Summary group statement of cash flows

for the year ended 31 December 2020

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  Note     2020 
Rm 		   2021
Rm		  
Net cash generated from operating activities        58 513   36 289  
Cash generated from operations        78 580   55 197  
Interest received        1 305   1 196  
Interest paid        (13 576)   (13 014)  
Dividends received from associates and joint ventures        608   550  
Income tax paid        (8 404)   (7 640)  
Net cash used in investing activities        (33 512)   (24 542)  
Acquisition of property, plant and equipment         (23 502)   (23 416)  
Acquisition of intangible assets         (6 678)   (3 624)   
Proceeds from sale of investment in associates   19       8 962   –   
Increase in non-current investment and joint venture         (260)   (71)  
Proceeds from sale of investment in Jumia         2 315   –   
Proceeds from sale of subsidiaries, net of cash disposed         –   1 152  
Decrease in loan receivables         25   942  
(Purchase)/realisation of bonds, treasury bills and foreign deposits         (8 116)   396  
Net increase in restricted cash         (6 285)   (12)  
Movement in other investing activities         27   91  
Net cash used in financing activities         (13 705)   (4 340)  
Proceeds from borrowings   16       22 551   35 013  
Repayment of borrowings   16       (22 655)   (23 662)  
Repayment of lease liabilities         (4 998)   (3 417)  
Dividends paid to equity holders of the company         (6 462)   (9 352)   
Dividends paid to non-controlling interests         (2 093)   (1 460)   
Redemption of MTN Nigeria preference shares         –   (1 243)   
Other financing activities         (48)   (219)   
Net increase in cash and cash equivalents         11 296   7 407  
Net cash and cash equivalents at beginning of the year        21 607   14 967  
Exchange losses on cash and cash equivalents         (2 179)   (1 300)  
Net monetary gain/(loss) on cash and cash equivalents        36   (82)  
(Increase)/decrease in cash classified as held for sale   21       (124)   615  
Net cash and cash equivalents at end of the year        30 636   21 607