PROVISIONAL CONDENSED REVIEWED CONSOLIDATED FINANCIAL STATEMENTS and cash dividend declaration for the year ended 30 September 2020

Condensed consolidated statement of cash flows

For the year ended 30 September 2020

  Reviewed Audited
Rm  2020 2019
EBITDA 547 1 526
Cash paid to settle the Group’s deferred bonus plan (22) -
Non-cash items* 611 (66)
Cash generated from operations before working capital changes 1 136 1 460
Decrease in net working capital 21 318
Cash generated from operations 1 157 1 778
Cash interest and dividends received 41 44
Cash interest paid (75) (50)
Tax paid (145) (403)
Dividends paid (including to outside shareholders in subsidiaries) (727) (817)
Net cash inflow from operating activities 251 552
Net cash outflow from investing activities  (333) (418)
Replacement and expansion of property, plant and equipment and intangible assets (170) (158)
Acquisition of subsidiaries and businesses - (32)
Disposal of subsidiaries and businesses (4) 15
Cash invested in loans receivable (172) (252)
Repayment of other investments and loans receivable 3 -
Other investments and loans granted (1) (1)
Dividend received from joint venture 3 3
Proceeds from disposal of property, plant and equipment  8 7
Net cash outflow from financing activities  (255) (92)
Funds provided by equity holders of Reunert 1 14
Long-term loans raised 2 12
Long-term loans settled - (10)
Shares acquired for equity settled incentive scheme (54) (74)
Contingent consideration paid (15) (16)
Proceeds on disposal of shares to non-controlling interests - 12
Purchase of additional shares in terms of a call option with non-controlling interests (1) (30)
Put option liability settled (131) -
Lease liabilities settled  (57) -
(Decrease)/increase in net cash and cash equivalents
(337) 42
Net cash and cash equivalents at the beginning of the year as reported in the Statement of Financial Position
616 572
Net cash and cash equivalents at the end of the year before translation adjustments
279 614
Cash and cash equivalents  1 029 939
Bank overdrafts and short-term facilities (706) (323)
Bank overdrafts (122) (154)
Short-term facilities (584) (169)
Net cash and cash equivalents at the end of the year as reported in the Statement of Financial Position
323 616
Net exchange translation adjustments to net cash and cash equivalents
(44) (2)
Net cash and cash equivalents at the end of the year before translation adjustments
279 614
* Includes credit write-off of R298 million and expected credit losses of R288 million (2019: R22 million).