CONSOLIDATED STATEMENT OF CASH FLOWSfor the year ended 30 June 2021

 

 ALL AMOUNTS ARE EXPRESSED IN MILLIONS OF RANDS   Notes  2021   2020 
Cash flows from operating activities       
Receipts from customers     21 927,1   21 019,9 
Payments to suppliers and employees    (19 049,5) (21 072,4)
Cash generated by/(utilised from) operations  32   2 877,6  (52,5)
Interest received    35,4  85,4 
Interest paid    (231,4) (296,3)
Taxation paid  33  (287,5) (272,6)
Taxation refund  33  27,7  8,6 
Operating cash flow     2 421,8  (527,4)
Dividends paid to owners of Murray & Roberts Holdings Limited    –  (227,2)
Dividends paid to non-controlling interests    –  (3,6)
Net cash inflow/(outflow) from operating activities     2 421,8  (758,2)
Cash flows from investing activities
Payment for acquisition of subsidiaries, net of cash acquired 
   (6,0)  (37,9)
Cash received from reclassification of joint venture to joint operation    –  86,7 
Purchase of intangible assets other than goodwill  4  (35,4) (20,9)
Purchase of property, plant and equipment  2  (1 154,0) (654,2)
– Replacements    (45,8) (112,7)
– Additions    (1 315,7) (1 479,7)
– Acquisition of assets by means of a lease (non-cash)   207,5  938,2 
Proceeds on disposal of intangible assets    0,3  4,6 
Proceeds on disposal of property, plant and equipment    49,8  116,5 
Proceeds on disposal of assets held for sale    –  20,9 
Dividends received from the Bombela Concession Company  6  –  328,0 
Other    1,3  0,7 
Net cash outflow from investing activities     (1 144,0) (155,6)
Cash flows from financing activities
Net acquisition of treasury shares 
   (55,6)  (31,3)
– Acquisition of treasury shares    (76,5) (136,5)
– Disposal of treasury shares    20,9  105,2 
Net movement in borrowings  32  (798,3) (685,1)
– Loans raised    614,1  698,9 
– Loans repaid    (930,7) (665,0)
– Leases repaid    (481,7) (719,0)
Net cash outflow from financing activities     (853,9) (716,4)
Total increase/(decrease) in net cash and cash equivalents     423,9  (1 630,2)
Net cash and cash equivalents at beginning of year    2 304,0  3 419,5 
Effect of exchange rates    (436,5) 514,7 
Net cash and cash equivalents at end of year^   10  2 291,4  2 304,0 
^ Cash and cash equivalents balance comprises of:       
– Cash    3 697,3  3 415,3 
– Reclassification to held for sale    24,4   
– Overdraft    (1 430,3)  (1 111,3)