| |
|
Audited |
| R million |
Notes |
2020 |
Restated *
2019 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Operating cash flows before movements in working capital |
|
5 210 |
6 474 |
| Movement in working capital |
|
670 |
765 |
| Cash generated from operations before investment in rental fleets and leasing receivables
|
|
5 880 |
7 239 |
| Inflow of investment in leasing receivables |
|
65 |
161 |
| Fleet leasing and equipment rental fleet |
|
(673) |
(1 118) |
| |
Additions |
|
(2 347) |
(2 940) |
| |
Proceeds on disposal |
|
1 674 |
1 822 |
| Vehicles rental fleet |
|
524 |
(809) |
| |
Additions |
|
(2 192) |
(3 546) |
| |
Proceeds on disposal |
|
2 716 |
2 737 |
| Cash generated from operations |
|
5 796 |
5 473 |
| Finance costs |
|
(1 274) |
(1 134) |
| Realised adjustments on financial instruments |
|
(223) |
(130) |
| Dividends received from investments, associates and joint ventures |
|
20 |
72 |
| Interest received |
|
155 |
204 |
| Taxation paid |
|
(933) |
(774) |
| Cash inflow from operations |
|
3 541 |
3 711 |
| Dividends paid (including non-controlling interest) |
|
(1 127) |
(1 057) |
| Cash retained from operating activities |
|
2 414 |
2 654 |
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Acquisition of subsidiaries |
14 |
(2 766) |
(5) |
| Proceeds on disposal of subsidiaries |
14 |
14 |
(84) |
| Investments realised |
15 |
367 |
114 |
| Acquisition of intangible assets |
15 |
(84) |
(163) |
| Proceeds on disposal of intangible assets |
|
|
5 |
| Acquisition of property, plant and equipment |
|
(536) |
(633) |
| |
Replacement capital expenditure |
|
(254) |
(154) |
| |
Expansion capital expenditure |
|
(282) |
(479) |
| Proceeds on disposal of property, plant and equipment |
|
39 |
119 |
| Net cash used in investing activities |
|
(2 966) |
(647) |
| Net cash (outflow)/inflow before financing activities |
|
(552) |
2 007 |
| |
|
Audited |
| R million |
Notes |
2020 |
Restated *
2019 |
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
| Shares repurchased for equity-settled share-based payments |
|
(87) |
(122) |
| Share buy back |
|
(1 562) |
|
| Non-controlling interest loan contribution |
|
|
9 |
| Proceeds from Khula Sizwe black public equity funding |
|
|
164 |
| Proceeds from long-term borrowings |
|
2 760 |
69 |
| Repayment of long-term borrowings |
|
(1 978) |
(1 449) |
| Movement in short-term interest-bearing liabilities |
|
444 |
(1 529) |
| Repayments of lease liabilities |
|
(343) |
|
| Net cash used in financing activities |
|
(766) |
(2 858) |
| Net decrease in cash and cash equivalents |
|
(1 318) |
(851) |
| Cash and cash equivalents at beginning of year |
|
7 274 |
7 893 |
| Cash and cash equivalents held for sale at the beginning of year |
|
29 |
19 |
| Effect of foreign exchange rate movement on cash balance |
|
443 |
71 |
| Effect of foreign exchange rate movement on USD denominated cash |
|
(187) |
171 |
| Cash balance held in Escrow |
|
502 |
|
| Effect of cash balances classified as held for sale |
|
|
(29) |
| Cash and cash equivalents at end of year |
|
6 743 |
7 274 |