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Notes |
|
2007
Rm |
2006
Rm |
2005
Rm |
|
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
Profit before exceptional items |
|
|
2 043 |
1 798 |
1 518 |
|
Adjustments for: |
|
|
|
|
|
|
– depreciation |
|
|
158 |
128 |
96 |
|
– amortisation of intangible assets |
|
|
2 |
3 |
2 |
|
– profit on disposal of plant and equipment
and intangibles |
|
|
(3) |
(3) |
(1) |
|
– dividends received |
|
|
(20) |
(9) |
(27) |
|
– income from subsidiary companies |
|
|
(153) |
(157) |
(257) |
|
– interest received |
|
|
(64) |
(43) |
(31) |
|
– finance costs |
|
|
87 |
53 |
46 |
|
– other non-cash flow items |
|
|
3 |
(5) |
(4) |
|
Operating cash flows before movements in working capital |
|
|
2 053 |
1 765 |
1 342 |
|
Increase in inventories |
|
|
(98) |
(21) |
(15) |
|
Increase in receivables |
|
|
(113) |
(69) |
(51) |
|
Increase in payables |
|
|
91 |
74 |
67 |
|
Cash generated from operations |
|
|
1 933 |
1 749 |
1 343 |
|
Finance costs paid |
|
|
(89) |
(53) |
(46) |
|
Dividends received from investments and associate |
|
|
20 |
9 |
25 |
|
Interest received |
|
|
64 |
43 |
31 |
|
Income from subsidiary companies |
|
|
153 |
157 |
225 |
|
Taxation paid |
22 |
|
(680) |
(570) |
(513) |
|
Cash available from operations |
|
|
1 401 |
1 335 |
1 065 |
|
Dividends paid |
23 |
|
(1 207) |
(1 059) |
(1 269) |
|
Equity-settled share incentive scheme payment |
|
|
(30) |
– |
– |
|
Net cash inflow/(outflow) from operating activities |
|
|
164 |
276 |
(204) |
|
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
|
|
Acquisition of property, plant and equipment |
24 |
|
(881) |
(366) |
(136) |
|
– replacement capital expenditure |
|
|
(120) |
(80) |
(100) |
|
– expansion capital expenditure |
|
|
(761) |
(286) |
(36) |
|
Acquisition of intangible assets |
|
|
(9) |
(3) |
(3) |
|
Dividends received from non-consolidated subsidiary company |
|
|
30 |
4 |
21 |
|
Net proceeds received on: |
|
|
8 |
5 |
17 |
|
– disposal of associate company |
25 |
|
– |
– |
15 |
|
– disposal of property, plant and equipment |
|
|
8 |
5 |
2 |
|
Movements in investments and loans |
|
|
16 |
(8) |
(2) |
|
Redemption of preference shares |
|
|
30 |
– |
– |
|
Decrease/(increase) in net amounts owing by subsidiary and associate companies |
|
|
28 |
83 |
(21) |
|
Net cash outflow from investing activities |
|
|
(778) |
(285) |
(124) |
|
Net cash outflow before financing activities |
|
|
(614) |
(9) |
(328) |
|
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
Proceeds from issue of share capital |
|
|
– |
– |
1 |
|
Long-term borrowings repaid |
|
|
(13) |
(13) |
– |
|
Short-term borrowings raised |
|
|
1 353 |
872 |
– |
|
Short-term borrowings repaid |
|
|
(872) |
– |
– |
|
Net cash inflow from financing activities |
|
|
468 |
859 |
1 |
|
Net (decrease)/increase in cash and cash equivalents |
|
|
(146) |
850 |
(327) |
|
Cash and cash equivalents at beginning of the year |
|
|
1 358 |
502 |
829 |
|
Cash transferred on divisionalisation of company |
26 |
|
– |
6 |
– |
|
Cash and cash equivalents at end of the year |
|
|
1 212 |
1 358 |
502 |
|