| Company |
|
|
|
Consolidated |
| 2015 |
2016 |
|
|
Rmillion |
2016 |
2015 |
| |
|
|
|
Cash generated from operations |
|
|
| 715 |
579 |
|
|
Operating profit before dividends |
1 808 |
2 089 |
| 425 |
333 |
|
|
Dividends received |
|
|
| 1 140 |
912 |
|
|
Operating profit |
1 808 |
2 089 |
| (90) |
(135) |
|
|
Surplus on disposal of property, plant and equipment |
(84) |
(77) |
| |
|
|
|
Adjustments for: |
|
|
| (2) |
(59) |
|
|
Growing crops and other non-cash flow items |
(60) |
1 |
| 178 |
176 |
|
|
Depreciation |
587 |
564 |
| 1 226 |
894 |
|
|
Operating cash flow |
2 251 |
2 577 |
| |
|
|
|
Cash required by operations |
|
|
| 136 |
(127) |
|
|
Inventories |
(281) |
103 |
| (48) |
(188) |
|
|
Trade and other receivables |
(1 350) |
(489) |
| 90 |
393 |
|
|
Trade and other payables |
642 |
342 |
| 178 |
78 |
|
|
(Increase)/decrease in working capital |
(989) |
(44) |
| 1 404 |
972 |
|
|
Cash flow from operations |
1 262 |
2 533 |
| (13) |
(14) |
|
|
Tax payments |
(221) |
(353) |
| (622) |
(698) |
|
|
Net financing costs |
(680) |
(617) |
| 769 |
260 |
|
|
Cash flow from operating activities |
361 |
1 563 |
| |
|
|
|
Cash flows from investing activities |
|
|
| |
|
|
|
Expenditure on property, plant and equipment |
|
|
| (52) |
(199) |
|
|
New |
(488) |
(203) |
| (386) |
(458) |
|
|
Replacement |
(668) |
(509) |
| |
|
|
|
Major plant overhaul cost changes |
34 |
(20) |
| (4) |
(102) |
|
|
Expenditure on intangible assets |
(123) |
(4) |
| (76) |
(67) |
|
|
Capital expenditure on growing crops |
(67) |
(76) |
| 100 |
137 |
|
|
Proceeds on disposal of property, plant and equipment |
109 |
95 |
| |
|
|
|
Investments |
|
2 |
| (418) |
(689) |
|
|
Net cash used in investing activities |
(1 203) |
(715) |
| 351 |
(429) |
|
|
Net cash flow before dividends and financing activities |
(842) |
848 |
| |
|
|
|
Dividends paid |
|
|
| (488) |
(512) |
|
|
Ordinary and preferred ordinary shares |
(417) |
(417) |
| |
|
|
|
Minorities |
(19) |
(12) |
| (488) |
(512) |
|
|
Dividends paid |
(436) |
(429) |
| (137) |
(941) |
|
|
Net cash flow before financing activities |
(1 278) |
419 |
| |
|
|
|
Cash flows from financing activities |
|
|
| 333 |
1 434 |
|
|
Borrowings raised |
1 273 |
218 |
| |
|
|
|
Non-recourse equity-settled BEE borrowings |
(49) |
(37) |
| 1 |
|
|
|
Shares issued |
|
1 |
| (167) |
(35) |
|
|
Settlement of share-based payment awards |
(39) |
(175) |
| 8 |
(455) |
|
|
Inter-group loans |
|
|
| 175 |
944 |
|
|
Net cash from financing activities |
1 185 |
7 |
| 38 |
3 |
|
|
Net (decrease)/increase in cash and cash equivalents |
(93) |
426 |
| 59 |
97 |
|
|
Balance at beginning of year |
1 668 |
1 067 |
| |
|
|
|
Currency alignment |
302 |
175 |
| 97 |
100 |
|
|
Cash and cash equivalents at end of year |
1 877 |
1 668 |
