| NOTES TO THE FINANCIAL STATEMENTS l Note 26 |
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2020
Rm |
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| 2019
Rm |
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| 2020
Rm |
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| 2019
Rm |
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| 26.
| RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
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| Cash flows from operating activities:
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| 1 480 |
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| 284 |
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| Profit before taxation
| 1 457 |
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| 1 819 |
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| Adjusted for:
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| Income from associates
| (1) |
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| (3) |
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| 39 |
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| – |
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| BBBEE transaction charge
| 39 |
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| – |
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| Depreciation
| 299 |
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| 282 |
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| Depreciation – right-of-use asset
| 62 |
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| 58 |
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| Lease liability finance cost payment
| 26 |
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| 21 |
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| Lease payment
| – |
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| –* |
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| Profit on sale of property, plant and equipment
| (1) |
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| (14) |
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| Impairment of plant and equipment
| 16 |
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| – |
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| (1 520) |
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| (285) |
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| Finance income
| (74) |
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| (71) |
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| # |
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| Finance costs (excluding lease liability finance costs)
| 55 |
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| 31 |
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| Share-based payment expenses
| 84 |
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| 76 |
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| Foreign currency translation difference
| 9 |
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| 5 |
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| Executive Retention Plan prepayment
| – |
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| (36) |
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| Working capital changes:
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| Inventories |
(39) |
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| (51) |
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| Trade and other receivables |
90 |
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| 128 |
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| (3) |
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| Trade and other payables (including provisions) |
137 |
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| (63) |
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| (3) |
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| (4) |
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| Cash generated by operations
| 2 159 |
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| 2 182* |
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# |
Less than R1 million. |
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* |
Cash flows related to IFRS 16 have been restated in order to be comparable to current year disclosures. |
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| NOTES TO THE FINANCIAL STATEMENTS l Note 26 |
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