Cash flow statements

FOR THE YEAR ENDED 31 MARCH 2008

                    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   –   –  
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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)