Our business
Our performance
Governance review
Other
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 |
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 |