Notes to the statements of cash flow
FOR THE YEAR ENDED 31 DECEMBER 2009
|
|
Group |
|
Company |
|
|
R millions |
2009 |
|
2008 |
|
2009 |
|
2008 |
|
| i. |
CASH GENERATED BY OPERATIONS |
|
|
|
|
|
|
|
|
| |
Profit from continuing operations |
767 |
|
1 035 |
|
119 |
|
251 |
|
| |
Profit from discontinued operations |
66 |
|
(49) |
|
13 |
|
(90) |
|
| |
Profit from operations |
833 |
|
986 |
|
132 |
|
161 |
|
| |
Adjusted for non-cash movements: |
|
|
|
|
|
|
|
|
| |
Closure costs |
16 |
|
204 |
|
16 |
|
204 |
|
| |
Depreciation and amortisation |
267 |
|
216 |
|
49 |
|
50 |
|
| |
Impairments of loans to subsidiaries |
– |
|
– |
|
– |
|
33 |
|
| |
Non-current provisions |
118 |
|
299 |
|
55 |
|
232 |
|
| |
Surplus on disposal of property, plant and equipment |
(88) |
|
(38) |
|
(25) |
|
(4) |
|
| |
Surplus on disposal of listed investments |
(34) |
|
(10) |
|
– |
|
– |
|
| |
Change in fair value of investments |
25 |
|
33 |
|
– |
|
– |
|
|
|
1 137 |
|
1 690 |
|
227 |
|
676 |
|
| ii. |
INCOME TAX PAID |
|
|
|
|
|
|
|
|
| |
Owing at the beginning of the year |
(314) |
|
(175) |
|
(134) |
|
(109) |
|
| |
Current charge for the year |
(145) |
|
(371) |
|
(7) |
|
(115) |
|
| |
Translation differences |
8 |
|
– |
|
– |
|
– |
|
| |
Owing at the end of the year |
118 |
|
314 |
|
31 |
|
134 |
|
|
|
(333) |
|
(232) |
|
(110) |
|
(90) |
|
| iii. |
CHANGES IN WORKING CAPITAL |
|
|
|
|
|
|
|
|
| |
Decrease/(increase) in inventories |
968 |
|
(1 215) |
|
586 |
|
(518) |
|
| |
Decrease/(increase) in accounts receivable |
1 029 |
|
(1 164) |
|
935 |
|
(674) |
|
| |
(Decrease)/increase in accounts payable |
(773) |
|
1 068 |
|
(462) |
|
447 |
|
| |
|
1 224 |
|
(1 311) |
|
1 059 |
|
(745) |
|
| |
Translation differences |
(72) |
|
17 |
|
(59) |
|
(22) |
|
| |
Classified from held for sale |
– |
|
314 |
|
– |
|
263 |
|
| |
Business combinations |
9 |
|
2 |
|
– |
|
(17) |
|
|
|
1 161 |
|
(978) |
|
1 000 |
|
(521) |
|
| iv. |
BUSINESS COMBINATIONS |
|
|
|
|
|
|
|
|
| |
Property, plant and equipment |
1 |
|
(17) |
|
– |
|
– |
|
| |
Working capital |
9 |
|
2 |
|
– |
|
(17) |
|
| |
Non-controlling interest |
9 |
|
24 |
|
– |
|
– |
|
| |
Reserves |
– |
|
(15) |
|
– |
|
– |
|
| |
Net loss on disposal of investments and businesses |
– |
|
17 |
|
– |
|
17 |
|
| |
Goodwill |
67 |
|
57 |
|
– |
|
– |
|
| |
Net cash outflow |
86 |
|
68 |
|
– |
|
– |
|
| |
Proceeds from disposal of other businesses and subsidiaries |
– |
|
(10) |
|
– |
|
– |
|
| |
Acquisition of businesses and subsidiaries (see note 33) |
86 |
|
78 |
|
– |
|
– |
|
| |
Net consideration paid to acquire subsidiaries |
53 |
|
64 |
|
– |
|
– |
|
| |
Consideration paid to acquire businesses |
33 |
|
14 |
|
– |
|
– |
|
| |
|
|
|
|
|
|
|
|
|
| |
|
86 |
|
68 |
|
– |
|
– |
|
|
