CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2020
GROUP
COMPANY
NOTES
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 27 539 571 (5) (4)
Finance income 22.3 4 - - -
Dividends received 23 - - 58 54
Finance costs paid 22.2 (90) (82) (2) (2)
Tax paid 29 (117) (64) - -
Dividends paid 25.2 (102) (84) (49) (41)
Changes in working capital 28 762 (193) - -
Net cash flows used in investment activities (927) (112) 9 (6)
Purchase of property, plant and equipment 30 (268) (188) - -
Purchase of intangible assets 5 (6) - - -
Proceeds from the disposal of property, plant and equipment 31 18 3 - -
Proceeds from sale/(purchase) of financial asset 6.1 - (6) 9 (6)
Proceeds from the disposal of investment property 3 2 - - -
Acquisition of subsidiaries 6.2 (228) (25) - -
Dividends received from investments in joint ventures 8.1.1 5 2 - -
Additional loans received from related parties 32 29 14 - -
Repayment of loans from related parties 32 - (11) - -
Additional loans advanced to related and third parties 32 (510) (49) - -
Repayment of loans to related and third parties 32 31 148 - -
Net cash flows before financing activities 69 36 11 1
Net cash used in financing activities (24) (1) - -
Treasury shares purchased 15.2 (13) (1) - -
Repayment of interest-bearing loans 7.2.3 (6) - - -
Repayment of lease liabilities 4 (7) - - -
Deferred government grants received 7.4 2 - - -
Net increase in cash and cash equivalents 45 35 11 1
Cash and cash equivalents - beginning of the year 7.1.3, 7.2.4 - (35) (31) (32)
Cash and cash equivalents - end of the year 7.1.3, 7.2.4 45 - (20) (31)
* Change in presentation of finance costs and cost of sales. Refer to note 35.
Senwesbel Limited Reg no: 1996/017629/06 SENWESBEL ANNUAL FINANCIAL STATEMENTS 2020 14