INTERIM
RESULTS
SIX MONTHS ENDED
31 DECEMBER 2020
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| R millions | Reviewed 6 months to 31 December 2020 |
Reviewed 6 months to 31 December 2019 |
Annual 30 June 2020 |
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| Cash generated by/(utilised from) operations | 1 501 | (509) | (53) | |||
|---|---|---|---|---|---|---|
| Interest received | 16 | 37 | 85 | |||
| Interest paid | (113) | (116) | (295) | |||
| Taxation paid | (202) | (147) | (273) | |||
| Taxation refund | 13 | 9 | 9 | |||
| Operating cash flow | 1 215 | (726) | (527) | |||
| Dividends paid | – | (227) | (227) | |||
| Dividends paid to non-controlling interests | – | – | (4) | |||
| Net cash inflow/(outflow) from operating activities | 1 215 | (953) | (758) | |||
| Purchase of intangible assets other than goodwill | (14) | (22) | (21) | |||
| Purchase of property, plant and equipment | (542) | (136) | (655) | |||
| – Replacements | (23) | (33) | (113) | |||
| – Expansions | (637) | (940) | (1 480) | |||
| – Acquisition of assets by means of a lease (non-cash) | 118 | 837 | 938 | |||
| Proceeds on disposal of property, plant and equipment | 26 | 27 | 117 | |||
| Proceeds on disposal of intangible assets other than goodwill | 4 | 6 | 5 | |||
| Acquisition of businesses~ | (6) | (38) | (38) | |||
| Cash received from reclassification of joint venture to joint operation | – | 87 | 87 | |||
| Acquisition of associate | (23) | – | – | |||
| Proceeds on sale of non-current assets held for sale | – | 21 | 21 | |||
| Dividends received on Bombela Concession Company | – | 205 | 328 | |||
| Other | 1 | – | – | |||
| Net cash (outflow)/inflow from investing activities | (554) | 150 | (156) | |||
| Disposal of treasury shares | 14 | 60 | 105 | |||
| Acquisition of treasury shares | (75) | (94) | (136) | |||
| Net movement in borrowings | (515) | (58) | (685) | |||
| – Loans raised | 57 | 415 | 699 | |||
| – Loans repaid | (313) | (91) | (665) | |||
| – Leases repaid | (259) | (382) | (719) | |||
| Net cash outflow from financing activities | (576) | (92) | (716) | |||
| Total increase/(decrease) in net cash and cash equivalents | 85 | (895) | (1 630) | |||
| Net cash and cash equivalents at beginning of period | 2 304 | 3 419 | 3 419 | |||
| Effect of foreign exchange rates | (276) | (40) | 515 | |||
| Net cash and cash equivalents at end of period | 2 113 | 2 484 | 2 304 | |||
| Net cash and cash equivalents comprises: | ||||||
| Cash and cash equivalents | 3 380 | 3 097 | 3 415 | |||
| Bank overdrafts | (1 267) | (613) | (1 111) | |||
| Net cash and cash equivalents at end of period | 2 113 | 2 484 | 2 304 |
| ~ | Business acquisitions in the current period are not considered significant. |