Annual Financial Statements 2017

Group Statement of Cash Flows
for the year ended 31 March 2017

Rm Notes 2017 Restated 2016
Cash flows from operating activities
Cash generated from operations 37 1 091 1 056
Interest received 38 140 79
Interest paid 39 (84) (62)
Net cash flows (paid to)/received from insurance and policyholder contracts 41 (272) 441
Net cash flows (paid to)/received from policyholder investment contracts 42 (1 007) 5 688
Taxation paid 43 (378) (467)
Dividends paid (509) (352)
Cash flows from operating activities – discontinued operations 250 220
Net cash (outflow)/inflow from operating activities (769) 6 603
Cash flows from investing activities
Proceeds from sale of subsidiaries and businesses 22 883 (2)
Dividends received from associates 5
Payments for financial assets (192) (260)
Proceeds from disposal of financial assets 219 206
Payments for capital expenditure incurred on property, equipment and computer software (125) (166)
Cash flows from investing activities – discontinued operations (9) (16)
Net cash inflow/(outflow) from investing activities 776 (233)
Cash flows from financing activities
Repayment of borrowings 26 (83) (383)
Proceeds from borrowings raised 100 84
Proceeds from non-controlling interests 744
Payments made to non-controlling interests (113) (11)
Cash flows from financing activities – discontinued operations (117) (90)
Net cash inflow/(outflow) from financing activities 531 (400)
Increase in cash and cash equivalents 538 5 970
Cash and cash equivalents at the beginning of the year 15 748 9 674
Exchange (loss)/gain on foreign cash and cash equivalents (199) 104
Cash and cash equivalents at the end of the year 16 087 15 748
Analysed as follows:
Cash and cash equivalents of disposal groups classified as held for sale 22 11 13
Cash and cash equivalents of continuing operations 21 6 263 4 877
Cash held under multi-manager investment contracts 9 813 10 820
Cash held under cell-captive insurance contracts 38
16 087 15 748

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