| Notes | 2022 R'000 |
2021 R'000 |
||
|---|---|---|---|---|
| Cash flows from operating activities | ||||
| Cash received from customers | 16 698 666 | 18 988 312 | ||
| Cash paid to suppliers, financiers and employees | (15 764 089) | (17 248 453) | ||
| Cash generated by operations | 1.6 | 934 577 | 1 739 859 | |
| Interest received | 80 993 | 59 719 | ||
| Interest paid | (201 091) | (126 780) | ||
| Taxation paid | (165 710) | (204 756) | ||
| Net cash generated from operating activities | 648 769 | 1 468 042 | ||
| Cash flows from investing activities | ||||
| Acquisition of intangible assets* | (1 013 334) | (36 704) | ||
| Proceeds on disposal of intangible assets | — | 4 301 | ||
| Acquisition of property, plant and equipment | (77 813) | (71 214) | ||
| Proceeds on disposal of property, plant and equipment | 9 793 | 4 115 | ||
| Acquisition of subsidiary, net of cash acquired | — | 83 | ||
| Acquisition of shares in associate | (15 340) | — | ||
| Contingent consideration received** | 117 791 | — | ||
| Proceeds from disposal of shares in joint ventures | — | 190 555 | ||
| Liquidity support granted | — | (331 000) | ||
| Loans advanced to associates and joint ventures | (26 565) | (52 259) | ||
| Loans repaid by associates and joint ventures | 1 805 | 39 204 | ||
| Dividend received from associate and joint venture | 2.1 | 5 885 | 14 000 | |
| Loans granted | (40 774) | (74 274) | ||
| Loans receivable repaid | 27 943 | 67 520 | ||
| Net cash utilised in investing activities | (1 010 609) | (245 673) | ||
| Cash flows from financing activities | ||||
| Interest-bearing borrowings raised | 3.6.2 | 1 627 141 | 152 007 | |
| Interest-bearing borrowings repaid | 3.6.2 | (870 502) | (751 053) | |
| Non-interest-bearing borrowings raised | 3.6.2 | — | 270 | |
| Non-interest-bearing borrowings repaid | 3.6.2 | (270) | (13 959) | |
| Lease repayments | 3.9 | (37 857) | (49 900) | |
| Settlement of financial guarantee | 3.6.3 | — | (53 285) | |
| Settlement of forward exchange contracts | — | (2 895) | ||
| Acquisition of non-controlling interest | 6.2 | (11 000) | — | |
| Acquisition of treasury shares*** | 6.1 | (9 301) | (43 924) | |
| Dividends paid to non-controlling interest | (30 050) | (57 148) | ||
| Net cash generated by/(utilised in) financing activities | 668 161 | (819 887) | ||
| Net increase in cash and cash equivalents | 306 321 | 402 482 | ||
| Cash and cash equivalents at the beginning of the year | 2 417 207 | 2 014 725 | ||
| Cash and cash equivalents at the end of the year | 3.5.4 | 2 723 528 | 2 417 207 |
| * | Acquisitions of intangible assets in the current period include significant cash outflows of R928 million relating to the subscription income sharing arrangement that commenced during the 2021 financial year. |
| ** | Settlement of the contingent consideration relating to the disposal of the VAS operations in April 2020. |
| *** | Approximately 1.4 million shares were repurchased over the period 4 to 5 April 2022 at a weighted average price of R6.45 per share. |
