CASH FLOW STATEMENTS

  30 June 2007 31 Dec 2005
  18 months 12 months
  Audited Restated, audited
  Rm Rm
Cash flows from operating activities 154,2 110,5
Cash generated from operations before    
      working capital changes 397,2 218,5
Net working capital changes (177,9) (85,5)
Cash generated from operations 219,3 133,0
Net finance costs (51,1) (19,4)
Taxation paid (14,0) (3,1)
Cash flows from investing activities (219,5) (139,1)
Purchase of property, plant and equipment    
   – expansion (127,8) (139,2)
   – replacement (54,6) (26,0)
Other investing activities 17,3 26,1
Acquisition of subsidiaries, net of cash acquired (54,4)
Cash flows from financing activities (195,9) (81,8)
Decrease in borrowings (85,1) (73,1)
Distributions to shareholders (110,2) (7,1)
Dividends to minorities (0,6) (1,6)
Net decrease in cash and equivalents (261,2) (110,4)
Opening cash and cash equivalents (110,7) (0,3)
Closing cash and cash equivalents (371,9) (110,7)