Logo

Statements of cash flows for the year ended 31 March 2024

      Group  Company 
  Notes  31 March 
2024 
Rm
 
31 March 
2023 
Rm 
31 March 
2024 
Rm
 
31 March 
2023 
Rm 
Cash flows from operating activities     8 003  5 126  4 442  3 975 
Cash receipts from customers     43 469  40 422  32 532  30 350 
Cash paid to suppliers and employees     (33 234) (33 717) (27 250) (25 840)
Cash generated from operations 3.6  10 235  6 705  5 282  4 510 
Interest received     447  282  565  609 
Dividend received1       –  616  255 
Finance charges paid 6.6  (2 304) (1 456) (2 066) (1 546)
Taxation paid 8.3  (422) (547)   – 
Repayment of derivatives – FECs     (82) (28) (65) (28)
Proceeds from derivatives – FECs     132  178  111  178 
Cash generated from operations before dividend paid     8 006  5 134  4 443  3 978 
Dividend paid 9.4  (3) (8) (1) (3)
Cash flows utilised for investing activities     (6 197) (5 827) (3 037) (3 536)
Proceeds on disposal of property, plant and equipment and intangible assets     90  92  65  60 
Additions to property, plant and equipment and intangible assets2     (6 331) (6 620) (3 331) (4 415)
Loans repaid by subsidiaries       –  174  96 
SMME loans advanced to external parties 7.3  (7) (97) (7) (97)
SMME loans repaid by external parties 7.3  17  –  10  – 
Investments made by FutureMakers     (9) (9)   – 
Cash received from FutureMakers       –   
Repayment of derivatives – FECs     (93) (49) (73) (49)
Proceeds from derivatives – FECs     149  317  125  317 
Proceeds from plan assets 10.1    543    543 
Restricted cash     (13) (4)   – 
Cash flows (utilised)/received from financing activities     (1 336) 931  (1 349) 703 
Loans raised 3.7  9 363  25 970  9 363  25 970 
Loans repaid    (9 513) (23 650) (9 513) (23 650)
Purchase of shares for the Telkom and subsidiaries long–term                
incentive share scheme       (250)   (250)
Capital repayment of principal lease liability     (1 201) (1 086) (1 214) (1 314)
Repayment of derivatives – interest rate swaps       (53)   (53)
Proceeds from derivatives – interest rate swaps     15  –  15  – 
Net increase in cash and cash equivalents     470  230  56  1 142 
Cash and cash equivalents at 1 April3     3 469  3 239  1 807  665 
Cash and cash equivalents at the end of the year 4.4  3 939  3 469  1 863  1 807 
1 The increase in dividends received for Company is due to cash dividends received from BCX and Gyro Properties.
2 The decrease in additions to property, plant and equipment and intangible assets for Company is mainly due to the Openserve carve-out in September 2022. Openserve's additions were part of Telkom Company for the first five months of the prior year.
3 Included in the cash and cash equivalents is the Swiftnet cash to the amount of R192 million (31 March 2023: R407 million). In the current year, Swiftnet has been disclosed as a non-current asset held for sale. Refer to note 12.2.
Previous