Consolidated statement of cash flows

FOR THE YEAR ENDED 30 JUNE 2017
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ALL MONETARY AMOUNTS ARE EXPRESSED IN MILLIONS OF RANDS Notes1   2017    2016   
Cash flows from operating activities                     
Receipts from customers        25 103,5     30 705,9      
Payments to suppliers and employees        (24 048,3)    (29 616,9)     
Cash generated from operations  33     1 055,2     1 089,0    
Interest received        87,1     76,9    
Interest paid        (137,5)    (147,8)   
Taxation paid  34     (209,6)    (256,2)   
Operating cash flow        795,2     761,9    
Dividends paid to owners of Murray & Roberts Holdings Limited        (194,2)    (210,9)   
Net cash inflow from operating activities        601,0     551,0    
Cash flows from investing activities                   
Acquisition of businesses  35     –     (21,6)   
Dividends received from associate companies  6     19,1     17,8    
Dividends received from joint venture classified as held-for-sale        –     2,0    
Purchase of intangible assets other than goodwill  5     (23,6)    (61,7)   
Purchase of property, plant and equipment  2     (264,1)    (338,3)   
–  Replacements        (115,7)    (98,7)   
–  Additions        (395,0)    (332,2)   
–  Capitalised finance leases raised (non-cash)       246,6     92,6    
Purchase of property, plant and equipment by entities classified as held-for-sale        (53,0)    –    
Investment in joint venture  37     –     (23,5)   
Investment in joint venture held-for-sale        (2,0)    –    
Proceeds on disposal of property, plant and equipment        45,0     159,6    
Proceeds on disposal of intangible assets other than goodwill        7,0     –    
Net (outflow)/inflow on disposal of business  35     (322,8)    15,1    
Proceeds on disposal of assets held-for-sale        37,0     –    
Cash related to assets held-for-sale        259,0     (257,1)   
Proceeds from realisation of investment  7     170,0     53,8    
Other        1,3     (3,1)   
Net cash outflow from investing activities        (127,1)    (457,0)   
Cash flows from financing activities                   
Net acquisition of treasury shares        (41,0)    (78,0)   
Net movement in borrowings  36     (660,6)    (466,9)   
Net cash outflow from financing activities        (701,6)    (544,9)   
Total decrease in net cash and cash equivalents        (227,7)    (450,9)   
Net cash and cash equivalents at the beginning of the year        2 736,8     2 846,7    
Effect of exchange rates        (256,0)    341,0    
Net cash and cash equivalents at the end of the year  11     2 253,1     2 736,8   
* In the 2016 financial year the non-cash element of capitalised finance leases was in error included under investing cash flows as purchase of property, plant and equipment (R92,6 million). Therefore the 2016 cash flow has been restated with the resulting impact being that the cash outflow from financing activities increased by R92,6 million and the cash outflow from investing activities decreased by R92,6 million.
1 Notes are available in the online annual financial statements.