Summary financial information
Consolidated statement of cash flows
for the year ended 30 June 2017
| 2017 Rm |
2016 Rm |
|||
|---|---|---|---|---|
| Cash flows from operating activities | ||||
| Cash generated from operations | 3 049 | 4 216 | ||
| Exploration costs | (8) | (13) | ||
| Finance cost | (716) | (589) | ||
| Income tax paid | (1 312) | (883) | ||
| Net cash from operating activities | 1 013 | 2 731 | ||
| Cash flows from investing activities | ||||
| Purchase of property, plant and equipment | (3 432) | (3 658) | ||
| Proceeds from sale of property, plant and equipment | 49 | 42 | ||
| Purchase of available-for-sale financial assets | (7) | (152) | ||
| Purchase of held-to-maturity financial assets | – | (70) | ||
| Proceeds from available-for-sale financial assets | – | 23 | ||
| Proceeds from held-to-maturity financial assets | 7 | 40 | ||
| Loans granted | (1) | (2) | ||
| Loan repayments received | 15 | 24 | ||
| Finance income | 426 | 394 | ||
| Dividends received | 279 | 439 | ||
| Net cash used in investing activities | (2 664) | (2 920) | ||
| Cash flows from financing activities | ||||
| Issue of ordinary shares, net of transaction cost | 479 | 3 902 | ||
| Shares purchased – Long-term Incentive Plan | (38) | (17) | ||
| Repayments of borrowings | (4 593) | (13) | ||
| Cash from CCIRS | 728 | – | ||
| Proceeds from borrowings net of transaction costs | 6 278 | 389 | ||
| Dividends paid to non-controlling interest | (54) | (46) | ||
| Net cash from financing activities | 2 800 | 4 215 | ||
| Net increase in cash and cash equivalents | 1 149 | 4 026 | ||
| Cash and cash equivalents at the beginning of the year | 6 788 | 2 597 | ||
| Effect of exchange rate changes on cash and cash equivalents held in foreign currencies | (98) | 165 | ||
| Cash and cash equivalents at the end of the year | 7 839 | 6 788 |
The notes on pages 15 to 22 are an integral part of these summarised financial statements.