CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
6 MONTHS ENDED 31 OCTOBER
2022 UNAUDITED
R ’ m
2021 UNAUDITED
R ’ m *
12 MONTHS ENDED 30 APRIL
2022 AUDITED
R ’ m
Cash flows from operating activities 918 658 1 298 Dividends received 3 2 - Finance income received from the non-lending business 47 19 38 Tax paid ( 100 ) ( 67 ) ( 179 ) Finance costs paid on the non-lending business ( 110 ) ( 60 ) ( 95 ) Dividends paid ( 87 ) ( 71 ) ( 108 ) Changes in operating capital 32 ( 882 ) ( 800 ) Net cash flows from operating activities 703 ( 401 ) 154 Net cash flows used in investment activities ( 536 ) ( 24 ) ( 204 ) Net cash flows before financing activities 167 ( 425 ) ( 50 ) Net cash flows ( used in )/ from financing activities ( 93 ) 875 553 Net increase in cash and cash equivalents 74 450 503 Cash and cash equivalents - beginning of the period ( 2 ) ( 505 ) ( 505 ) Cash and cash equivalents - end of the period ** 72 ( 55 ) ( 2 )
* During the prior year ( 30 April 2022 ), the group adjusted its presentation of other operating income , as well as other statement of comprehensive income and cash flows used in operating activities line items . This constituted a reclassification of amounts to ensure improved presentation and comparability . The impact of this voluntary change in presentation on the consolidated financial statements is limited to the statement of comprehensive income and the statement of cash flows , and consequently adjusted in the 31 October 2021 comparative figures as disclosed in these interim results .
** Includes bank overdraft ( R45m ) and cash and short-term deposits ( R117m ).
AGRIBEL UNAUDITED INTERIM RESULTS OCTOBER 2022 7