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INTEGRATED RESULTS PRESENTATION
KING III APPLICATION
 
   



Statements of cash flows

for the year ended 31 March 2014

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      Group   Company  
  Note   2014
Rm
  Restated1
2013
Rm
  2014
Rm
  2013
Rm
 
Cash flows from operating activities                    
Cash generated from operations 43   20 633   28 784   19 150   28 847  
Net cash flows (used in)/from financial trading assets     (1 471)   1 701   (1 250)   1 743  
Net cash flows from/(used in) financial trading liabilities     4 383   (2 317)   4 383   (2 317)  
Net cash flows from/(used in) current derivatives held for risk management     10 278   (331)   10 278   (331)  
Net cash flows (used in)/from non-current assets held-for-sale 21   (23)   48      
Income taxes paid     (184)   (216)      
Net cash from operating activities     33 616   27 669   32 561   27 942  
Cash flows used in investing activities                    
Proceeds from disposal of property, plant and equipment     28   36   23   10  
Acquisitions of property, plant and equipment     (52 137)   (53 445)   (52 658)   (53 742)  
Acquisitions of intangible assets     (1 023)   (1 887)   (953)   (1 820)  
Expenditure on future fuel supplies     (2 675)   (2 533)   (2 675)   (2 533)  
Decrease/(increase) in non-current trade and other receivables     434   (136)   (6)   10  
Increase in non-current loans receivable     (229)   (990)      
Decrease in finance lease receivables     17   37   17   37  
Net cash flows from non-current assets held-for-sale 21   7   46      
Dividends received     27   34   21   16  
Dividends received – investment in equity-accounted investees     21        
(Decrease)/increase in non-current trade and other payables     (1 677)   479   (369)   (85)  
Net cash used in investing activities     (57 207)   (58 359)   (56 600)   (58 107)  
Cash flows from financing activities                    
Debt securities and borrowings raised     44 142   31 120   43 681   31 072  
Debt securities and borrowings repaid     (8 014)   (7 149)   (7 488)   (7 064)  
Net cash flows from/(used in) net loans to subsidiaries         32   (290)  
Decrease in investment in securities     5 748   5 047   6 058   4 988  
Decrease in finance lease liabilities     (11)   (31)   (58)   (72)  
Interest received     2 768   2 765   2 884   2 891  
Interest paid     (11 838)   (9 968)   (11 856)   (9 925)  
Net cash from financing activities     32 795   21 784   33 253   21 600  
Net increase/(decrease) in cash and cash equivalents     9 204   (8 906)   9 214   (8 565)  
Cash and cash equivalents at beginning of the year     10 620   19 450   9 830   18 395  
Foreign currency translation     (23)   (49)      
Cash and cash equivalents at beginning of the year attributable to non-current assets held-for-sale     (125)   125      
Cash and cash equivalents at end of the year 20   19 676   10 620   19 044   9 830  
Reconciliation of net cash flow to movement in net debt                    
Net increase in debt securities and borrowings     36 128   23 971   36 193   24 008  
Net cash flows from/(used in) net loans to subsidiaries         32   (290)  
Decrease in investment in securities     5 748   5 047   6 058   4 988  
Increase in loans receivable     (459)   (1 034)      
Decrease in finance lease liabilities     (11)   (31)   (58)   (72)  
Net cash flows from/(used in) derivatives held for risk management     10 278   (331)   10 278   (331)  
Net debt raised     51 684   27 622   52 503   28 303  
Non-cash flow movements     1 416   (13 223)   1 374   (13 151)  
Foreign currency translation     23   49      
Cash and cash equivalents at beginning of the year attributable to non-current assets held-for-sale     125   (125)      
Net (increase)/decrease in cash and cash equivalents     (9 204)   8 906   (9 214)   8 565  
Movement in net debt for the year     44 044   23 229   44 663   23 717  
Net debt at beginning of the year     161 044   137 815   166 840   143 123  
Net debt at end of the year     205 088   161 044   211 503   166 840  
Analysis of net debt                    
Debt securities and borrowings 24   254 820   202 956   252 816   200 888  
Finance lease liabilities 29   500   511   769   826  
Net loans to subsidiaries         (4 212)   (4 220)  
Derivatives held for risk management 14   (10 666)   (5 914)   (10 666)   (5 914)  
      244 654   197 553   238 707   191 580  
Cash and cash equivalents 20   (19 676)   (10 620)   (19 044)   (9 830)  
Investment in securities 12   (10 907)   (17 350)   (8 160)   (14 910)  
Loans receivable 13   (8 983)   (8 539)      
Net debt at end of the year     205 088   161 044   211 503   166 840  
1. Refer to note 48.