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Annual Results for the year ended 31 December 2021
Creating economic value for all our stakeholders by delivering
MORE THAN MINING

Summary consolidated statement of cash flows for the year ended 31 December 2021

  Group 
Notes  2021 
R (million)
2020 
R (million)

change 
Cash flows from operating activities 
Cash generated from operations  8 873.9  3 783.2  134.6 
Proceeds from the gold streaming transaction  11    2 093.5  (100.0)
Interest paid  (71.3) (115.0) 38.0 
Interest received  226.0  130.9  72.7 
Dividends paid  (3 070.1) —  (100.0)
Dividend received  0.9  3.0  (70.0)
Income tax paid  (259.3) (69.7) (272.0)
Net cash inflow from operating activities   5 700.1  5 825.9  (2.2)
Cash flows from investing activities 
Proceeds from disposal of property, plant and equipment  2.7  0.6  350.0 
Acquisition of property, plant and equipment  (1 782.5) (1 873.6) 4.9 
Employee housing loan receivable repayments  9.7  7.6  27.6 
Increase in environmental trust deposits and investments  (28.9) (2.9) (896.6)
Net cash outflow from investing activities   (1 799.0) (1 868.3) 3.7 
Cash flows from financing activities 
Repayment of PIC housing facility  (101.0) —  (100.0)
Proceeds from interest-bearing borrowings  10  890.3  2 031.2  (56.2)
Repayment of interest-bearing borrowings  10  (1 499.7) (2 744.9) 45.4 
Repayment of the RPM deferred consideration    (1 851.2) 100.0 
Principal elements of lease payments  (16.0) (14.8) (8.1)
Proceeds from share options exercised  69.7  51.1  36.1 
Settlement of Share Appreciation Rights  (106.9) —  (100.0)
Convertible bonds repurchased/redeemed  (482.3) —  (100.0)
Net cash outflow from financing activities  (1 245.9) (2 528.6) 50.7 
Net increase in cash and cash equivalents  2 655.2  1 429.0  85.8 
Cash and cash equivalents at the beginning of the period  2 243.2  814.2  175.5 
Cash and cash equivalents at the end of the period  4 898.4  2 243.2  118.4 

The notes form an integral part of these summary consolidated annual financial statements.