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    Massmart 2017 - Removed

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    consuming the oxygen of organic substances, thereby transforming them into hydrogen-rich products. For example, the fermentation of cellulose leads to the production of hydrogen, methane, acetic acid, carbon dioxide and butyric acid. The coals which form

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    Massmart 2017 - Removed

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    consuming the oxygen of organic substances, thereby transforming them into hydrogen-rich products. For example, the fermentation of cellulose leads to the production of hydrogen, methane, acetic acid, carbon dioxide and butyric acid. The coals which form

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    Massmart 2017_removed

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    consuming the oxygen of organic substances, thereby transforming them into hydrogen-rich products. For example, the fermentation of cellulose leads to the production of hydrogen, methane, acetic acid, carbon dioxide and butyric acid. The coals which form

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    35 views1 page

    Massmart 2017 - Removed

    Uploaded by

    tm
    consuming the oxygen of organic substances, thereby transforming them into hydrogen-rich products. For example, the fermentation of cellulose leads to the production of hydrogen, methane, acetic acid, carbon dioxide and butyric acid. The coals which form

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    MASSMART GROUP ANNUAL FINANCIAL STATEMENTS 2017

    GROUP STATEMENT OF CASH FLOWS


    For the year ended 31 December 2017

    Restated
    December 2017 December 2016
    Rm Notes 53 weeks 52 weeks
    CASH FLOWS FROM OPERATING ACTIVITIES

    Cash inflow from trading activities 38.1 3,964.7 3,700.9


    Working capital movements 38.2 705.8 (279.0)
    Cash generated from operations 4,670.5 3,421.9

    Finance costs paid (620.0) (518.4)


    Finance income received 26.4 29.1
    Dividends received 80.0 50.0
    Taxation paid 38.3 (795.0) (573.9)
    Dividends paid (689.9) (453.2)

    Net cash inflow from operating activities 2,672.0 1,955.5

    CASH FLOWS FROM INVESTING ACTIVITIES

    Investment to maintain operations 38.4 (678.5) (826.7)


    Investment to expand operations 38.5 (1,138.3) (953.7)
    Proceeds on disposal of property, plant and equipment 38.6 12.9 27.3
    Proceeds on disposal of non- current assets classified as held for
    sale 38.7 9.4 –
    Investment in subsidiaries and businesses 38.8 (6.5) (17.7)
    Other net investing activities 38.9 (5.7) (4.1)

    Net cash outflow from investing activities (1,806.7) (1,774.9)

    CASH FLOWS FROM FINANCING ACTIVITIES

    (Decrease)/increase in non-current liabilities 40 (403.3) 1,463.4


    Decrease in current liabilities 40 (433.2) (223.0)
    Non-controlling interests acquired 38.10 (112.6) (177.7)
    Net acquisition of treasury shares (193.1) (103.2)

    Net cash (outflow)/inflow from financing activities (1,142.2) 959.5

    Net (decrease)/increase in cash and cash equivalents (276.9) 1,140.1

    Foreign exchange movements on cash and cash equivalents (38.7) (76.9)


    Cash and cash equivalents at the beginning of the year 2,621.7 1,558.5

    Cash and cash equivalents at the end of the year 38.11 2,306.1 2,621.7

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