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Our performance
Our business
Governance review
Administration
Overview
Rm
2016
2015
Cash flows from operating activities
Cash generated from operations
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
Net additions to property, plant and equipment and
intangible assets
(13 229)
(12 282)
Business combinations
(573)
(1 018)
Other investing activities
122
169
Net cash flows utilised in investing activities
(13 680)
(13 131)
Cash flows from financing activities
Movement in borrowings, including finance costs paid
388
9 610
Dividends paid
(11 736)
(11 909)
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
7 751
8 870
47
Driven by strong EBITDA
performance, partially offset by
an increase in tax payments of
R477 million, mainly due to
higher profitability.
The increase in cash outflows
from net additions to property,
plant and equipment and
intangible assets mainly relate
to the settlement of prior
year capex creditors in the
current year coupled with the
acquisition of spectrum in the
DRC, partially offset by lower
capital expenditure of
R430 million. Business
combinations relate to the
current year acquisition of our
mobile customer base from
Autopage and from Nashua in
the previous financial year.
Increase in net cash flows
utilised is driven mainly by the
increase in debt in the prior year
to fund our capital investment
programme. This has
significantly stepped down in
the current financial year.
Acquisitions of additional
interests in subsidiaries in the
prior year relate to the
acquisition of our 17.2%
additional interest in Tanzania.
Summarised
Consolidated statement
of cash flows
For the year ended 31 March