2020 Integrated Annual Report

and Consolidated & Separate
Financial Statements

Statements of cash flows

for the year ended 30 June 2020

Group    Company  
Note June 2020 
R'000 
June 2019 
R'000 
June 2020 
R'000 
June 2019 
R'000 
  
Net cash flows from operating activities  316 711  (186 730) 315 388  (142 102)   
   Cash generated from operations  N1  1 733 439  2 149 932  1 612 127  2 034 024    
   Interest received  84 961  174 128  57 128  77 152    
   Interest paid  (587 807) (550 115) (434 336) (293 650)   
   Taxation paid  N2.1  3 586  (4 208) –  –    
Cash flows from operating activities before distributions  1 234 179  1 769 737  1 234 919  1 817 526    
   Dividends paid  N2.3  (917 468) (1 956 467) (919 531) (1 959 628)   
Net cash flows from investing activities  509 127  567 235  (491 400) (1 159 509)   
   Acquisition of and additions to investment property  E1.5  (140 896) (95 064) (140 629) (94 670)   
   Additions to property, plant and equipment  E2.3  (83 695) (45 051) (71 379) (43 457)   
   Proceeds on disposal of assets classified as held-for-sale  –  201 437  –  201 437    
   Increase in investment in subsidiary  E4.4  –  –  (398 020) –    
   Increase in investment in joint venture  E5.5.1  (1 730) –  (1 730) –    
   Advances of shareholder loans receivable  F1.5  –  –  –  (1 486 633)   
   Loans receivable repaid  F1.5  669 396  224 517  –  –    
   Loans receivable advanced  F1.5  (70 856) –  (16 550) (17 582)   
   Dividends received  N2.2  136 908  281 396  136 908  281 396    
Net cash flows from financing activities  (1 248 006) 275 645  (160 038) 1 708 078    
   Loans repaid  H1.3  (2 469 969) (1 414 851) (1 408 020) –    
   Loans raised  H1.3  1 247 982  1 708 078  1 247 982  1 708 078    
   Purchase of Hyprop shares by Hyprop Share Scheme  G1.2  (26 019) (17 582) –  –    
Net (decrease)/increase in cash and cash equivalents  (422 168) 656 150  (336 050) 406 467    
Cash and cash equivalents at the beginning of the year  1 285 337  715 493  1 062 412  655 789    
Effects of changes in exchange rates  (28 137) (44 950) –  –    
Cash and cash equivalents transferred (to)/from assets classified as held-for-sale  (155) (41 356) –  156    
Cash and cash equivalents at the end of the year  F3.2  834 877  1 285 337  726 362  1 062 412