| |
|
Consolidated |
The Company |
| R million |
Notes |
2009 |
2008 |
2009 |
2008 |
| Cash flows – operating activities |
|
|
|
|
|
| Trading profit/(loss) |
|
715 |
1 051 |
(5) |
(3) |
| Adjustments |
29.1 |
214 |
223 |
– |
– |
| Consolidated profit/(loss) before working capital changes |
|
929 |
1 274 |
(5) |
(3) |
| Working capital changes |
29.2 |
52 |
(301) |
40 |
5 |
| Cash generated from operations |
|
981 |
973 |
35 |
2 |
| Cash flow generated from returns on investments |
|
1 691 |
3 844 |
59 469 |
2 138 |
| Interest received |
|
197 |
296 |
– |
– |
| Dividends received |
29.3 |
1 494 |
3 548 |
59 469 |
2 138 |
| Finance costs |
|
(49) |
(43) |
– |
– |
| Taxation paid |
29.4 |
(280) |
(497) |
(686) |
– |
| Cash available from operating activities |
|
2 343 |
4 277 |
58 818 |
2 140 |
| Dividends paid |
29.5 |
(2 120) |
(2 252) |
(2 109) |
(2 233) |
| Cash inflow/(outflow) from operating activities |
|
223 |
2 025 |
56 709 |
(93) |
| |
|
|
|
|
|
| Cash flows – investing activities |
|
|
|
|
|
| Net investments to maintain operations |
|
(221) |
198 |
– |
– |
| Replacement of property, plant and equipment |
|
(273) |
(100) |
– |
– |
| Proceeds on disposal of property, plant and equipment |
|
|
|
|
|
| and other assets |
|
52 |
298 |
– |
– |
| Investments to expand operations |
|
(479) |
(3 889) |
(57 108) |
– |
| Additions to |
– property, plant and equipment and other assets |
|
(191) |
(405) |
– |
– |
| |
– investments and loans |
|
(277) |
(2 820) |
(57 108) |
– |
| |
– subsidiaries |
|
– |
(660) |
– |
– |
| Businesses acquired |
30 |
(11) |
(4) |
– |
– |
| Proceeds from disposal of investments and loans |
|
115 |
274 |
– |
– |
| Proceeds from the BAT unbundling |
|
3 736 |
– |
– |
– |
| Purchase of treasury shares |
|
(520) |
(21) |
– |
– |
| Net increase/(decrease) in cash and cash equivalents |
|
2 854 |
(1 413) |
(399) |
(93) |
| |
|
|
|
|
|
| Cash flows – financing activities |
|
10 |
84 |
399 |
93 |
| Shares issued |
|
– |
37 |
– |
37 |
| Shares cancelled |
|
(4) |
– |
(1 695) |
– |
| (Increase)/decrease in loans |
|
– |
(15) |
2 094 |
56 |
| Issue of new shares by subsidiary companies |
|
9 |
30 |
– |
– |
| Capital contributed by minorities of subsidiary company |
|
5 |
32 |
– |
– |
 |
|
|
|
|
|
| Net increase/(decrease) in cash and cash equivalents |
|
2 864 |
(1 329) |
– |
– |
| Investment in money market funds |
|
(1 578) |
– |
– |
– |
| Exchange rate gain/(loss) on foreign cash |
|
(98) |
259 |
– |
– |
| Cash and cash equivalents at the beginning of the year |
|
3 831 |
4 901 |
– |
– |
| Cash and cash equivalents at the end of the year |
|
5 019 |
3 831 |
– |
– |
| |
|
|
|
|
|
| Cash and cash equivalents – per balance sheet |
|
5 050 |
3 934 |
|
|
| Bank overdraft |
|
(31) |
(103) |
|
|
