Condensed consolidated statement of cash flows
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| for the six months ended 31 December 2020 | Note | % change |
Unaudited 31 December 2020 Rm |
Unaudited 31 December 2019 Rm |
Audited 30 June 2020 Rm |
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| Cash flows from operating activities | ||||||||
| Cash generated from operations before movements in net working capital | (11) | 2 407 | 2 712 | 3 788 | ||||
| Movements in net working capital | 3 014 | (1 011) | 333 | |||||
| Cash generated by operations before interest, tax paid and capital expenditure on vehicles for hire | 5 421 | 1 701 | 4 121 | |||||
| Finance costs paid | (450) | (532) | (1 067) | |||||
| Finance income received | 32 | 25 | 59 | |||||
| Dividends received | 57 | 263 | 462 | |||||
| Tax paid | (301) | (336) | (571) | |||||
| Cash generated by operations before capital expenditure on vehicles for hire | >100 | 4 759 | 1 121 | 3 004 | ||||
| Net replacement capital expenditure – vehicles for hire | 301 | (1 922) | (795) | |||||
| – Additions | (771) | (3 661) | (4 960) | |||||
| – Proceeds on disposals | 1 072 | 1 739 | 4 165 | |||||
| 5 060 | (801) | 2 209 | ||||||
| Cash flows from investing activities | ||||||||
| Cash outflow on acquisition of businesses | (115) | (250) | (583) | |||||
| Cash inflow from disposals of businesses | 23 | – | 31 | |||||
| Cash outflow on payment of contingent consideration | (2) | (9) | (9) | |||||
| Net capital expenditure – property, plant and equipment and intangible assets | (125) | (170) | (324) | |||||
| Expansion of property, plant and equipment and intangible assets | (57) | (51) | (167) | |||||
| Net replacement capital expenditure – property, plant and equipment and intangible assets | (68) | (119) | (157) | |||||
| Replacements of property, plant and equipment and intangible assets | (146) | (251) | (337) | |||||
| Proceeds on disposal of property, plant and equipment and intangible assets | 78 | 132 | 180 | |||||
| Movements in investments in associates | 5 | 5 | 50 | |||||
| Additions to investments | (4) | (105) | (105) | |||||
| Proceeds on sale of investments | 6 | – | 16 | |||||
| Cash received on net investment in lease receivables | 29 | 23 | 53 | |||||
| (183) | (506) | (871) | ||||||
| Cash flows generated from operating and investing activities | 4 877 | (1 307) | 1 338 | |||||
| Cash flows from financing activities | ||||||||
| Repurchase of own shares | (101) | (71) | (313) | |||||
| Dividends paid to equity holders of Motus | – | (474) | (474) | |||||
| Dividends paid to non-controlling interests | – | (3) | (16) | |||||
| Advances of loans from non-controlling interests and associates | 10 | – | 2 | |||||
| Repayment of lease liabilities | (289) | (243) | (522) | |||||
| (Decrease)/increases in floorplan liabilities | (841) | 98 | (193) | |||||
| (Repayments)/advances of banking liabilities | (2 865) | 1 289 | 2 536 | |||||
| Repayments of settled facilities | (300) | – | (1 457) | |||||
| (4 386) | 596 | (437) | ||||||
| Net increase/(decrease) in cash and cash equivalents | 491 | (711) | 901 | |||||
| Effects of exchange rate changes on cash and cash equivalents | (97) | 56 | 144 | |||||
| Cash and cash equivalents at the beginning of the period | 1 985 | 940 | 940 | |||||
| Cash and cash equivalents at the end of the period | 8 | 2 379 | 285 | 1 985 |