joint venture 3
Proceeds from disposal of property, plant and equipment and realisation of investments1 7 171
Net outflow from financing activities (92) (85)
Shares issued 14 15
Investment in treasury shares (115)
Net long-term loans raised 2 20
Shares acquired in terms of the CSP (74) (2)
Contingent consideration paid (16)
Net transactions with non-controlling interests (18) (2)
Exercise of Ryonic put option (1)
Increase/(decrease) in net cash and cash equivalents
42 (766)
Net cash and cash equivalents at the beginning of the year as reported in the Statement of Financial Position
572 1 325
Net cash and cash equivalents at the end of the year before translation adjustments
614 559
Cash and cash equivalents 939 765
Bank overdrafts and short-term facilities (323) (193)
Bank overdrafts (154) (126)
Short-term facilities (169) (67)
Net cash and cash equivalents at the end of the year as reported in the Statement of Financial Position
616 572
Net exchange translation adjustments to net cash and cash equivalents
(2) (13)
Net cash and cash equivalents at the end of the year before translation adjustments
614 559
1 In the prior year, this includes R130 million withdrawal from investments in long-dated money market instruments.