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

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 31 MARCH 2020

   
  Six months ended 31 March  
R million
2020 
(Unaudited)
2019 
(Unaudited)
Year ended 
30 September  2019 
 (Audited)
EBITDA 493  698  1 526
Payment to participants in the group's Deferred Bonus Plan (22)  -  -
Non-cash items 100  55  (66)
Cash generated from operations before working capital changes 571  753  1 460
(Increase)/decrease in net working capital  (74)  93  318
Cash generated from operations 497  846  1 778
Net interest (paid)/received (14)  1  (6)
Taxation paid (118)  (205)  (403)
Dividends paid (including to non-controlling interests) (620)  (606)  (817)
Net cash (outflow)/inflow from operating activities (255)  36  552
Net cash outflow from investing activities   (231) (131) (418)
Capital expenditure (66)  (59)  (158)
Acquisition of businesses -  -    (32)
Disposal of business -  15  15
Increase in finance leases and loans receivable (169)  (82)  (252)
Net other investments made and loans advanced (6)  1  (1)
Dividend received from joint venture 3  -    3
Proceeds from disposal of property, plant and equipment and realisation of investments  7 (6) 7
Net cash outflow from financing activities   (79) (52) (92)
Shares issued 1  1  14
Net long-term loans raised 4  9  2
Shares acquired to settle maturing CSP (54)  (74)  (74)
Contingent consideration paid (3)  -    (16)
Net transactions with non-controlling interests (1)  12  (18)
Settlement of lease liabilities  (26)  -   -  
(Decrease)/increase in net cash and cash equivalents
(565)  (147)  42
Net cash and cash equivalents at the beginning of the period as reported in the Statement of Financial Position
                          616  572  572
Net cash and cash equivalents at the end of the period before translation adjustments
51  425  614
Cash and cash equivalents   793  894  939
Bank overdrafts and short-term facilities  (721) (468)  (323)
Bank overdrafts  (266)  (175)  (154)
Short-term facilities  (455) (293) (169)
Net cash and cash equivalents at the end of the period as reported in the Statement of Financial Position
                            72  426  616
Net exchange translation adjustments to net cash and cash equivalents
 (21)  (1)  (2)
Net cash and cash equivalents at the end of the period after translation adjustments
51  425  614