|
Note |
Six months ended 30 June 2024 Reviewed Rm |
Six months ended 30 June 2023 Reviewed Rm |
Financial year ended 31 December 2023 Audited Rm |
|||||
|
Net cash generated from operating activities |
|
15 964 |
31 226 |
64 058 |
||||
|
Cash generated from operations |
|
27 452 |
45 294 |
93 127 |
||||
|
Interest received |
|
1 028 |
1 649 |
2 811 |
||||
|
Interest paid |
|
(6 775) |
(8 384) |
(16 284) |
||||
|
Dividends received from associates and joint ventures |
|
43 |
4 |
228 |
||||
|
Income tax paid |
|
(5 784) |
(7 337) |
(15 824) |
||||
|
Net cash used in investing activities |
|
(16 582) |
(22 973) |
(52 255) |
||||
|
Acquisition of property, plant and equipment |
|
(11 391) |
(14 495) |
(32 187) |
||||
|
Acquisition of intangible assets |
|
(2 673) |
(5 620) |
(13 710) |
||||
|
Acquisition of right-of-use asset1 |
(418) |
(251) |
(901) |
|||||
|
Cash deconsolidated on disposal of MTN Afghanistan, net of proceeds received |
(833) |
– |
– |
|||||
|
Realisation of current investment bonds, treasury bills and foreign deposits |
(3 044) |
184 |
745 |
|||||
|
Net decrease/(increase) in restricted cash |
|
1 708 |
(2 699) |
(6 593) |
||||
|
Movement in other investing activities |
|
69 |
(92) |
391 |
||||
|
Net cash used in financing activities |
|
(16 247) |
(9 090) |
(9 485) |
||||
|
Proceeds from borrowings |
10 441 |
15 667 |
33 381 |
|||||
|
Repayment of borrowings |
(16 260) |
(10 509) |
(26 027) |
|||||
|
Repayment of lease liabilities |
|
(3 837) |
(5 981) |
(7 828) |
||||
|
Dividends paid to equity holders of the Company |
|
(5 963) |
(5 963) |
(5 963) |
||||
|
Dividends paid to non-controlling interests |
|
(955) |
(2 655) |
(3 776) |
||||
|
Purchase of treasury shares |
|
(1 237) |
(1 299) |
(1 299) |
||||
|
Consideration received on MTN Ghana share localisation |
|
750 |
215 |
715 |
||||
|
Proceeds from MTN Nigeria secondary offer |
|
– |
1 175 |
1 175 |
||||
|
Proceeds from MTN Uganda share localisation |
|
1 036 |
– |
– |
||||
|
Other financing activities |
|
(222) |
260 |
137 |
||||
|
Net (decrease)/ increase in cash and cash equivalents |
|
(16 865) |
(837) |
2 318 |
||||
|
Net cash and cash equivalents at beginning of the period |
|
36 555 |
43 634 |
43 634 |
||||
|
Exchange losses on cash and cash equivalents |
|
(4 663) |
(6 226) |
(9 730) |
||||
|
Net monetary gains on cash and cash equivalents |
|
24 |
871 |
916 |
||||
|
Decrease/(increase) in cash classified as held for sale |
|
1 128 |
(291) |
(583) |
||||
|
Net cash and cash equivalents at end of the period |
|
16 179 |
37 151 |
36 555 |
||||
1 Relates to fully prepaid leases.
