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Integrated Report 2016
ANNUAL FINANCIAL STATEMENTS
(continued)
SIX
THREE
ONE
FOUR
TWO
26. NOTES TO THE STATEMENTS OF CASH FLOWS
26.1 OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES
Profit before taxation from continuing operations
549 931
491 805
Loss before taxation from discontinued operations
(198 889)
(151 965)
Profit before taxation
351 042
339 840
Adjusted for:
–– amortisation of intangibles
9 161
60 372
–– depreciation
138 904
135 726
–– loss on disposal/scrapping of property, plant and equipment
958
491
–– dividend income
(9 179)
(10 670)
–– finance income
(13 504)
(19 887)
–– finance costs
85 462
100 983
–– profit on disposal of business
–
(8 260)
–– equity accounted earnings
(59 288)
(65 608)
–– share-based payment expenses
39 919
15 081
–– accelerated Mpho ea Bophelo settlement
(26 511)
(1 235)
–– provision for accounts receivable impairment and credit notes
10 888
18 423
–– increase in provisions and post-retirement medical liability
2 760
25 055
–– profit on disposal of intangibles property, plant and equipment
(320)
–
–– impairment in discontinued operations
207 971
–
–– straight-lining of leases
3 555
6 196
–– impairment of property, plant and equipment and intangible assets
3 149
81 822
–– impairment of long-term receivable and investment
5 489
6 336
–– inventories written off
68 602
89 425
–– increase/(decrease) in inventory provisions
14 558
(57 243)
–– foreign exchange (gain)/loss
(6 244)
5 487
–– write-off of India rental deposit
–
2 216
827 372
724 550
26.2 WORKING CAPITAL CHANGES
Increase in inventories
(89 656)
(139 408)
Increase in trade and other receivables
(56 006)
(182 471)
Increase in trade and other payables
259 414
195 456
113 752
(126 423)
26.3 DIVIDENDS PAID
Dividends paid to equity holders of the parent
(190 762)
–
Dividends paid to non-controlling shareholders
(6 215)
(4 537)
(196 977)
(4 537)
2016
R’000
2015
R’000