CONDENSED GROUP STATEMENT OF CASH FLOWS
| Download (EXCEL) |
| (Re-presented) | |||||
| 6 months ended 30 June 2019 Reviewed Rm |
6 months ended 30 June 2018 Reviewed Rm |
12 months ended 31 December 2018 Audited Rm |
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| Cash flows from operating activities | 701 | (1 225) | (54) | ||
|---|---|---|---|---|---|
| Cash generated by operations | 3 228 | 3 941 | 7 024 | ||
| Settlement of contingent consideration1 (note 22.2) | (344) | (299) | (299) | ||
| Interest paid | (256) | (269) | (518) | ||
| Interest received | 140 | 143 | 229 | ||
| Tax paid | (674) | (588) | (1 007) | ||
| Dividends paid | (1 393) | (4 153) | (5 483) | ||
| Cash flows from investing activities | 3 692 | (810) | (3 195) | ||
| Property, plant and equipment acquired (note 12) | (2 698) | (2 037) | (5 790) | ||
| Increase in investment in intangible assets | (2) | (1) | (1) | ||
| Proceeds from disposal of property, plant and equipment | 42 | 232 | 268 | ||
| Decrease in other financial assets at amortised cost | 43 | 41 | 82 | ||
| Increase in enterprise and supplier development loans | (51) | (125) | |||
| Decrease in enterprise and supplier development loans | 11 | ||||
| Deferred consideration paid for acquisition of associates2 | (152) | ||||
| Decrease in loan to joint venture | 200 | 18 | 186 | ||
| Increase in loan to joint venture | (150) | (250) | |||
| Increase in loan to associate | (22) | ||||
| Decrease in lease receivables | 7 | 7 | 14 | ||
| Proceeds from disposal of operation | 17 | ||||
| Proceeds from disposal of subsidiaries | 75 | ||||
| Proceeds from disposal of a financial asset | 24 | ||||
| Acquisition of associates | (14) | (191) | (263) | ||
| Dividend income received from investments in associates and joint ventures | 1 442 | 1 306 | 2 627 | ||
| Proceeds from disposal of associates classified as non-current assets held-for-sale3 | 4 486 | ||||
| Increase in environmental rehabilitation funds | (78) | (67) | (135) | ||
| Dividend income received from financial assets and non-current assets held-for-sale4 | 478 | 32 | 76 | ||
| Cash flows from financing activities | (728) | (2 065) | (2 861) | ||
| Interest-bearing borrowings raised (note 20) | 1 500 | 14 | |||
| Interest-bearing borrowings repaid (note 20) | (1 435) | (1 496) | (2 161) | ||
| Lease liabilities paid | (20) | ||||
| Shares acquired in the market to settle share-based payments | (661) | (422) | (467) | ||
| Dividends paid to BEE Parties | (112) | (147) | (247) | ||
| Net increase/(decrease) in cash and cash equivalents | 3 665 | (4 100) | (6 110) | ||
| Cash and cash equivalents at beginning of the period | 549 | 6 617 | 6 617 | ||
| Translation difference on movement in cash and cash equivalents | 1 | 40 | 42 | ||
| Cash and cash equivalents at end of the period | 4 215 | 2 557 | 549 | ||
| Cash and cash equivalents | 4 219 | 2 596 | 2 080 | ||
| Cash and cash equivalents classified as non-current assets held-for-sale | 10 | ||||
| Overdraft | (4) | (49) | (1 531) | ||
| 1 | The settlement of contingent consideration has been reclassified for 30 June 2018 from investing activities to operating activities as this relates to post-acquisition changes in fair value of the contingent consideration that has been paid but is not recognised as an adjustment in the investment value previously acquired. |
| 2 | Relates to deferred consideration paid to Insect Technology (R109 million) and LightApp (R43 million). |
| 3 | Relates to the redemption of the membership interest in Tronox UK (R1 597 million) and partial disposal of shares in Tronox Holdings plc (R2 889 million). |
| 4 | Mainly includes a cash dividend received from Tronox UK of R460 million. |