for the year ended 31 December 2024
| Note | 2024 Rm |
2023 Rm |
||
|---|---|---|---|---|
| Net cash generated from operating activities | 46 817 | 64 058 | ||
| Cash generated from operations | 70 502 | 93 127 | ||
| Interest received | 1 879 | 2 811 | ||
| Interest paid | (15 496) | (16 284) | ||
| Dividends received from associates and joint ventures | 84 | 228 | ||
| Income tax paid | (10 152) | (15 824) | ||
| Net cash used in investing activities | (33 341) | (52 255) | ||
| Acquisition of property, plant and equipment | (24 288) | (32 187) | ||
| Acquisition of intangible assets | (6 675) | (13 710) | ||
| Proceeds from sale of property, plant and equipment and intangible assets | 70 | 100 | ||
| (Increase)/decrease loans receivable | (373) | 72 | ||
| (Increase)/decrease in prepayments | (346) | 2 | ||
| Acquisition of right-of-use asset1 | (713) | (901) | ||
| Cash deconsolidated on disposal of subsidiaries, net of cash disposed of | 18 | (836) | – | |
| Realisation of non-current investment bonds | – | 120 | ||
| Purchase of non-current investment bonds and equity instruments | (192) | (34) | ||
| (Purchase)/realisation of current investment treasury bills and foreign deposits | (5 356) | 745 | ||
| Increase in restricted cash | (13 553) | (12 575) | ||
| Decrease in restricted cash | 19 154 | 5 982 | ||
| Other investing activities | (233) | 131 | ||
| Net cash used in financing activities | (16 205) | (9 485) | ||
| Proceeds from MTN Nigeria secondary offer | – | 1 175 | ||
| Proceeds from borrowings | 14 | 34 849 | 33 381 | |
| Repayment of borrowings | 14 | (35 487) | (26 027) | |
| Repayment of lease liabilities | (9 024) | (7 828) | ||
| Purchase of treasury shares | (1 237) | (1 299) | ||
| Consideration received on MTN Ghana share localisation | 18.3 | 1 462 | 715 | |
| Dividends paid to equity holders of the Company | (5 963) | (5 963) | ||
| Dividends paid to non-controlling interest | (1 558) | (3 776) | ||
| Proceeds from MTN Uganda share localisation | 18.4 | 1 036 | – | |
| Decrease in other non-current liabilities | (80) | – | ||
| Acquisition of non-controlling interest | (86) | – | ||
| Contribution from non-controlling interests | 300 | 101 | ||
| Other financing activities | (417) | 36 | ||
| Net (decrease)/increase in cash and cash equivalents | (2 729) | 2 318 | ||
| Net cash and cash equivalents at beginning of the year | 36 555 | 43 634 | ||
| Exchange losses on cash and cash equivalents | (4 365) | (9 730) | ||
| Net monetary (loss)/gain on cash and cash equivalents | (1 541) | 916 | ||
| Decrease/(increase) in cash classified as held for sale | 17.4 | 1 141 | (583) | |
| Net cash and cash equivalents at end of the year | 29 061 | 36 555 |
| 1 | Relates to fully prepaid leases. |
