2015  2014 
    R’000  R’000 

27

NOTES TO THE STATEMENT OF CASH FLOW

   
27.1 Cash generated by operations    
  Profit before taxation 76 792  698 053 
  Adjusted for: 368 998  4 873 
  – interest received (155 258) (112 786)
  – dividends received (21 563) (18 104)
  – loss/(profit) on disposal of property, plant and equipment 1 264  (611)
  – net foreign exchange gains (1 460) (311)
  – cost of inventories written down 236  341 
  – depreciation of property, plant and equipment 38 930  34 286 
  – impairment of non-financial assets 365 073  16 982 
  – amortisation of intangibles 180  180 
  – finance costs 33 391  61 152 
  – impairment of available-for-sale listed investments 114 258  26 327 
  – movement in provisions (4 949) (6 769)
  cash-settled, shared-based payment charges (1 104) 1 760 
  – foreign currency translation reserve arising on consolidation –  2 426 
       
  445 790  702 926 
27.2 Movements in working capital    
  Movement in inventories (297 572) (200 898)
  Movement in foreign currency translation 1 647  36 090 
  Movement in trade and other receivables (26 402) (133 212)
  Movement in trade and other payables (142 696) (98 874)
  Payments against short-term provisions (refer note 19) (28 252) (31 869)
    (493 275) (428 763)
27.3 Finance costs    
  Finance costs per income statement 33 391  61 152 
  Unwinding of discount on environmental obligations (refer note 16) (1 307) (1 263)
  Accrual raised for preference share dividend included in finance costs (11 364) (13 069)
    20 720  46 820 
27.4 Taxation paid    
  Unpaid at beginning of year (29 279) (39 342)
  Charged to the income statement (102 293) (240 486)
  Movement in deferred taxation (refer note 24) (61 781) (1 516)
  Unpaid at end of year 27 428  29 279 
    (165 925) (252 065)
27.5 Dividends paid to shareholders of the holding company    
  Unpaid at beginning of year (1 268) (1 267)
  Declared during the year (refer note 26) (1 186 660) (1 116 856)
  Dividends attributable to treasury shares (refer note 26) 309 400  291 200 
  Unpaid at end of year included in other payables 2 451  1 268 
(876 077) (825 655)