| Company |
|
|
Consolidated |
| 2017 |
2018 |
|
Rmillion |
2018 |
2017 |
| |
|
|
|
|
|
| |
|
|
Cash generated from operations |
|
|
| 844 |
451 |
|
Operating profit before dividends |
1 958 |
2 333 |
| 1 024 |
707 |
|
Dividends received |
|
|
| 1 868 |
1 158 |
|
Operating profit |
1 958 |
2 333 |
| (144) |
(16) |
|
Surplus on disposal of property, plant and equipment |
(106) |
(42) |
| |
|
|
Adjustments for: |
|
|
| (144) |
(3) |
|
Growing crops valuation and other non-cash items |
(271) |
(38) |
| 335 |
402 |
|
Depreciation |
1 001 |
1 027 |
| 1 915 |
1 541 |
|
Operating cash flow |
2 582 |
3 280 |
| |
|
|
Cash required by operations |
|
|
| (119) |
2 |
|
Inventories |
(233) |
(201) |
| 3 |
|
|
Growing crops |
|
3 |
| (137) |
(89) |
|
Trade and other receivables |
(725) |
288 |
| 5 |
197 |
|
Trade and other payables |
651 |
(194) |
| (248) |
110 |
|
(Increase)/decrease in working capital |
(307) |
(104) |
| 1 667 |
1 651 |
|
Cash flow from operations |
2 275 |
3 176 |
| (17) |
(25) |
|
Tax payments |
(354) |
(482) |
| (857) |
(972) |
|
Net financing costs |
(878) |
(810) |
| 793 |
654 |
|
Cash flow from operating activities |
1 043 |
1 884 |
| |
|
|
Cash flows from investing activities |
|
|
| |
|
|
Expenditure on property, plant and equipment |
|
|
| (299) |
(490) |
|
- New |
(876) |
(423) |
| (168) |
(188) |
|
- Replacement |
(298) |
(228) |
| (239) |
(323) |
|
- Cane roots |
(887) |
(418) |
| |
|
|
Major plant overhaul cost changes |
(1) |
26 |
| (144) |
(79) |
|
Expenditure on intangible assets |
(106) |
(166) |
| 152 |
61 |
|
Proceeds on disposal of property, plant and equipment |
155 |
54 |
| |
|
|
Investments |
|
5 |
| (698) |
(1 019) |
|
Net cash used in investing activities |
(2 013) |
(1 150) |
| 95 |
(365) |
|
Net cash flow before dividends and financing activities |
(970) |
734 |
| |
|
|
Dividends paid |
|
|
| (216) |
(405) |
|
Ordinary shares |
(330) |
(176) |
| |
|
|
Minorities |
(24) |
(14) |
| (216) |
(405) |
|
Dividends paid |
(354) |
(190) |
| (121) |
(770) |
|
Net cash flow before financing activities |
(1 324) |
544 |
| |
|
|
Cash flows from financing activities |
|
|
| 811 |
1 567 |
|
Borrowings raised |
1 611 |
680 |
| |
|
|
Non-recourse equity-settled BEE borrowings |
(19) |
18 |
| (58) |
(57) |
|
Settlement of share-based payment awards |
(65) |
(65) |
| (674) |
(734) |
|
Inter-group loans |
|
|
| 79 |
776 |
|
Net cash from financing activities |
1 527 |
633 |
| (42) |
6 |
|
Net increase/(decrease) in cash and cash equivalents |
203 |
1 177 |
| 100 |
58 |
|
Balance at beginning of year |
2 741 |
1 877 |
| |
|
|
Currency alignment |
(282) |
(313) |
| 58 |
64 |
|
Cash and cash equivalents at end of year |
2 662 |
2 741 |
| |
|
|
|
|
|
