Agribel Interim Results 2020/2021 | Page 8

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
6 MONTHS ENDED 31 OCTOBER
12 MONTHS ENDED 30 APRIL
2020 UNAUDITED
R ’ m
2019 UNAUDITED
R ’ m
2020 AUDITED
R ’ m
Cash flows from operating activities
438
337
539
Finance income
8
-
4
Tax paid
( 73 )
( 59 )
( 117 )
Finance costs paid
( 40 )
( 42 )
( 90 )
Dividends paid
( 51 )
( 47 )
( 102 )
Changes in operating capital
( 354 )
92
762
Net cash flows from operating activities
( 72 )
281
996
Net cash flows used in investment activities
( 216 )
( 184 )
( 927 )
Net cash flows before financing activities
( 288 )
97
69
Net cash flows from /( used in ) financing activities
( 51 )
2
( 24 )
Net increase in cash and cash equivalents
( 339 )
99
45
Cash and cash equivalents - beginning of the period
45
-
-
Cash and cash equivalents - end of the period *
294
99
45
* Includes bank overdraft ( R411m ) and cash and short-term deposits ( R116m ).
6 AGRIBEL HOLDINGS INTERIM RESULTS 31 OCTOBER 2020