Integrated Annual Report
2019

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Statements of cash flows
FOR THE YEAR ENDED 30 JUNE 2019

Company      Group   
2019 
Rm
 
  2018 
Rm 
  Note  2019 
Rm
 
  2018 
Rm 
 
(4)   (1) Cash generated by operations  27  2 114    1 748   
—    43  Finance income  8  71    61   
—    (33) Finance costs  9  (31)   (35)  
285    150  Dividends received  8 
(946)   (369) Dividends paid  31  (941)   (360)  
(2)   (1) Taxation  28  (539)   (435)  
(667)   (211) Cash flow from operating activities  674    979   
Additions to property, plant and equipment  14  (622)   (669)  
Proceeds on disposal of property, plant and equipment  95    11   
Decrease in investments  16.2  —    33   
(Decrease)/increase in long-term financial assets  17  (38)   27   
39    (34) Advances to share trust  17 
161  Redemption of Four Arrows preference shares 
Purchase of interest in subsidiaries  (28)   —   
628    (1 187) (Increase)/decrease in amounts owing by subsidiaries 
Net cash flow from acquisition of subsidiary  —    (1 602)  
667    (1 060) Cash flow from investing activities  (593)   (2 200)  
1 565  Proceeds of share rights offer  —    1 565   
Increase in loans and borrowings  503    —   
(297) Share repurchase from Four Arrows  —    —   
Purchase of interest in subsidiary  (16)   —   
Treasury share movements  23  (46)   (176)  
—    1 268  Cash flow from financing activities  441    1 389   
  (3) Net movement in cash and cash equivalents for the year  522    168   
  Cash and cash equivalents at the beginning of the year  679    511   
  Cash and cash equivalents at the end of the year  22  1 201    679   
        #  Less than R1 million.