Abridged cash flow statement

For the first time in the past four years the Group has seen a departure from higher traffic volume growth experienced during the year when compared to the underlying real growth in gross domestic product. Departing passenger growth was 0.8% and aircraft landings reduced by 1.5%. It is our view that this was due to the structural changes within specifically the domestic market as indicated in the introduction section.

	FY2018/19	FY2017/18	Movement R’000	%
Net cash inflow from operating activities	2 934 714	2 884 751	49 963	1.7%
Net cash inflow/(outflow) from investing activities	2 488	(1 514 469)	1 516 957	100,2%
Cash flows from financing activities
Financial instruments held for trading	(2 103)	(2 289)	186	8,1%
Interest-bearing borrowings repaid	(2 296 355)	(552 953)	(1 743 402)	-315,3%
Interest paid	(773 337)	(808 771)	35 434	4,4%
Net cash outflow from financing activities	(3 187 399)	(1 717 465)	(1 469 934)	-85,6%
Decrease in cash and cash equivalents	(250 197)	(347 183)	96 986	27,9%
Cash and cash equivalents at the beginning of the year	1 373 840	1 721 023	(347 183)	-20,2%
Cash and cash equivalents at the end of the year	1 123 643	1 373 840	(250 197)	-18,2%

Detailed information on operational performance against the Group’s run airports, develop airports and grow footprint strategic pillars is available in the performance overview on pages 60 to 80.