CONSOLIDATED STATEMENTS OF CASH FLOWS
for the year ended 30 April 2020
GROUP
COMPANY
2020
R’m
2019
R’m
2020
R’m
2019
R’m
Net cash flows from operating activities 996 148 2 7
Cash from operating activities 539 571 (5) (4)
Finance income 4 - - -
Dividends received - - 58 54
Finance costs paid (90) (82) (2) (2)
Tax paid
(117) (64) - -
Dividends paid (102) (84) (49) (41)
Changes in working capital 762 (193) - -
Net cash flows used in investment activities (927) (112) 9 (6)
Purchase of property, plant and equipment (268) (188) - -
Purchase of intangible assets (6) - - -
Proceeds from the disposal of property, plant and equipment 18 3 - -
Proceeds/(purchase) from/of the sale of financial asset - ( 6) 9 (6)
Proceeds from the disposal of investment property 2 - - -
Acquisition of subsidiaries (228) (25) - -
Dividends received from investments in joint ventures 5 2 - -
Additional loans received from related parties 29 14 - -
Repayment of loans from related parties - (11) - -
Additional loans advanced to related and third parties (510) (49) - -
Repayment of loans to related and third parties 31 148 - -
Net cash flows before financing activities 69 36 11 1
Net cash used in financing activities (24) (1) - -
Treasury shares purchased (13) (1) - -
Repayment of interest-bearing loans (6) - - -
Repayment of lease liabilities (7) - - -
Deferred government grants received 2 - - -
Net increase/(decrease) in cash and cash equivalents 45 35 11 1
Cash and cash equivalents at the beginning of the year - (35) (31) (32)
Cash and cash equivalents at the end of the year 45 - (20) (31)
11 SENWESBEL CONDENSED ANNUAL REPORT 2020 Senwesbel Limited Reg nr: 1996/017629/06