Consolidated statement of cash flows

 

For the year ended 31 March
Rm Notes   2016      2015      
Cash generated from operations1   22      29 800       26 198      
Tax paid         (5 456)      (4 979)     
Net cash flows from operating activities         24 344       21 219      
Cash flows from investing activities                    
Additions to property, plant and equipment and intangible assets           (13 565)        (12 810)     
Proceeds on disposal of property, plant and equipment and intangible assets         336       528      
Business combinations   23      (573)      (1 018)     
Finance income received         683       598      
Repayment of loans granted and equity investments         (39)      172      
Other investing activities2         (522)      (601)     
Net cash flows utilised in investing activities         (13 680)      (13 131)     
Cash flows from financing activities                    
Borrowings incurred           6 789       11 424      
Borrowings repaid         (4 004)      (63)     
Finance costs paid         (2 397)      (1 751)     
Dividends paid – equity shareholders         (11 658)      (11 800)     
Dividends paid – non-controlling interests         (78)      (109)     
Repurchase and sale of shares         (167)      (168)     
Acquisition of additional interest in subsidiary         (129)      (2 576)     
Net cash flows utilised in financing activities         (11 644)      (5 043)     
Net (decrease)/increase in cash and cash equivalents         (980)      3 045       
Cash and cash equivalents at the beginning of the year         8 870       5 792       
Effect of foreign exchange rate changes         (139)      33       
Cash and cash equivalents at the end of the year   24      7 751       8 870       

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.
2. Consists mainly of the movement in cash restricted deposits as a result of M-Pesa related activities