Cash flow statements
FOR THE YEAR ENDED 31 DECEMBER 2007
| |
|
......GROUP |
|
......COMPANY |
| |
|
2007 |
|
2006 |
|
2007 |
|
2006 |
| |
Note |
R millions |
|
R millions |
|
R millions |
|
R millions |
| Cash generated by operations |
i |
1 122 |
|
1 385 |
|
407 |
|
632 |
| Dividends received |
|
12 |
|
7 |
|
232 |
|
99 |
| Interest paid |
|
(173) |
|
(150) |
|
(180) |
|
(144) |
| Interest received |
|
30 |
|
36 |
|
193 |
|
142 |
| Taxes paid |
ii |
(196) |
|
(202) |
|
(4) |
|
(14) |
| Changes in working capital |
iii |
(601) |
|
(259) |
|
(292) |
|
(183) |
| Expenditure relating to non-current provisions |
|
(67) |
|
(130) |
|
(67) |
|
(130) |
| Expenditure relating to restructuring |
|
(1) |
|
(13) |
|
* |
|
(4) |
| Cash available from operating activities |
|
126 |
|
674 |
|
289 |
|
398 |
| Dividends paid |
|
(237) |
|
(206) |
|
(259) |
|
(225) |
| Cash flows from operating activities |
|
(111) |
|
468 |
|
30 |
|
173 |
| Cash flows from investing activities |
|
74 |
|
(618) |
|
(217) |
|
(326) |
| Net replacement of property, plant and equipment |
|
|
|
|
|
|
|
|
| to maintain operations |
|
(272) |
|
(177) |
|
(66) |
|
(73) |
| Replacement of property, plant and equipment |
|
(307) |
|
(194) |
|
(74) |
|
(77) |
| Proceeds from disposal of property, plant and |
|
|
|
|
|
|
|
|
| equipment |
|
35 |
|
17 |
|
8 |
|
4 |
| Investments to expand operations |
|
(432) |
|
(444) |
|
(885) |
|
(273) |
| Acquisition of – property, plant and equipment |
|
(373) |
|
(245) |
|
(62) |
|
(84) |
| – investments |
|
(1) |
|
(13) |
|
— |
|
— |
| – subsidiaries |
|
(49) |
|
(55) |
|
(1) |
|
(5) |
| – businesses |
|
(9) |
|
(131) |
|
(23) |
|
(126) |
| Net loans with subsidiaries |
|
|
|
|
|
(799) |
|
(58) |
| Proceeds from disposal of investments and |
|
|
|
|
|
|
|
|
| businesses |
|
778 |
|
3 |
|
734 |
|
20 |
| Proceeds from disposal of – discontinued operations |
|
761 |
|
— |
|
714 |
|
— |
| – businesses |
|
10 |
|
— |
|
20 |
|
20 |
| – listed investments |
|
7 |
|
3 |
|
— |
|
— |
| |
|
|
|
|
|
|
|
|
| Net cash utilised |
|
(37) |
|
(150) |
|
(187) |
|
(153) |
| Cash flows from financing activities |
|
108 |
|
99 |
|
118 |
|
210 |
| Non-current borrowings – raised |
|
47 |
|
212 |
|
33 |
|
199 |
| – repaid |
|
(276) |
|
(349) |
|
(240) |
|
(318) |
| Movement in current borrowings |
|
337 |
|
236 |
|
325 |
|
329 |
| |
|
|
|
|
|
|
|
|
| Increase/(decrease) in cash and cash equivalents |
|
71 |
|
(51) |
|
(69) |
|
57 |
| Cash and cash equivalents at the beginning |
|
|
|
|
|
|
|
|
| of the year |
|
375 |
|
409 |
|
89 |
|
32 |
| Translation (loss)/gain on cash and cash |
|
|
|
|
|
|
|
|
| equivalents |
|
(5) |
|
17 |
|
— |
|
— |
| Classified as held for sale |
|
(13) |
|
— |
|
— |
|
— |
| Cash and cash equivalents at the end of the year |
|
428 |
|
375 |
|
20 |
|
89 |
* Nominal amount.
|
