Integrated Annual Report 2016
Together
creating value for all
  • Compare to last year

    Compare
  • View our reporting tools

    Report tools

Summarised consolidated statement of cash flows

for the year ended 31 December 2016

  Group  
  2016
Rm
  2015
Rm
 
Cash generated/(utilised in) from operations 873   (264)  
Interest income 67   9  
Finance cost (525)   (554)  
Income tax paid (2)   (40)  
Transaction costs on B-BBEE share transaction (55)    
Realised foreign exchange movements (268)   (258)  
Cash flows from operating activities 90   (1 107)  
Investment to maintain operations (1 673)   (1 164)  
Investment to expand operations (335)   (92)  
Investment in associates and joint ventures (11)   (8)  
Proceeds on disposal or scrapping of assets 67   2  
Dividend from equity-accounted investments/subsidiaries   114  
Interest income from investments 7   8  
Cash flows from investing activities (1 945)   (1 140)  
Borrowings (repaid)/raised (3 079)   4 029  
Proceeds from rights issue/issue of share capital 4 500    
Finance lease obligation repaid (62)   (92)  
Cash flows from financing activities 1 359   3 937  
(Decrease)/increase in cash and cash equivalents (496)   1 690  
Effect of foreign exchange rate changes on cash and cash equivalents (8)   20  
Cash and cash equivalents at the beginning of the year 2 164   454  
Cash and cash equivalents at the end of the year 1 660   2 164  

© ArcelorMittal 2017