for the year ended 31 March 2023
| Notes | 31 March 2023 Rm |
31 March 2023 Rm |
|
| Cash flows from operating activities | 5 126 | 8 152 | |
|---|---|---|---|
| Cash receipts from customers | 40 422 | 41 614 | |
| Cash paid to suppliers and employees | (33 717) | (31 728) | |
| Cash generated from operations1 | 3.6 | 6 705 | 9 886 |
| Interest received | 282 | 235 | |
| Dividend received | – | 22 | |
| Finance charges paid | 6.6 | (1 456) | (1 188) |
| Taxation paid | 8.3 | (547) | (764) |
| Repayment of derivatives – FECs | (28) | (114) | |
| Proceeds from derivatives – FECs | 178 | 80 | |
| Cash generated from operations before dividend paid | 5 134 | 8 157 | |
| Dividend paid | 9.4 | (8) | (5) |
| Cash flows utilised for investing activities | (5 827) | (9 298) | |
| Proceeds on disposal of property, plant and equipment and intangible assets | 92 | 16 | |
| Additions to property, plant and equipment and intangible assets | (6 620) | (8 031) | |
| SMME loans advanced to external parties | 7.3 | (97) | – |
| Investments made by FutureMakers2 | (9) | (53) | |
| Investment in equity fund | – | (9) | |
| Repayment of derivatives – FECs | (49) | (267) | |
| Proceeds from derivatives – FECs | 317 | 188 | |
| Proceeds from plan assets | 10.1 | 543 | – |
| Restricted cash | (4) | (1 142) | |
| Cash flows received/(utilised) from financing activities | 931 | (617) | |
| Loans raised | 3.7 | 25 970 | 1 150 |
| Loans repaid | 3.7 | (23 650) | (193) |
| Purchase of shares for the Telkom and subsidiaries long-term incentive share scheme | (250) | (393) | |
| Repayment of principal lease liability | (1 086) | (1 076) | |
| Repayment of derivatives – interest rate swaps | (53) | (105) | |
| Net increase/(decrease) in cash and cash equivalents | 230 | (1 763) | |
| Net cash and cash equivalents at 01 April | 3 239 | 5 002 | |
| Net cash and cash equivalents at the end of the year | 4.4 | 3 469 | 3 239 |
| 1 | The deterioration in cash is driven by the increase in trade receivables and contract debtors as a result of higher post-paid mobile handset sales. The collections derived from mobile handset sales are deferred over a 24 or 36-month contract while the cost of sales is recorded immediately. The increase in cash paid to suppliers and employees is mainly due to the increase in high-end mobile contract sales resulting in higher average handset costs and higher post-paid revenue. |
| 2 | FutureMakers is an enterprise and supplier development (ESD) Programme. In partnership with Identity FutureFund (Pty) Ltd, the fund was created in terms of the Department of Trade and Industry's Code of Good Practice on Black Economic Empowerment 2007, as amended, and specifically in terms of the Information and Technology Charter. |