Annual Financial Statements 2016

Group Statement of Cash Flows
for the year ended 31 March 2016

Rm

Notes

2016

2015

Cash flows from operating activities

Cash generated from operations

37

1 313

1 043

Interest received

38

84

104

Interest paid

39

(62)

(119)

Net cash flows received from insurance and policyholder contracts

41

568

274

Net cash flows received from/(paid to) policyholder investment contracts

42

5 561

(2 901)

Taxation paid

43

(500)

(524)

Dividends paid to equity holders

(352)

Cash flows from operating activities – discontinued operations

(9)

3

Net cash inflow/(outflow) from operating activities

6 603

(2 120)

Cash flows from investing activities

Dividends received from associates

5

Payments for financial assets

(260)

(406)

Proceeds received on disposal of financial assets

206

435

Payments for capital expenditure incurred on property, equipment and computer software

(183)

(110)

Proceeds from sale of property, equipment and computer software

1

1

Cash flows from investing activities – discontinued operations

22

(2)

(2)

Net cash outflow from investing activities

(233)

(82)

Cash flows from financing activities

Proceeds from the issue of shares

23

316

Payments for the redemption of B preference shares

(178)

Payments for the purchase of treasury shares

(24)

Repayment of borrowings

(383)

(1 250)

Proceeds from borrowings raised

84

1 000

Payments made to non-controlling interests

(101)

(130)

Net cash outflow from financing activities

(400)

(266)

Increase/(decrease) in cash and cash equivalents

5 970

(2 468)

Cash and cash equivalents at the beginning of the year

9 674

12 129

Exchange gain on foreign cash and cash equivalents

104

13

Cash and cash equivalents at the end of the year

15 748

9 674

Analysed as follows:

Cash and cash equivalents of disposal groups classified as held for sale

13

27

Cash and cash equivalents of continuing operations

21

4 877

4 350

Cash held under multi-manager investment contracts

10 820

5 297

Cash held under cell-captive insurance contracts

38

15 748

9 674