CONDENSED GROUP STATEMENT OF CASH FLOWS
For the year ended 31 December
| 2020 Reviewed Rm |
(Re-presented)1 2019 Audited Rm |
||
| Cash flows from operating activities | 5 493 | 3 483 | |
|---|---|---|---|
| Cash generated by operations | 7 770 | 5 273 | |
| Settlement of contingent consideration | (198) | (344) | |
| Interest paid | (1 305) | (558) | |
| Interest received | 192 | 289 | |
| Tax paid | (966) | (1 177) | |
| Cash flows from investing activities | (1 556) | 2 974 | |
| Property, plant and equipment acquired (note 13) | (3 175) | (6 076) | |
| Intangible assets acquired | (2) | (5) | |
| Proceeds from disposal of property, plant and equipment | 34 | 83 | |
| Decrease in other financial assets at amortised cost | 79 | 82 | |
| Increase in ESD loans | (41) | (121) | |
| Decrease in ESD loans | 61 | 39 | |
| Deferred consideration paid for acquisition of associates | (349) | (306) | |
| Decrease in loan to joint venture | 250 | ||
| Increase in loan to associate | (40) | ||
| Decrease in loan to associate | 13 | ||
| Decrease in lease receivables | 15 | 15 | |
| Cash transferred on transfer of operation | (14) | ||
| Proceeds from disposal of operation | 76 | ||
| Acquisition of subsidiaries (note 4) | (1 402) | ||
| Acquisition of associates | (14) | ||
| Dividend income received from equity-accounted investments | 3 263 | 4 146 | |
| Proceeds from disposal of associates classified as non-current assets held-for-sale | 4 486 | ||
| Increase in environmental rehabilitation funds | (111) | (148) | |
| Dividend income received from financial assets and non-current assets held-for-sale | 73 | 507 | |
| Cash flows from financing activities | (2 469) | (5 286) | |
| Interest-bearing borrowings raised (note 21) | 1 750 | 4 250 | |
| Interest-bearing borrowings repaid (note 21) | (88) | (1 622) | |
| Lease liabilities paid (note 19) | (32) | (33) | |
| NCI option exercised | 115 | ||
| Distributions to NCI option holders | (1) | ||
| Loan from NCI | 69 | ||
| Dividends paid (note 12) | (3 034) | (5 812) | |
| Shares acquired in the market to settle share-based payments | (270) | (678) | |
| Dividends paid to BEE Parties | (978) | (1 391) | |
| Net increase in cash and cash equivalents | 1 468 | 1 171 | |
| Cash and cash equivalents at beginning of the year | 1 719 | 549 | |
| Translation difference on movement in cash and cash equivalents | (1) | ||
| Cash and cash equivalents at end of the year | 3 187 | 1 719 | |
| Cash and cash equivalents | 3 196 | 2 695 | |
| Cash and cash equivalents classified as non-current assets held-for-sale | 8 | ||
| Overdraft | (17) | (976) | |
| 1 | Dividends paid have been re-presented as a financing activity (previously presented as an operating activity). This re-presentation was done to align with the dividend policy. |