STATEMENTS OF CASH FLOWS
| for the year ended 31 March 2017 | Tongaat Hulett Limited |
| Company | Consolidated | |||||
| 2016 Restated (note 35) |
2017 | Rmillion | 2017 | 2016 Restated (note 35) |
||
| Cash generated from operations | ||||||
| 498 | 844 | Operating profit before dividends | 2 333 | 1 669 | ||
| 333 | 1 024 | Dividends received | ||||
| 831 | 1 868 | Operating profit | 2 333 | 1 669 | ||
| (135) | (144) | Surplus on disposal of property, plant and equipment | (42) | (84) | ||
| Adjustments for: | ||||||
| (58) | (144) | Growing crops valuation and other non-cash flow items | (38) | 36 | ||
| 319 | 335 | Depreciation | 1 027 | 1 231 | ||
| 957 | 1 915 | Operating cash flow | 3 280 | 2 852 | ||
| Cash required by operations | ||||||
| (127) | (119) | Inventories | (201) | (281) | ||
| 2 | 3 | Growing crops | 3 | 2 | ||
| (188) | (137) | Trade and other receivables | 288 | (1 352) | ||
| 393 | 5 | Trade and other payables | (194) | 642 | ||
| 80 | (248) | (Increase)/decrease in working capital | (104) | (989) | ||
| 1 037 | 1 667 | Cash flow from operations | 3 176 | 1 863 | ||
| (14) | (17) | Tax payments | (482) | (221) | ||
| (698) | (857) | Net financing costs | (810) | (680) | ||
| 325 | 793 | Cash flow from operating activities | 1 884 | 962 | ||
| Cash flows from investing activities | ||||||
| Expenditure on property, plant and equipment | ||||||
| (199) | (299) | - New | (423) | (488) | ||
| (458) | (168) | - Replacement | (228) | (668) | ||
| (132) | (239) | - Cane roots | (418) | (668) | ||
| Major plant overhaul cost changes | 26 | 34 | ||||
| (102) | (144) | Expenditure on intangible assets | (166) | (123) | ||
| 137 | 152 | Proceeds on disposal of property, plant and equipment | 54 | 109 | ||
| Investments | 5 | |||||
| (754) | (698) | Net cash used in investing activities | (1 150) | (1 804) | ||
| (429) | 95 | Net cash flow before dividends and financing activities | 734 | (842) | ||
| Dividends paid | ||||||
| (512) | (216) | Ordinary shares | (176) | (417) | ||
| Minorities | (14) | (19) | ||||
| (512) | (216) | Dividends paid | (190) | (436) | ||
| (941) | (121) | Net cash flow before financing activities | 544 | (1 278) | ||
| Cash flows from financing activities | ||||||
| 1 434 | 811 | Borrowings raised | 680 | 1 273 | ||
| Non-recourse equity-settled BEE borrowings | 18 | (49) | ||||
| (35) | (58) | Settlement of share-based payment awards | (65) | (39) | ||
| (455) | (674) | Inter-group loans | ||||
| 944 | 79 | Net cash from financing activities | 633 | 1 185 | ||
| 3 | (42) | Net increase/(decrease) in cash and cash equivalents | 1 177 | (93) | ||
| 97 | 100 | Balance at beginning of year | 1 877 | 1 668 | ||
| Currency alignment | (313) | 302 | ||||
| 100 | 58 | Cash and cash equivalents at end of year | 2 741 | 1 877 | ||
