| |
|
Consolidated |
The Company |
| R million |
Notes |
2010 |
2009 |
2010 |
2009 |
| Cash flows – operating activities |
|
|
|
|
|
| Trading profit/(loss) |
|
841 |
715 |
(10) |
(5) |
| Adjustments |
30.1 |
231 |
245 |
– |
– |
| Trading profit/(loss) before working capital changes |
|
1 072 |
960 |
(10) |
(5) |
| Working capital changes |
30.2 |
(155) |
21 |
(18) |
40 |
| Cash generated/(utilised) from/(by) operations |
|
917 |
981 |
(28) |
35 |
| Cash flow generated from returns on investments |
|
1 590 |
1 691 |
5 624 |
59 469 |
| Interest received |
|
146 |
197 |
– |
– |
| Dividends received |
30.3 |
1 444 |
1 494 |
5 624 |
59 469 |
| Finance costs |
|
(59) |
(49) |
– |
– |
| Taxation paid |
30.4 |
(144) |
(280) |
– |
(686) |
| Cash available from operating activities |
|
2 304 |
2 343 |
5 596 |
58 818 |
| Dividends paid |
30.5 |
(1 006) |
(2 120) |
(956) |
(2 109) |
| Cash inflow from operating activities |
|
1 298 |
223 |
4 640 |
56 709 |
| |
|
|
|
|
|
| Cash flows – investing activities |
|
|
|
|
|
| Net investments to maintain operations |
|
(240) |
(221) |
– |
– |
| Replacement of property, plant and equipment |
|
(274) |
(273) |
– |
– |
| Proceeds on disposal of property, plant and equipment |
|
|
|
|
|
| and other assets |
|
34 |
52 |
– |
– |
| Investments to expand operations |
|
(1 005) |
(479) |
(22) |
(57 108) |
| Additions to – property, plant and equipment and other |
|
|
|
|
|
| assets |
|
(153) |
(191) |
– |
– |
| – investments and loans |
|
(729) |
(277) |
(22) |
(57 108) |
| Businesses acquired |
31 |
(123) |
(11) |
– |
– |
| Proceeds from disposal of investments and loans |
|
98 |
115 |
– |
– |
| Proceeds from the BAT unbundling |
|
– |
3 736 |
– |
– |
| Purchase of treasury shares |
|
– |
(520) |
– |
– |
| Net cash generated/(utilised) before financing activities |
|
151 |
2 854 |
4 618 |
(399) |
| |
|
|
|
|
|
| Cash flows – financing activities |
|
(5) |
10 |
(4 618) |
399 |
| Shares cancelled |
|
– |
(4) |
– |
(1 695) |
| (Increase)/decrease in loans |
|
(15) |
– |
(4 618) |
2 094 |
| Issue of new shares by subsidiary companies |
|
10 |
9 |
– |
– |
| Capital contributed by minorities of subsidiary company |
|
– |
5 |
– |
– |
 |
|
|
|
|
|
| Net increase in cash and cash equivalents |
|
146 |
2 864 |
– |
– |
| Increase in money market funds |
|
(234) |
(1 578) |
– |
– |
| Exchange rate loss on foreign cash |
|
(1 190) |
(98) |
– |
– |
| Cash and cash equivalents at the beginning of the year |
|
5 019 |
3 831 |
– |
– |
| Cash and cash equivalents at the end of the year |
|
3 741 |
5 019 |
– |
– |
| |
|
|
|
|
|
| Cash and cash equivalents – per statement of financial position |
|
3 827 |
5 050 |
|
|
| Bank overdraft |
|
(86) |
(31) |
|
|
