Summarised consolidated cash flow statement

for the year ended 30 September 2015

R million

2015

2014

EBITDA

1 329

1 315

EBITDA from continuing operations

1 284

1 125

EBITDA from discontinued operation

45

190

Decrease/(increase) in net working capital

62

(44)

Other (net)

79

(93)

Cash generated from operations

1 470

1 178

Net interest

133

(6)

Taxation paid

(415)

(332)

Dividends paid (including to non-controlling interests)

(629)

(612)

Net cash flows from operating activities

559

228

Net cash flows from investing activities

1 641

(494)

Capital expenditure

(146)

(122)

Net cash flows arising from disposal of businesses

1 789

Net cash flows arising from acquisition of businesses

(19)

(219)

Movement in total rental and finance lease receivables

(2)

(192)

Non-current loans repaid

(5)

(2)

Dividends received

10

38

Other

14

3

Net cash flows from financing activities

21

439

Shares issued

32

27

Long-term borrowings (repaid)/raised

(3)

404

Equity transactions with non-controlling interest1

(21)

(16)

Government grant received relating to plant and equipment1

13

21

Other

3

Increase in net cash resources

2 221

173

Net cash resources at the beginning of the year

415

242

Net cash resources at the end of the year

2 636

415

Cash and cash equivalents

2 713

697

Cash and cash equivalents of discontinued operation

52

Bank overdrafts

(34)

Quince short-term borrowings

(77)

(300)

Net cash resources at the end of the year

2 636

415

1

These balances were reported as investing activities in the 2014 annual financial statements.

The cash flow statement includes the cash flows of all operations, including the discontinued operation, which has been recorded in terms of IFRS 5 – Non-current Assets Held for Sale.