Annual Integrated Report

2019

Gathering
Momentum

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Underground Mining + Oil & Gas + Power & Water

Consolidated statement of cash flows

FOR THE YEAR ENDED 30 JUNE 2019

ALL MONETARY AMOUNTS ARE EXPRESSED IN MILLIONS OF RANDS  Notes    2019    2018   
Cash flows from operating activities             
Receipts from customers      21 148,1    22 624,0   
Payments to suppliers and employees      (19 584,8)   (21 690,3)  
Cash generated from operations  33    1 563,3    933,7   
Interest received      74,1    65,5   
Interest paid      (120,2)   (111,8)  
Taxation paid  34    (206,0)   (174,0)  
Operating cash flow      1 311,2    713,4   
Dividends paid to owners of Murray & Roberts Holdings Limited      (207,0)   (200,1)  
Net cash inflow from operating activities      1 104,2    513,3   
Cash flows from investing activities             
Acquisition of businesses  35    (664,5)   –   
Dividends received from associate companies  6    –    19,6   
Acquisition of associate  6    (2,0)   –   
Purchase of intangible assets other than goodwill  5    (50,4)   (13,5)  
Purchase of property, plant and equipment  2    (142,0)   (311,5)  
– Replacements      (41,2)   (78,3)  
– Additions      (774,9)   (358,0)  
– Capitalised finance leases raised (non-cash)     674,1    124,8   
Purchase of property, plant and equipment by entities classified as held for sale      –    (0,8)  
Proceeds on disposal of property, plant and equipment      208,2    115,6   
Net inflow on disposal of business      –    39,6   
Proceeds on disposal of investment in associate      –    87,0   
Purchase of additional investments      –    (357,9)  
Cash related to assets held for sale      –    1,5   
Proceeds from realisation of investment  7    183,5    220,1   
Other      (0,2)   1,2   
Net cash outflow from investing activities      (467,4)   (199,1)  
Cash flows from financing activities             
Net acquisition of treasury shares      (36,2)   (28,7)  
Loans raised^      876,7    59,2   
Loans repaid^      (161,9)   (109,8)  
Capitalised leases repaid^  36    (165,1)   (167,0)  
Net cash inflow/(outflow) from financing activities      513,5    (246,3)  
Total increase in net cash and cash equivalents      1 150,3    67,9   
Net cash and cash equivalents at beginning of year      2 353,4    2 253,1   
Effect of exchange rates      (84,2)   32,4   
Net cash and cash equivalents at end of year  11    3 419,5    2 353,4   
^ In previous years the net movement in borrowings has been reflected in the cash flow with supporting note 33 of the consolidated financial statements reflecting the gross movement thereof. In the current year, the gross movements have been reflected separately in the cash flow above for the current and prior year.