Unaudited Interim Financial Report and Cash Dividend Declaration for the 6 months ended 31 March 2016

Summarised consolidated statement of cash flowsfor the year ended 30 September 2016

Audited
R million
Note 2016 2015
EBITDA 1 433 1 329
EBITDA from continuing operations 1 433 1 284
EBITDA from discontinued operation 45
(Increase)/decrease in net working capital (396) 62
Other (net) 50 79
Cash generated from operations 1 087 1 470
Net interest and dividends 137 133
Taxation paid (431) (415)
Dividends paid (including to non-controlling interests) (690) (629)
Net inflow from operating activities 103 559
Net (outflow)/inflow from investing activities (1 205) 1 641
Capital expenditure (222) (146)
Net (outflow)/inflow from disposal of businesses (23) 1 789
Net outflow arising from acquisition of businesses 11 (462) (19)
Movement in total rental and finance lease receivables 14 (2)
Non-current loans repaid/(granted) 43 (5)
Proceeds from investment in insurance cell captive 48
Dividends received from joint venture 35 10
Investments net of other capital items* (638) 14
Net (outflow)/inflow from financing activities (222) 21
Shares issued 25 32
Investment in treasury shares (28)
Net long-term borrowings repaid (181) (3)
Equity transactions with non-controlling interests (40) (21)
Other 2 13

(Decrease)/Increase in net cash resources

(1 324) 2 221

Net cash resources at the beginning of the year

2 636 415

Net cash resources at the end of the year

1 312 2 636
Cash and cash equivalents 1 712 2 713
Bank overdrafts (327)
Short-term borrowings (73) (77)

Net cash resources at the end of the year

1 312 2 636

* This includes R670 million investment in long-dated money market instruments.