|
|
|
Group |
|
Company |
|
|
Note |
|
2014
Rm |
|
Restated1
2013
Rm |
|
2014
Rm |
|
2013
Rm |
|
Cash flows from operating activities |
|
|
|
|
|
|
|
|
|
|
Cash generated from operations |
|
|
20 633 |
|
28 784 |
|
19 150 |
|
28 847 |
|
Net cash flows (used in)/from financial trading assets |
|
|
(1 471) |
|
1 701 |
|
(1 250) |
|
1 743 |
|
Net cash flows from/(used in) financial trading liabilities |
|
|
4 383 |
|
(2 317) |
|
4 383 |
|
(2 317) |
|
Net cash flows from/(used in) current derivatives held for risk management |
|
|
10 278 |
|
(331) |
|
10 278 |
|
(331) |
|
Net cash flows (used in)/from non-current assets held-for-sale |
|
|
(23) |
|
48 |
|
– |
|
– |
|
Income taxes paid |
|
|
(184) |
|
(216) |
|
– |
|
– |
|
Net cash from operating activities |
|
|
33 616 |
|
27 669 |
|
32 561 |
|
27 942 |
|
Cash flows used in investing activities |
|
|
|
|
|
|
|
|
|
|
Proceeds from disposal of property, plant and equipment |
|
|
28 |
|
36 |
|
23 |
|
10 |
|
Acquisitions of property, plant and equipment |
|
|
(52 137) |
|
(53 445) |
|
(52 658) |
|
(53 742) |
|
Acquisitions of intangible assets |
|
|
(1 023) |
|
(1 887) |
|
(953) |
|
(1 820) |
|
Expenditure on future fuel supplies |
|
|
(2 675) |
|
(2 533) |
|
(2 675) |
|
(2 533) |
|
Decrease/(increase) in non-current trade and other receivables |
|
|
434 |
|
(136) |
|
(6) |
|
10 |
|
Increase in non-current loans receivable |
|
|
(229) |
|
(990) |
|
– |
|
– |
|
Decrease in finance lease receivables |
|
|
17 |
|
37 |
|
17 |
|
37 |
|
Net cash flows from non-current assets held-for-sale |
|
|
7 |
|
46 |
|
– |
|
– |
|
Dividends received |
|
|
27 |
|
34 |
|
21 |
|
16 |
|
Dividends received – investment in equity-accounted investees |
|
|
21 |
|
– |
|
– |
|
– |
|
(Decrease)/increase in non-current trade and other payables |
|
|
(1 677) |
|
479 |
|
(369) |
|
(85) |
|
Net cash used in investing activities |
|
|
(57 207) |
|
(58 359) |
|
(56 600) |
|
(58 107) |
|
Cash flows from financing activities |
|
|
|
|
|
|
|
|
|
|
Debt securities and borrowings raised |
|
|
44 142 |
|
31 120 |
|
43 681 |
|
31 072 |
|
Debt securities and borrowings repaid |
|
|
(8 014) |
|
(7 149) |
|
(7 488) |
|
(7 064) |
|
Net cash flows from/(used in) net loans to subsidiaries |
|
|
– |
|
– |
|
32 |
|
(290) |
|
Decrease in investment in securities |
|
|
5 748 |
|
5 047 |
|
6 058 |
|
4 988 |
|
Decrease in finance lease liabilities |
|
|
(11) |
|
(31) |
|
(58) |
|
(72) |
|
Interest received |
|
|
2 768 |
|
2 765 |
|
2 884 |
|
2 891 |
|
Interest paid |
|
|
(11 838) |
|
(9 968) |
|
(11 856) |
|
(9 925) |
|
Net cash from financing activities |
|
|
32 795 |
|
21 784 |
|
33 253 |
|
21 600 |
|
Net increase/(decrease) in cash and cash equivalents |
|
|
9 204 |
|
(8 906) |
|
9 214 |
|
(8 565) |
|
Cash and cash equivalents at beginning of the year |
|
|
10 620 |
|
19 450 |
|
9 830 |
|
18 395 |
|
Foreign currency translation |
|
|
(23) |
|
(49) |
|
– |
|
– |
|
Cash and cash equivalents at beginning of the year attributable to non-current assets held-for-sale |
|
|
(125) |
|
125 |
|
– |
|
– |
|
Cash and cash equivalents at end of the year |
|
|
19 676 |
|
10 620 |
|
19 044 |
|
9 830 |
|
Reconciliation of net cash flow to movement in net debt |
|
|
|
|
|
|
|
|
|
|
Net increase in debt securities and borrowings |
|
|
36 128 |
|
23 971 |
|
36 193 |
|
24 008 |
|
Net cash flows from/(used in) net loans to subsidiaries |
|
|
– |
|
– |
|
32 |
|
(290) |
|
Decrease in investment in securities |
|
|
5 748 |
|
5 047 |
|
6 058 |
|
4 988 |
|
Increase in loans receivable |
|
|
(459) |
|
(1 034) |
|
– |
|
– |
|
Decrease in finance lease liabilities |
|
|
(11) |
|
(31) |
|
(58) |
|
(72) |
|
Net cash flows from/(used in) derivatives held for risk management |
|
|
10 278 |
|
(331) |
|
10 278 |
|
(331) |
|
Net debt raised |
|
|
51 684 |
|
27 622 |
|
52 503 |
|
28 303 |
|
Non-cash flow movements |
|
|
1 416 |
|
(13 223) |
|
1 374 |
|
(13 151) |
|
Foreign currency translation |
|
|
23 |
|
49 |
|
– |
|
– |
|
Cash and cash equivalents at beginning of the year attributable to non-current assets held-for-sale |
|
|
125 |
|
(125) |
|
– |
|
– |
|
Net (increase)/decrease in cash and cash equivalents |
|
|
(9 204) |
|
8 906 |
|
(9 214) |
|
8 565 |
|
Movement in net debt for the year |
|
|
44 044 |
|
23 229 |
|
44 663 |
|
23 717 |
|
Net debt at beginning of the year |
|
|
161 044 |
|
137 815 |
|
166 840 |
|
143 123 |
|
Net debt at end of the year |
|
|
205 088 |
|
161 044 |
|
211 503 |
|
166 840 |
|
Analysis of net debt |
|
|
|
|
|
|
|
|
|
|
Debt securities and borrowings |
|
|
254 820 |
|
202 956 |
|
252 816 |
|
200 888 |
|
Finance lease liabilities |
|
|
500 |
|
511 |
|
769 |
|
826 |
|
Net loans to subsidiaries |
|
|
– |
|
– |
|
(4 212) |
|
(4 220) |
|
Derivatives held for risk management |
|
|
(10 666) |
|
(5 914) |
|
(10 666) |
|
(5 914) |
|
|
|
|
244 654 |
|
197 553 |
|
238 707 |
|
191 580 |
|
Cash and cash equivalents |
|
|
(19 676) |
|
(10 620) |
|
(19 044) |
|
(9 830) |
|
Investment in securities |
|
|
(10 907) |
|
(17 350) |
|
(8 160) |
|
(14 910) |
|
Loans receivable |
|
|
(8 983) |
|
(8 539) |
|
– |
|
– |
|
Net debt at end of the year |
|
|
205 088 |
|
161 044 |
|
211 503 |
|
166 840 |
|
 |
 |
 |
 |
 |
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