| |
|
CONSOLIDATED |
THE COMPANY |
| R million |
Notes |
2008 |
2007 |
2008 |
2007 |
| Cash flows – operating activities |
|
|
|
|
|
| Trading profit/(loss) |
|
1 051 |
1 016 |
(3) |
(2) |
| Adjustments |
29.1 |
482 |
820 |
– |
– |
| Consolidated profit/(loss) before working capital changes |
|
1 533 |
1 836 |
(3) |
(2) |
| Working capital changes |
29.2 |
(301) |
(170) |
5 |
2 |
| Cash generated/(utilised) from operations |
|
1 232 |
1 666 |
2 |
– |
| Cash flow generated from returns on investments |
|
3 844 |
3 068 |
2 138 |
3 358 |
| Interest received |
|
296 |
332 |
– |
– |
| Dividends received |
29.3 |
3 548 |
2 736 |
2 138 |
3 358 |
| Finance costs |
|
(43) |
(28) |
– |
– |
| Taxation paid |
29.4 |
(497) |
(676) |
– |
– |
| Cash available from operating activities |
|
4 536 |
4 030 |
2 140 |
3 358 |
| Dividends paid |
29.5 |
(2 252) |
(3 813) |
(2 233) |
(3 782) |
| Cash inflow/(outflow) from operating activities |
|
2 284 |
217 |
(93) |
(424) |
| Cash flows – investing activities |
|
|
|
|
|
| Net investments to maintain operations |
|
198 |
(109) |
– |
– |
| Replacement of property, plant and equipment |
|
(100) |
(124) |
– |
– |
| Proceeds on disposal of property, plant and equipment |
|
|
|
|
|
| and other assets |
|
298 |
15 |
– |
– |
| Investments to expand operations |
|
(3 889) |
(673) |
– |
– |
| Additions to |
– property, plant and equipment and other assets |
|
(405) |
(410) |
– |
– |
| |
– investments and loans |
|
(2 820) |
(249) |
– |
– |
| |
– subsidiaries |
|
(660) |
– |
– |
– |
| Business acquired |
|
(4) |
(14) |
– |
– |
| Proceeds from disposal of investments and loans |
|
274 |
260 |
– |
– |
| Purchase of treasury shares |
|
(21) |
(1 203) |
– |
– |
| Net cash generated/(utilised) before financing activities |
|
(1 154) |
(1 508) |
(93) |
(424) |
| Cash flows – financing activities |
|
84 |
70 |
93 |
424 |
| Shares issued |
|
37 |
– |
37 |
– |
| (Increase)/decrease in loans |
|
(15) |
40 |
56 |
424 |
| Issue of new shares by subsidiary companies |
|
30 |
12 |
– |
– |
| Capital contributed by minorities of subsidiary company |
|
32 |
18 |
– |
– |
 |
| Net decrease in cash and cash equivalents |
|
(1 070) |
(1 438) |
– |
– |
| Cash and cash equivalents at the beginning of the year |
|
4 901 |
6 339 |
– |
– |
| Cash and cash equivalents at the end of the year |
|
3 831 |
4 901 |
– |
– |
| |
|
|
|
|
|
| Cash and cash equivalents – per balance sheet |
|
3 934 |
5 004 |
|
|
| Bank overdraft |
|
(103) |
(103) |
|
|
