Telkom Integrated Report 2017

133

Telkom Integrated Report 2017

Condensed consolidated statement

of cash flows

for the year ended 31 March 2017

Notes

2017

Restated*

2016

Cash flows from operating activities

5 542

6 701

Cash receipts from customers

39 961

37 690

Cash paid to suppliers and employees

(31 051)

(28 996)

Cash generated from operations

8 910

8 694

Interest received

453

465

Finance charges paid

(469)

(768)

Taxation paid

(1 181)

(288)

Cash generated from operations before dividend paid

7 713

8 103

Dividend paid

(2 171)

(1 402)

Cash flows from investing activities

(6 637)

(8 215)

Proceeds on disposal of property, plant and equipment and intangible assets

230

567

Acquisition of subsidiary, net of cash acquired

(22)

(2 255)

Investments made by FutureMakers

–

(13)

Acquisition of non-controlling interest by BCX

15.4

–

(89)

Additions to assets for capital expansion**

(8 479)

(5 891)

Increase/(decrease) in repurchase agreements

1 634

(534)

Cash flows from financing activities

412

Loans raised

2 431

4 020

Purchase of shares for theTelkom share plan and subsidiaries long-term incentive share scheme

(234)

–

Loans repaid

(1 539)

(3 746)

Finance lease repaid

(43)

(430)

Repayment of net derivatives

(673)

(62)

Proceeds from net derivatives

127

630

Net decrease in cash and cash equivalents

(1 026)

(1 102)

Net cash and cash equivalents at beginning of year

2 542

3 642

Effect of foreign exchange rate gains on cash and cash equivalents

Net cash and cash equivalents at end of year

1 519

2 542

* R50 million restated from additions to assets for capital expansion to cash paid to suppliers due to fraud at one of the subsidiaries (Trudon). Refer to note 2.2.3

** Includes R48 million (2016: R83 million) inventory purchases in the current financial year.