INTEGRATED REPORT 2019

Abridged cash flow statement

For the first time in the past four years the Group has seen a departure from higher traffic volume growth experienced during the year when compared to the underlying real growth in gross domestic product. Departing passenger growth was 0.8% and aircraft landings reduced by 1.5%. It is our view that this was due to the structural changes within specifically the domestic market as indicated in the introduction section.

FY2018/19 FY2017/18 Movement
R’000
%
Net cash inflow from operating activities 2 934 714 2 884 751 49 963 1.7%
Net cash inflow/(outflow) from investing activities 2 488 (1 514 469) 1 516 957 100,2%
Cash flows from financing activities
Financial instruments held for trading (2 103) (2 289) 186 8,1%
Interest-bearing borrowings repaid (2 296 355) (552 953) (1 743 402) -315,3%
Interest paid (773 337) (808 771) 35 434 4,4%
Net cash outflow from financing activities (3 187 399) (1 717 465) (1 469 934) -85,6%
Decrease in cash and cash equivalents (250 197) (347 183) 96 986 27,9%
Cash and cash equivalents at the beginning of the year 1 373 840 1 721 023 (347 183) -20,2%
Cash and cash equivalents at the end of the year 1 123 643 1 373 840 (250 197) -18,2%

Detailed information on operational performance against the Group’s run airports, develop airports and grow footprint strategic pillars is available in the performance overview on pages 60 to 80.

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