| |
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Notes |
|
2007
Rm |
2006
Rm |
2005
Rm |
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
| Profit before exceptional items |
|
|
2 173 |
1 876 |
1 522 |
|
| Adjustments for: |
|
|
|
|
|
|
| – depreciation |
|
|
192 |
165 |
155 |
|
| – amortisation of intangible assets |
|
|
4 |
4 |
4 |
|
| – (profit)/loss on disposal of plant and equipment and intangibles |
|
|
(3) |
1 |
1 |
|
| – dividends received |
|
|
(8) |
(15) |
(30) |
|
| – interest received |
|
|
(74) |
(52) |
(54) |
|
| – finance costs |
|
|
84 |
52 |
71 |
|
| – other non-cash flow items |
|
|
2 |
8 |
(24) |
|
| Operating cash flows before movements in working capital |
|
|
2 370 |
2 039 |
1 645 |
|
| Increase in inventories |
|
|
(116) |
(18) |
(13) |
|
| Increase in receivables |
|
|
(147) |
(80) |
(52) |
|
| Increase in payables |
|
|
85 |
90 |
88 |
|
| Cash generated from operations |
|
|
2 192 |
2 031 |
1 668 |
|
| Finance costs paid |
|
|
(83) |
(52) |
(70) |
|
| Dividends received from investments and associate |
|
|
20 |
15 |
30 |
|
| Interest received |
|
|
74 |
52 |
54 |
|
| Taxation paid |
26 |
|
(743) |
(608) |
(587) |
|
| Cash available from operations |
|
|
1 460 |
1 438 |
1 095 |
|
| Dividends paid |
27 |
|
(1 207) |
(1 059) |
(1 269) |
|
| Equity-settled share incentive scheme payment |
|
|
(30) |
– |
– |
|
| Net cash inflow/(outflow) from operating activities |
|
|
223 |
379 |
(174) |
|
| |
|
|
|
|
|
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
|
|
| Acquisition of property, plant and equipment |
28 |
|
(954) |
(395) |
(177) |
|
| – replacement capital expenditure |
|
|
(129) |
(101) |
(130) |
|
| – expansion capital expenditure |
|
|
(825) |
(294) |
(47) |
|
| Acquisition of intangible assets |
|
|
(10) |
(3) |
(4) |
|
| Dividends received from non-consolidated subsidiary company |
|
|
30 |
4 |
21 |
|
| Net proceeds received on: |
|
|
8 |
1 |
17 |
|
| – disposal of associate company |
29 |
|
– |
– |
15 |
|
| – disposal of property, plant and equipment |
|
|
8 |
1 |
2 |
|
| Movements in investments and loans |
|
|
114 |
140 |
– |
|
| Redemption of preference shares |
|
|
30 |
– |
– |
|
| Decrease in net amounts |
|
|
|
|
|
|
| owing by subsidiary and associate companies |
|
|
– |
– |
5 |
|
| Receipt of instalment on long-term loan |
|
|
10 |
10 |
10 |
|
| Net cash outflow from investing activities |
|
|
(772) |
(243) |
(128) |
|
| Net cash (outflow)/inflow before financing activities |
|
|
(550) |
136 |
(302) |
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
| Proceeds from issue of share capital |
|
|
– |
– |
1 |
|
| Long-term borrowings raised |
|
|
– |
– |
3 |
|
| Long-term borrowings repaid |
|
|
(111) |
(111) |
(48) |
|
| Short-term borrowings raised |
|
|
1 351 |
872 |
– |
|
| Short-term borrowings repaid |
|
|
(872) |
– |
(21) |
|
| |
|
|
|
|
|
|
| Net cash inflow/(outflow) from financing activities |
|
|
368 |
761 |
(65) |
|
| Net (decrease)/increase in cash and cash equivalents |
|
|
(181) |
897 |
(367) |
|
| Cash and cash equivalents at beginning of the year |
|
|
1 482 |
592 |
948 |
|
| Effects of exchange rates on cash |
|
|
– |
1 |
11 |
|
| Deconsolidation of subsidiary company |
30 |
|
– |
(8) |
– |
|
| Cash and cash equivalents at end of the year |
|
|
1 301 |
1 482 |
592 |
|
