Company statement of cash flows
FOR THE YEAR ENDED 30 SEPTEMBER 2020
| Notes | 2020 Rm |
Restated* 2019 Rm |
|
|---|---|---|---|
| Cash flows from operating activities | |||
| Cash utilised in operations | A | (5) | 51 |
| Dividends received from investments (excluding withholding tax) | 2 469 | 893 | |
| Interest Income | 502 | 588 | |
| Finance costs | (446) | (553) | |
| Taxation paid | B | (276) | (57) |
| Cash flow from operations | 2 244 | 922 | |
| Dividends paid | (1 149) | (1 024) | |
| Cash inflows/(outflows) from operating activities | 1 095 | (102) | |
| Cash flows from investing activities | |||
| Additions to investment property | (64) | ||
| Acquisition of investment property | (1 829) | (18) | |
| Proceeds on disposal of investment property | 2 470 | ||
| Increase in financial assets | (720) | (72) | |
| Increase in loans to subsidiaries | 226 | (105) | |
| Increase in loans from subsidiaries | 105 | ||
| Net cash inflow from investing activities | 188 | (195) | |
| Net cash inflow before financing activities | 1 283 | (297) | |
| Cash flows from financing activities | |||
| Buyback on share issue | (1 562) | ||
| Proceeds from long-term borrowings | 700 | 621 | |
| Repayment of short-term borrowings | (829) | (1 266) | |
| Net cash outflow from financing activities | C | (1 691) | (645) |
| Net movement in cash and cash equivalents | (408) | (942) | |
| Cash equivalents at the beginning of year | 3 229 | 4 170 | |
| Cash and cash equivalents at end of year | 2 821 | 3 229 |
| * | Refer to note 17 regarding the restatement of prior year errors. |