Summarised consolidated statement of cash flows

for the year ended 30 September

  2019
R million
  2018 
R million 
 
Cash flows from operating activities             
Cash receipts from customers  14 360.6     18 438.5    
Cash paid to suppliers and employees  (13 219.2)    (16 843.2)   
Cash generated from operations  1 141.4     1 595.3    
Interest received  163.5     234.0    
Interest paid  (669.9)    (692.1)   
Retirement benefits, contributions and settlements  (143.2)    (145.2)   
Income tax paid  (228.3)    (170.8)   
Cash flows from operations  263.5     821.2    
Dividends paid  (0.1)    (0.1)   
Cash generated from operating activities  263.4     821.1    
Cash flows from investing activities            
Capital expenditure  (734.8)    (536.4)   
   Replacement  (517.0)    (359.8)   
   Expansion  (217.8)    (176.6)   
Disposal of property, plant, equipment and investments  144.8     27.8    
Post-retirement medical aid buy-out  –     (1.8)   
Decrease/(increase) in liquid bonds  1 469.2     (6.9)   
(Increase)/decrease in other non-current financial assets  (45.9)    20.0    
Cash generated from/(utilised in) investing activities  833.3     (497.3)   
Net cash generated before financing activities  1 096.7     323.8    
Cash flows from financing activities            
Non-current borrowings raised  294.2     6 102.1    
Non-current borrowings repaid  (858.1)    (4 407.9)   
Net current borrowings repaid  –     (95.9)   
Proceeds from disposal of treasury shares  –     54.9    
Capital raised from issue of shares  –     6.5    
Cash (repaid)/raised in financing activities  (563.9)    1 659.7    
Net increase in cash and cash equivalents  532.8     1 983.5    
Net cash and cash equivalents/(overdraft) at beginning of year  1 836.8     (168.8)   
Translation of cash in foreign subsidiaries  (1 011.2)    22.1    
Cash and cash equivalents at end of year  1 358.4     1 836.8