Consolidated statement of cash flows
for the year ended 30 September 2010
| |
|
|
|
2010 |
|
2009 |
|
| |
|
Notes |
|
R’000 |
|
R’000 |
|
| |
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
| |
Cash generated from operations |
34 |
|
2 233 317 |
|
1 895 399 |
|
| |
Tax paid |
|
|
(396 291) |
|
(493 348) |
|
| |
Net cash generated from operating activities |
|
|
1 837 026 |
|
1 402 051 |
|
| |
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
|
|
| |
Purchase of property, plant and equipment – expand |
|
|
(411 504) |
|
(465 777) |
|
| |
Purchase of property, plant and equipment – maintain |
|
|
(93 140) |
|
(80 780) |
|
| |
Proceeds on disposal of property, plant and equipment |
35 |
|
7 401 |
|
4 184 |
|
| |
Subsidiaries acquired |
37 |
|
(260 180) |
|
(8 945) |
|
| |
Disposal of investments in associates and joint ventures |
37 |
|
18 900 |
|
– |
|
| |
Dividends from associates |
7 |
|
51 434 |
|
44 335 |
|
| |
Associate loans received |
7 |
|
5 960 |
|
17 452 |
|
| |
Intangible assets acquired (software) |
6 |
|
(11 907) |
|
(4 848) |
|
| |
Recovery of guarantee on acquisition of subsidiary |
6 |
|
– |
|
27 000 |
|
| |
Net cash movement in other investing activities |
|
|
(2 493) |
|
1 918 |
|
| |
Net cash utilised in investing activities |
|
|
(695 529) |
|
(465 461) |
|
| |
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
| |
Preference share capital repaid |
19 |
|
– |
|
(23 633) |
|
| |
Shareholder loans repaid |
23 |
|
– |
|
(312 577) |
|
| |
Interest bearing borrowings raised |
|
|
2 365 000 |
|
200 000 |
|
| |
Interest bearing borrowings repaid |
|
|
(2 285 581) |
|
(362 111) |
|
| |
Loan and dividend payments to non-controlling interest |
|
|
(106 499) |
|
(80 510) |
|
| |
Cash flow on increases in ownership interests |
37 |
|
(36 897) |
|
(42 877) |
|
| |
Proceeds on decreases in ownership interests |
37 |
|
6 022 |
|
5 659 |
|
| |
Finance cost |
|
|
(311 430) |
|
(328 592) |
|
| |
Finance income |
|
|
41 307 |
|
54 108 |
|
| |
Preference dividend paid |
|
|
– |
|
(1 549) |
|
| |
Issue of shares at listing |
|
|
4 340 884 |
|
– |
|
| |
Ordinary shares repurchased |
36 |
|
(4 268 017) |
|
(99 944) |
|
| |
Ordinary dividends paid |
|
|
(532 658) |
|
(257 050) |
|
| |
Net cash utilised in financing activities |
|
|
(787 869) |
|
(1 249 076) |
|
| |
Net increase/(decrease) in cash and cash equivalents |
|
|
353 628 |
|
(312 486) |
|
| |
Cash and cash equivalents – beginning of the year |
|
|
101 417 |
|
412 253 |
|
| |
Cash balances acquired through business combinations |
37 |
|
27 111 |
|
1 650 |
|
| |
Cash and cash equivalents – end of the year |
14 |
|
482 156 |
|
101 417 |
|
|
