Condensed consolidated statement of cash flow
for the six months ended 30 September 2021
Unaudited 30 September 2021 Rm |
Unaudited 30 September 2020 Rm |
Audited 31 March 2021 Rm |
|
Cash flow from operating activities | 943 | 615 | 1 178 |
---|---|---|---|
Cash flow from investing activities | 733 | 1 059 | 930 |
Cash flow from financing activities | (1 443) | (1 876) | (2 739) |
Net increase in cash and cash equivalents | 233 | (202) | (631) |
Foreign currency movements in cash | 12 | (3) | 75 |
Cash and cash equivalents at the beginning of the period | 1 003 | 1 559 | 1 559 |
Cash and cash equivalents at the end of the period | 1 248 | 1 354 | 1 003 |
Major items included in the above: | |||
Cash flow from operating activities | 943 | 615 | 1 178 |
Profit/(loss) before tax | 925 | (267) | 458 |
Adjustments(i) | 87 | 917 | 1 034 |
Working capital adjustments | (51) | (23) | (288) |
Taxation paid | (18) | – | (26) |
Other | – | (12) | – |
Cash flow from investing activities | 733 | 1 059 | 930 |
Disposal of investment in equity-accounted associate | – | 1 103 | 1 103 |
Proceeds on sale of investment property | 957 | 79 | 211 |
Acquisition of investment property and development costs | (346) | (296) | (665) |
Investment and other income | 119 | 146 | 323 |
Other | 3 | 27 | (42) |
Cash flow from financing activities | (1 443) | (1 876) | (2 739) |
Interest-bearing borrowings advanced | 3 781 | 2 099 | 2 647 |
Interest-bearing borrowings repaid | (3 636) | (3 531) | (4 173) |
Finance costs paid | (307) | (317) | (591) |
Dividends paid | (968) | (75) | (556) |
Cash from settlement of derivatives | (285) | (13) | (21) |
Other | (28) | (39) | (45) |
(i) | Adjustments to cash flows from operating activities for 30 September 2021 include fair value gain on investment property of R165 million, finance costs of R357 million and fair value gain on equity investments of R191 million. |