Summary financial information

Consolidated statement of cash flows

for the year ended 30 June 2017

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   2017 
Rm 
   2016 
Rm 
  
Cash flows from operating activities             
Cash generated from operations  3 049     4 216    
Exploration costs  (8)    (13)   
Finance cost  (716)    (589)   
Income tax paid  (1 312)    (883)   
Net cash from operating activities  1 013     2 731    
Cash flows from investing activities             
Purchase of property, plant and equipment  (3 432)    (3 658)   
Proceeds from sale of property, plant and equipment  49     42    
Purchase of available-for-sale financial assets  (7)    (152)   
Purchase of held-to-maturity financial assets  –     (70)   
Proceeds from available-for-sale financial assets  –     23    
Proceeds from held-to-maturity financial assets     40    
Loans granted  (1)    (2)   
Loan repayments received  15     24    
Finance income  426     394    
Dividends received  279     439    
Net cash used in investing activities  (2 664)    (2 920)   
Cash flows from financing activities             
Issue of ordinary shares, net of transaction cost  479     3 902    
Shares purchased – Long-term Incentive Plan  (38)    (17)   
Repayments of borrowings  (4 593)    (13)   
Cash from CCIRS  728     –    
Proceeds from borrowings net of transaction costs  6 278     389    
Dividends paid to non-controlling interest  (54)    (46)   
Net cash from financing activities  2 800     4 215    
Net increase in cash and cash equivalents  1 149     4 026    
Cash and cash equivalents at the beginning of the year  6 788     2 597    
Effect of exchange rate changes on cash and cash equivalents held in foreign currencies  (98)    165    
Cash and cash equivalents at the end of the year  7 839     6 788    

The notes on pages 15 to 22 are an integral part of these summarised financial statements.