Consolidated statement of cash flows

for the year ended 30 June 2018



	Notes	2018 Rm	2017 Rm

Cash flows from operating activities
Cash generated from operations	13	2 364	3 049
Exploration costs		(4)	(8)
Finance cost		(1 025)	(716)
Income tax paid		(1 336)	(1 312)
Net cash (used in)/from operating activities		(1)	1 013
Cash flows from investing activities
Purchase of property, plant and equipment		(4 667)	(3 432)
Proceeds from sale of property, plant and equipment		26	49
Purchase of investment property		(1)	–
Acquisition of interest in associate – Waterberg	7	(425)	–
Purchase of available-for-sale financial assets		–	(7)
Interest received from held-to-maturity financial assets		3	7
Loans granted		–	(1)
Loan repayments received		–	15
Finance income		182	426
Dividends received from equity-accounted investments		253	279
Net cash used in investing activities		(4 629)	(2 664)
Cash flows from financing activities
Issue of ordinary shares, net of transaction cost		–	479
Shares purchased – Long-Term Incentive Plan		(78)	(38)
Repayments of borrowings		(999)	(4 593)
Cash from CCIRS		–	728
Proceeds from borrowings net of transaction costs		1 500	6 278
Dividends paid to non-controlling interest		(15)	(54)
Net cash from financing activities		408	2 800
Net (decrease)/increase in cash and cash equivalents		(4 222)	1 149
Cash and cash equivalents at the beginning of the year		7 839	6 788
Effect of exchange rate changes on cash and cash equivalents held in foreign currencies		88	(98)
Cash and cash equivalents at the end of the year		3 705	7 839

The notes on pages 23 to 32 are an integral part of these summarised financial statements