R millions Audited 
Annual 
30 June 
2018 
Audited 
Annual 
30 June 
2017 
Cash generated by operations 934 1 055
Interest received 66 88
Interest paid (112) (138)
Taxation paid (174) (210)
Operating cash flow 714 795
Dividends paid to owners of Murray & Roberts Holdings Limited (200) (194)
Net cash inflow from operating activities 514 601
Dividends received from associate companies 20 19
Investment in joint venture held for sale (2)
Purchase of intangible assets other than goodwill (13) (24)
Purchase of property, plant and equipment by entities classified as held for sale (1) (53)
Purchase of property, plant and equipment (311) (264)
– Replacements (78) (116)
– Expansions (358) (395)
– Capitalised finance leases raised (non-cash) 125 247
Proceeds on disposal of property, plant and equipment 116 45
Net inflow/(outflow) on disposal of business 40 (323)
Proceeds on disposal of intangible assets other than goodwill 7
Proceeds on disposal of investment in associate 87
Proceeds on disposal of assets held for sale 37
Cash related to assets held for sale 2 259
Proceeds from realisation of investment 220 170
Purchase of additional investment (358)
Other (net) (2) 2
Net cash outflow from investing activities (200) (127)
Net movement in borrowings (217) (661)
Net acquisition of treasury shares (29) (41)
Net cash outflow from financing activities (246) (702)
Total increase/(decrease) in net cash and cash equivalents 68 (228)
Net cash and cash equivalents at beginning of year 2 253 2 737
Effect of foreign exchange rates 32 (256)
Net cash and cash equivalents at end of year 2 353 2 253
Net cash and cash equivalents comprises:    
Cash and cash equivalents 2 464 2 371
Bank overdrafts (111) (118)
Net cash and cash equivalents at end of year 2 353 2 253