Consolidated statement of cash flows

for the year ended 31 March

Rm  Notes    2018     2017    
Cash generated from operations  21    32 299     31 791    
Tax paid      (6 194)    (6 051)   
Net cash flows from operating activities      26 105     25 740    
Cash flows from investing activities                 
Additions to property, plant and equipment and intangible assets      (10 825)    (11 689)   
Proceeds from disposal of property, plant and equipment and intangible assets      187     73    
Business combinations  22        (285)  
Acquisition of subsidiary and associate (net of cash and cash equivalents acquired)     (410)    –    
Proceeds on disposal of associate      797     –    
Dividends received from associate  12    1 988     –    
Finance income received      859     689    
Repayment of loans granted and equity investments           295    
Other investing activities 1      (1 122)    (1 278)   
Net cash flows utilised in investing activities      (8 526)    (12 195)   
Cash flows from financing activities                 
Borrowings incurred  21    1 124     4 000    
Borrowings repaid  21    (107)    (1 568)   
Finance costs paid  21    (3 182)    (2 699)   
Dividends paid - equity shareholders      (13 010)    (11 657)   
Dividends paid - non-controlling interests      (393)    (91)   
Repurchase and sale of shares      (269)    (134)   
Changes in subsidiary holdings      2 770     240    
Net cash flows utilised in financing activities      (13 067)    (11 909)   
Net increase/(decrease) in cash and cash equivalents      4 512     1 636    
Cash and cash equivalents at the beginning of the year      8 873     7 751    
Effect of foreign exchange rate changes      (847)    (514)   
Cash and cash equivalents at the end of the year  23    12 538     8 873    

Note:
1. Consists mainly of the movement in restricted cash deposits of R821 million (2017: R836 million) as a result of M-Pesa related activities.



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