| |
|
GROUP |
COMPANY |
| |
|
Period ended |
Year ended |
Period ended |
Year ended |
| |
|
30 Jun 2007 |
31 Dec 2005 |
30 Jun 2007 |
31 Dec 2005 |
| |
|
|
Restated |
|
|
| |
Notes |
Rm |
Rm |
Rm |
Rm |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
| Cash receipts from customers |
|
5 203,1 |
2 957,6 |
– |
– |
| Cash paid to suppliers and employees |
|
(4 983,8) |
(2 824,6) |
(11,1) |
(8,5) |
| Cash generated from/(utilised by) operations |
32.1 |
219,3 |
133,0 |
(11,1) |
(8,5) |
| Interest paid |
|
(51,8) |
(27,4) |
(24,7) |
(9,5) |
| Interest received |
|
0,7 |
8,0 |
28,7 |
15,7 |
| Taxation (paid)/received |
32.2 |
(14,0) |
(3,1) |
1,4 |
(0,2) |
| Net cash inflow/(outflow) from operating |
|
|
|
|
|
| activities |
|
154,2 |
110,5 |
(5,7) |
(2,5) |
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
|
| Dividends received |
|
– |
– |
– |
20,9 |
| Subsidiaries acquired, net of cash acquired |
32.3 |
(54,4) |
– |
– |
– |
| Acquisition of subsidiary |
32.3 |
– |
– |
(49,6) |
– |
| Purchase of property, plant and equipment |
|
|
|
|
|
| To maintain operations |
|
(54,6) |
(26,0) |
(0,3) |
(2,1) |
| To expand operations |
|
(127,8) |
(139,2) |
– |
– |
| Proceeds on disposals of property, plant and |
|
|
|
|
|
| equipment |
|
15,5 |
18,8 |
1,5 |
1,1 |
| Decrease/(increase) in loans to subsidiaries |
|
– |
– |
1,9 |
(64,8) |
| Acquisition of joint venture |
|
– |
(5,9) |
– |
– |
| Loans advanced to joint venture |
|
(13,5) |
(1,0) |
– |
– |
| Long-term loans repaid |
|
7,8 |
6,7 |
– |
1,1 |
| Short-term loans repaid |
|
7,5 |
7,5 |
1,2 |
2,3 |
| Net cash outflow from investing activities |
|
(219,5) |
(139,1) |
(45,3) |
(41,5) |
| Total cash flows from operating and |
|
|
|
|
|
| investing activities |
|
(65,3) |
(28,6) |
(51,0) |
(44,0) |
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
|
| Dividends paid, net of capitalisation issue |
|
– |
(7,1) |
– |
(7,1) |
| Capital distributions |
|
(110,2) |
– |
(110,2) |
– |
| Dividends paid to minorities |
|
(0,6) |
(1,6) |
– |
– |
| (Decrease)/increase in interest-bearing |
|
|
|
|
|
| borrowings, excluding bank overdrafts |
|
(93,4) |
(66,2) |
31,0 |
(21,7) |
| Increase/(decrease) in interest-free borrowings |
8,3 |
(6,9) |
– |
(6,7) |
| Proceeds of share issue, net of costs |
|
– |
– |
4,8 |
– |
| Net cash outflow from financing activities |
|
(195,9) |
(81,8) |
(74,4) |
(35,5) |
| Net decrease in cash and cash equivalents |
|
(261,2) |
(110,4) |
(125,4) |
(79,5) |
| Cash and cash equivalents at the beginning |
|
|
|
|
|
| of the period |
14 |
(110,7) |
(0,3) |
(91,7) |
(12,2) |
| Cash and cash equivalents |
|
|
|
|
|
| at the end of the period |
14 |
(371,9) |
(110,7) |
(217,1) |
(91,7) |
