Annual financial statements
Supplement to the integrated annual report 30 June 2014
Menu
Responsibility reporting Group financial statements
Company Financial Statements Additional information Report selector
X

Group financial statements
Consolidated statement of cash flows - for the year ended 30 June 2014

  Notes   30 June  
2014  
Rm  		 30 June  
2013  
Restated* 
Rm  

Cash flows from operating activities

      
Cash generated from operations   34   5 234   6 794  
Exploration costs   30   (20)  (47) 
Finance cost     (404)  (149) 
Income tax paid   23   (714)  (1 016) 

Net cash from operating activities

   4 096   5 582  

Cash flows from investing activities

      
Purchase of property, plant and equipment     (4 500)  (6 219) 
Proceeds from sale of property, plant and equipment     64   97  
Proceeds from insurance claim   26   112   –  
Purchase of investment in subsidiary   40   –   (57) 
Payment received from associate on shareholders’ loan     –   49  
Proceeds from sale of held-to-maturity investment   11   –   21  
Loans granted     (10)  (7) 
Loan repayments received     11   30  
Finance income     319   217  
Dividends received   8   467   97  

Net cash used in investing activities

   (3 537)  (5 772) 

Cash flows from financing activities

      
Issue of ordinary shares     8   36  
Repayments of borrowings     (16)  (132) 
Proceeds from borrowings     –   4 638  
Dividends paid to Company’s shareholders   33   (371)  (580) 
Net cash used in financing activities     (379)  3 962  

Net increase in cash and cash equivalents

   180   3 772  
Cash and cash equivalents at the beginning of the year   17   4 113   329  
Effect of exchange rate changes on cash and cash equivalents held in foreign currencies     12   12  
Cash and cash equivalents at the end of the year**   17   4 305   4 113  

*    The audited June 2013 results were restated as a result of IFRS 10 Consolidated Financial Statements and IFRS 11 Joint Arrangements, which have become effective.
      These standards require that the investment in Guardrisk (previously consolidated) be deconsolidated and Mimosa (previously proportionately consolidated), be equity accounted.
**  Net of bank overdraft.  
The notes are an integral part of these consolidated financial statements.