Group |
Company |
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33. Reconciliation of profit for the year to cash generated from operations |
2015 Rm |
2014 Rm |
2015 Rm |
2014 Rm |
|||||||||
| Cash generated from operations | 6 642 | 6 312 | 6 271 | 5 811 | |||||||||
| Profit for the year | 3 256 | 3 943 | 3 203 | 3 870 | |||||||||
| Finance charges and fair value movements | 471 | 292 | 471 | 292 | |||||||||
| Taxation | (168) | 494 | (190) | 320 | |||||||||
| Investment income | (283) | (176) | (506) | (387) | |||||||||
| Interest received from trade receivables and subsidiaries | (187) | (160) | (187) | (191) | |||||||||
| Non-cash items | 4 261 | 1 429 | 4 327 | 1 360 | |||||||||
| Depreciation, amortisation, impairment and write-offs | 5 478 | 5 937 | 5 457 | 5 872 | |||||||||
| Debtors impairment | 444 | 340 | 400 | 310 | |||||||||
| Cost of equipment disposed when recognising finance leases | 8 | 16 | 8 | 16 | |||||||||
| Telkom retirement fund curtailment | – | 103 | – | 103 | |||||||||
| Post-retirement medical aid settlement (gain)/loss | (221) | 234 | (221) | 234 | |||||||||
| Post-retirement medical aid curtailment gain | – | (2 403) | – | (2 403) | |||||||||
| Decrease in provisions | (957) | (2 712) | (960) | (2 696) | |||||||||
| Profit on disposal of property, plant and equipment and intangible assets | (246) | (66) | (246) | (66) | |||||||||
| Cell captive transfer* | – | 350 | – | 344 | |||||||||
| Reclassification of Trudon as held for sale | (134) | – | – | – | |||||||||
| Loss on disposal of subsidiary | – | 23 | – | – | |||||||||
| Deferred revenue | (111) | (393) | (111) | (354) | |||||||||
| (Decrease)/increase in working capital | (708) | 490 | (847) | 547 | |||||||||
| Inventories | 146 | 114 | 145 | 82 | |||||||||
| Accounts receivable | (500) | 111 | (778) | (6) | |||||||||
| Accounts payable | (354) | 265 | (214) | 471 | |||||||||
| * Transfer from sinking fund to annuity. |