Consolidated statement of cash flows

Figures in million – SA rand201520142013
CASH FLOWS FROM OPERATING ACTIVITIES   
Cash generated by operations6,130.47,081.46,840.0
Post-retirement healthcare payments(0.1)(2.4)(2.7)
Cash-settled share-based payments paid(42.2)(166.6)(3.9)
Change in working capital(668.0)214.5568.7
Cash generated from operating activities5,420.17,126.97,402.1
Interest received117.368.563.3
Interest paid(260.2)(194.0)(326.3)
Guarantee fee received9.653.647.0
Guarantee release fee(61.4)
Royalties paid(395.4)(650.1)(249.0)
Tax paid(656.3)(1,347.1)(304.8)
Dividends paid(658.4)(1,005.2)(271.9)
Net cash from operating activities3,515.34,052.66,360.4
CASH FLOWS FROM INVESTING ACTIVITIES   
Additions to property, plant and equipment(3,344.8)(3,250.8)(2,901.5)
Proceeds on disposal of property, plant and equipment65.122.66.9
Payment of environmental rehabilitation obligation(0.3)(10.9)(10.5)
Contributions to environmental rehabilitation obligation funds(77.8)(69.3)(172.3)
Investment in subsidiary(415.3)
Loans granted to subsidiaries prior to acquisition(238.6)
Cash acquired on acquisition of subsidiaries38.1
Loan repaid by equity-accounted investee20.9
Loan advanced to equity-accounted investee(3.0)(384.6)
Cash flow on loss of control of subsidiary5.9
Net cash used in investing activities(3,339.9)(4,308.8)(3,071.5)
CASH FLOWS FROM FINANCING ACTIVITIES   
Proceeds from shares issued on unbundling17,245.8
Loans repaid(1,572.9)(2,296.9)(9,840.0)
Loans raised1,552.01,623.67,620.0
Related-party loans repaid(17,108.0)
Financing costs capitalised(9.1)
Proceeds on shares issued to non-controlling interests3.0
Net cash used in financing activities(20.9)(673.3)(2,088.3)
Net increase/(decrease) in cash and cash equivalents154.5(929.5)1,200.6
Cash and cash equivalents at beginning of the year562.91,492.4291.8
Cash and cash equivalents at end of the year717.4562.91,492.4

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