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GOLD FIELDS LIMITED INTEGRATED ANNUAL REPORT 2021

Consolidated statement of cash-flowsfor the year ended 31 December 2021

   United States Dollar 
Figures in millions unless otherwise stated  2021    2020    2019 
Cash flows from operating activities  1,230.2    1,111.4    845.0 
Cash generated by operations  2,347.3    1,933.9    1,302.8 
Interest received  7.4    7.6    6.6 
Change in working capital  (89.4)   (171.8)   (24.6)
Cash generated by operating activities  2,265.3    1,769.7    1,284.8 
Silicosis payment  (4.4)   (3.5)   (4.6)
Interest paid  (103.2)   (127.2)   (132.0)
Royalties paid  (108.8)   (102.5)   (72.3)
Taxation paid  (448.8)   (278.7)   (181.8)
Net cash from operations  1,600.1    1,257.8    894.1 
Dividends paid  (369.9)   (146.4)   (49.1)
— Owners of the parent  (322.3)   (137.7)   (45.5)
— Non-controlling interest holders  (46.7)   (7.6)   (2.2)
— South Deep BEE dividend  (0.9)   (1.1)   (1.4)
Cash flows from investing activities  (1,070.5)   (607.4)   (446.8)
Additions to property, plant and equipment  (1,088.7)   (583.7)   (612.5)
Capital expenditure — working capital  28.7    (7.1)   — 
Proceeds on disposal of property, plant and equipment  2.8    0.7    3.7 
Purchase of Asanko Gold  —    —    (20.0)
Purchase of investments  (27.4)   (0.6)   (6.5)
Redemption of Asanko Preference Shares  5.0    37.5    10.0 
Proceeds on disposal of subsidiary  —    —    6.2 
Proceeds on disposal of Maverix associate  —    —    66.8 
Proceeds on disposal of investments  19.2    22.9    112.6 
Loan advanced — contractors  —    (68.4)   — 
Contributions to environmental trust funds  (10.1)   (8.7)   (7.1)
Cash flows from financing activities  (510.5)   (139.8)   (104.6)
Loans raised  207.5    689.8    1,538.0 
Loans repaid  (644.2)   (1,014.2)   (1,604.3)
Payment of principal lease liabilities  (73.8)   (64.4)   (38.3)
Proceeds from the issue of shares  —    249.0    — 
Net cash (utilised)/generated  (350.8)   364.2    293.6 
Effect of exchange rate fluctuation on cash held  (11.3)   7.6    1.7 
Cash and cash equivalents at beginning of the year  886.8    515.0    219.7 
Cash and cash equivalents at end of the year  524.7    886.8    515.0