Agribel Annual Financial Review | Page 16

AGRIBEL HOLDINGS LTD FINANCIAL REVIEW 2021
FOR THE YEAR ENDED 30 APRIL 2021
GROUP
COMPANY
Notes
2021 R ' m
2020 R ' m
2021 R ' m
2020 R ' m
Net cash flows from operating activities
( 9 )
996
-
2
Cash from operating activities
27
906
539
( 4 )
( 5 )
Finance income
22.3
6
4
1
-
Dividends received
23
-
-
60
58
Finance costs paid
22.2
( 98 )
( 90 )
-
( 2 )
Tax paid
29
( 143 )
( 117 )
( 3 )
-
Dividends paid
25.2
( 114 )
( 102 )
( 55 )
( 49 )
Changes in working capital
28
( 566 )
762
1
-
Net cash flows ( used in )/ generated from investment activities
( 348 )
( 927 )
24
9
Purchase of property , plant and equipment
30
( 188 )
( 268 )
-
-
Purchase of intangible assets
5.2
-
( 6 )
-
-
Proceeds from the disposal of property , plant and equipment
31
111
18
-
-
Proceeds from the sale of financial asset
15.2.2
-
-
51
9
Proceeds from the disposal of investment property
3
-
2
-
-
Acquisition of subsidiaries
6.2
( 318 )
( 228 )
-
-
Dividends received from investments in joint ventures
8 ; 23
3
5
-
-
Additional loans received from related parties
32
19
29
-
-
Repayment of loans from related parties
32
( 98 )
-
-
-
Additional loans advanced to related- and third parties
32
( 17 )
( 510 )
( 27 )
-
Repayment of loans to related- and third parties
32
140
31
-
-
Net cash flows before financing activities
( 357 )
69
24
11
Net cash used in financing activities
( 193 )
( 24 )
( 54 )
-
Treasury shares purchased
15.2
( 20 )
( 13 )
-
-
Proceeds from interest-bearing loans
7.2.3
323
-
323
-
Repayment of interest-bearing loans
7.2.3
( 20 )
( 6 )
-
-
Additional shares purchased in subsidiary
6.1 ; 6.2
( 462 )
-
( 377 )
Repayment of principal portion of lease liabilities
4
( 21 )
( 7 )
-
-
Deferred government grants received
7.4
7
2
-
-
Net ( decrease )/ increase in cash and cash equivalents
( 550 )
45
( 30 )
11
Cash and cash equivalents at the beginning of the year
7.1.4 , 7.2.4
45
-
( 20 )
( 31 )
Cash and cash equivalents at the end of the year
7.1.4 , 7.2.4
( 505 )
45
( 50 )
( 20 )
14 AGRIBEL ANNUAL FINANCIAL REVIEW 2021 Agribel Holdings Limited Reg nr : 1996 / 017629 / 06