ITALTILE

Condensed group cash flow statement

 

	(Rand millions unless otherwise stated)
	Reviewed  year to  30 June  2020			Audited   year to   30 June   2019   (restated*)
Cash generated by operations (note 10)	2 159			2 182*
Finance income	74			71
Finance costs	(55)			(31)
Lease liability finance costs	(26)			(21)*
Dividends paid	(1 481)			(941)
Taxation	(416)			(539)
Cash flow from operating activities	255			721*
Additions to property, plant and equipment	(614)			(622)
Proceeds on disposal of property, plant and equipment	36			95
Decrease/(increase) in long-term financial assets	6			(38)
Purchase of interest in subsidiaries and associates	(22)			(28)
Cash flow from investing activities	(594)			(593)
Proceeds of share issue	304			–
(Decrease)/increase in loans and borrowings	(1)			503
Acquisition of non-controlling interest	–			(16)
Treasury share movements	(243)			(46)
Lease liability payments	(62)			(47)*
Cash flow from financing activities	(2)			394*
Net movement in cash and cash equivalents for the year	(341)			522
Cash and cash equivalents at the beginning of the year	1 201			679
Cash and cash equivalents at the end of the year	860			1 201

* Cash flows related to IFRS 16 have been restated in order to be comparable to current period disclosures.