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Statement of cash flows - ZAR (R)
R in Millions
 6 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Jun. 30, 2020
Statement of cash flows      
Cash receipts from customers R 88,890 R 102,955 R 196,798
Cash paid to suppliers and employees (77,144) (83,322) (154,414)
Cash generated by operating activities [1] 11,746 19,633 42,384
Dividends received from equity accounted investments 3 15 208
Finance income received 406 363 792
Finance costs paid (3,192) (2,999) (7,154)
Tax paid (1,575) (3,301) (5,659)
Cash available from operating activities 7,388 13,711 30,571
Dividends paid (8) (11) (31)
Dividends paid to non-controlling shareholders in subsidiaries (227) (334) (810)
Cash retained from operating activities 7,153 13,366 29,730
Total additions to non-current assets [2] (9,554) (25,295) (41,935)
Additions to non-current assets (7,509) (21,442) (35,164)
Decrease in capital project related payables (2,045) (3,853) (6,771)
Cash movements in equity accounted investments   (137) (284)
Proceeds on disposals and scrappings [3] 33,963 2,032 4,285
Acquisition of interest in equity accounted investments     (512)
Purchase of investments (67) (72) (121)
Other net cash flow from investing activities 5 (459) 17
Cash generated by/(used in) investing activities 24,347 (23,931) (38,550)
Proceeds from long-term debt 21 18,504 36,487
Repayment of long-term debt [4] (15,365) (23,987) (28,335)
Repayment of lease liabilities (1,175) (1,110) (2,061)
Proceeds from short-term debt 17 15,136 19,998
Repayment of short-term debt [4] (20,578) (1,270) (977)
Cash (used in)/generated by financing activities (37,080) 7,273 25,112
Translation effects on cash and cash equivalents (543) 132 3,607
(Decrease)/increase in cash and cash equivalents (6,123) (3,160) 19,899
Cash and cash equivalents at the beginning of period 34,094 [5] 15,819 15,819
Reclassification to disposal groups held for sale and other long-term investments (363) 11 (1,624)
Cash and cash equivalents at the end of the period [5] R 27,608 R 12,670 R 34,094
[1] Cash generated by operating activities decreased by 40% to R11.7 billion compared to the prior period. Our cash flows were impacted by low crude oil prices, softer chemical prices, plant downtime and the impact of COVID-19, partly negated by our cash conservation initiative.
[2] The movement is mainly as a result of the completion of the LCCP and decreased capital expenditure due to cash conservation initiatives.
[3] Includes proceeds received from the disposal of a portion of our US LCCP Base Chemicals business, as well as our 50% equity interest in the Gemini HDPE LLC (approximately R33 billion
[4] During the period, we utilised proceeds from our asset divestments to repay the US dollar syndicated loan and a portion of our Revolving credit facility. Furthermore, we repaid all our ZAR banking facilities.
[5] Includes bank overdraft.