Annual
Financial Report
2018
2018
Currently viewing: Consolidated statement of cash flows / Next: Notes to the consolidated financial statements
for the year ended 31 December
| United States Dollar | |||||||||||
| Figures in millions unless otherwise stated | Notes | 2018 | 2017 | 2016 | |||||||
| Cash flows from operating activities | 557.8 | 762.4 | 917.5 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash generated by operations | 28 | 998.0 | 1,286.5 | 1,245.4 | |||||||
| Interest received | 6.8 | 5.1 | 7.3 | ||||||||
| Change in working capital | 29 | (16.3) | (69.4) | (2.3) | |||||||
| Cash generated by operating activities | 988.5 | 1,222.2 | 1,250.4 | ||||||||
| Interest paid | (91.0) | (90.4) | (81.7) | ||||||||
| Royalties paid | 30 | (65.5) | (66.0) | (76.4) | |||||||
| Taxation paid | 31 | (217.2) | (239.5) | (155.6) | |||||||
| Net cash from operations | 614.8 | 826.3 | 936.7 | ||||||||
| Dividends paid/advanced | (57.0) | (70.7) | (40.7) | ||||||||
| – Owners of the parent | (45.5) | (62.8) | (39.2) | ||||||||
| – Non-controlling interest holders | (9.8) | (6.4) | (0.2) | ||||||||
| – South Deep BEE dividend | (1.7) | (1.5) | (1.3) | ||||||||
| Cash generated by continuing operations | 557.8 | 755.6 | 896.0 | ||||||||
| Cash generated by discontinued operations | – | 6.8 | 21.5 | ||||||||
| Cash flows from investing activities | (886.8) | (908.6) | (867.9) | ||||||||
| Additions to property, plant and equipment | (814.2) | (833.6) | (628.5) | ||||||||
| Proceeds on disposal of property, plant and equipment | 78.9 | 23.2 | 2.3 | ||||||||
| Purchase of Gruyere Gold project assets | 16.2 | – | – | (197.1) | |||||||
| Purchase of Asanko Gold joint venture investment | 15 | (165.0) | – | – | |||||||
| Purchase of investments | (19.3) | (80.1) | (12.7) | ||||||||
| Proceeds on disposal of investments | 0.5 | – | 4.4 | ||||||||
| Proceeds on disposal of Arctic Platinum Project | 40.0 | – | – | ||||||||
| Proceeds on disposal of Darlot | – | 5.4 | – | ||||||||
| Contributions to environmental trust funds | (7.7) | (16.7) | (14.8) | ||||||||
| Cash utilised in continuing operations | (886.8) | (901.8) | (846.4) | ||||||||
| Cash utilised in discontinued operations | – | (6.8) | (21.5) | ||||||||
| Cash flows from financing activities | 257.3 | 84.2 | 37.0 | ||||||||
| Shares issued | – | – | 151.5 | ||||||||
| Loans raised | 691.7 | 779.7 | 1,298.7 | ||||||||
| Loans repaid | (431.9) | (695.5) | (1,413.2) | ||||||||
| Payment of finance lease liabilities | (2.5) | – | – | ||||||||
| Cash generated by continuing operations | 257.3 | 84.2 | 37.0 | ||||||||
| Cash generated by discontinued operations | – | – | – | ||||||||
| Net cash (utilised)/generated | (71.7) | (62.0) | 86.6 | ||||||||
| Effect of exchange rate fluctuation on cash held | (7.6) | 14.3 | 0.1 | ||||||||
| Cash and cash equivalents at beginning of the year | 479.0 | 526.7 | 440.0 | ||||||||
| Cash and cash equivalents at end of the year | 21 | 399.7 | 479.0 | 526.7 | |||||||
| The accompanying notes form an integral part of these consolidated financial statements. |