Summary consolidated statement of cash flows

  Year ended 31 March 
   2015  2014 
   Rm  Rm 
Cash flows from operating activities       
Cash operating profit  1 663.7  1 922.4 
Working capital movements  (314.1) 105.2 
Cash generated from operations  1 349.6  2 027.6 
Net financing costs  (355.8) (336.4)
Taxation paid  (252.7) (298.6)
Dividend income  2.8  5.1 
Distributions/dividends paid  (575.9) (556.9)
Net cash inflows from operating activities  168.0  840.8 
Cash flows from investing activities       
Replacement capital expenditure  (365.6) (342.6)
Expansion/opportunity capital expenditure  (318.3) (366.2)
Expansion of area under cane  (5.7) (7.9)
Capitalisation of product registrations  (9.9) (5.3)
Proceeds on disposal of property, plant and equipment  9.6  8.7 
Movement on investments and loans  21.5  (17.1)
Acquisition of business  –  15.6 
Proceeds on disposal of shareholding in joint ventures  –  9.5 
Net cash outflows from investing activities  (668.4) (705.3)
Net cash (outflows)/inflows before financing activities  (500.4) 135.5 
Cash flows from financing activities       
Long-term borrowings repaid  (79.6) (175.3)
Short-term borrowings raised  276.2  226.9 
Issue of share capital  0.8  1.3 
Purchase of shares in terms of forfeitable share plan  (5.9) – 
Proceeds on part-disposal of shareholding in subsidiary  189.3  – 
Net cash inflows from financing activities   380.8  52.9 
Net (decrease)/increase in cash and cash equivalents  (119.6) 188.4 
Cash and cash equivalents at beginning of the year  597.1  453.5 
Exchange rate translation  (1.0) (44.8)
Cash and cash equivalents at end of the year  476.5  597.1 

 

AGM

Date: Wed, 15 July

Time: 14:00

Venue: Illovo Sugar Park


Notice of AGM

Proxy

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Illovo Sugar Park, 1 Montgomery Drive, Mount Edgecombe, KwaZulu-Natal

Tel: +27 31 508 4300