Summarised Company statement of cash flows

 

For the year ended 31 March
Rm 2016      2015     
Cash utilised in operations1   (47)      (311)     
Tax paid   (151)      (63)     
Net cash utilised in operating activities   (198)      (374)     
Cash flows from investing activities              
Additions to property, plant and equipment and intangible assets   (26)      (6)     
Proceeds on disposal of property, plant and equipment and intangible assets   11       1      
Finance income received   275       94      
Dividends received   11 825       9 691      
Loans granted and equity investments   1 206       (3 167)     
Net cash flows from investing activities   13 291       6 613      
Cash flows from financing activities              
Borrowings incurred   2 000       2 576      
Finance costs paid   (292)      (191)     
Dividends paid – equity shareholders   (11 782)      (11 923)     
Repurchase and sale of shares   (68)      (58)     
Intercompany money market movement   (4 403)      5 785      
Net cash flows utilised in financing activities   (14 545)      (3 811)     
Net (decrease)/increase in cash and cash equivalents   (1 452)      2 428      
Cash and cash equivalents at the beginning of the year   6 176       3 748      
Cash and cash equivalents at the end of the year   4 724       6 176      


Notes:

1. The Group changed the presentation of its statement of cash flows from the direct method to the indirect method in order to align with the Group’s ultimate parent, Vodafone Group Plc.