|
|
Unaudited |
Unaudited |
Audited |
|
|
Half-year |
Half-year |
Year ended |
|
|
30 June |
30 June |
31 December |
|
|
2011 |
2010 |
2010 |
|
|
R’000 |
R’000 |
R’000 |
|
Cash flows from operating activities |
|
|
|
|
Operating profit |
131 716 |
101 797 |
218 233 |
|
Net interest paid |
(34 141) |
(80 558) |
(136 596) |
|
Loss on disposal of property,
plant and equipment |
– |
492 |
2 174 |
|
Non-cash items: |
|
|
|
|
Depreciation and amortisation |
106 075 |
92 739 |
192 899 |
|
Other non-cash items |
94 676 |
38 213 |
(69 502) |
|
Income tax payment |
(11 267) |
(11 399) |
(16 408) |
|
Changes in working capital |
(184 173) |
(363 480) |
(244 532) |
|
|
102 886 |
(222 196) |
(53 732) |
|
Cash flows from investing activities |
|
|
|
|
Additions to property, plant and equipment |
(96 206) |
(94 332) |
(186 899) |
|
Additions to intangible assets |
(2 955) |
– |
(6 005) |
|
Proceeds on disposal of property,
plant and equipment |
– |
116 |
3 664 |
|
Decrease/(increase) in investment |
|
|
|
|
in associates and joint ventures |
6 505 |
(32 617) |
(38 770) |
|
|
(92 656) |
(126 833) |
(228 010) |
|
Cash flows from financing activities |
|
|
|
|
Borrowings repaid |
(27 965) |
(421 009) |
(490 482) |
|
Shares issued |
2 139 |
736 902 |
736 275 |
|
Settlement of share options,
net of reversals |
– |
(1 084) |
(4 025) |
|
|
(25 826) |
314 809 |
241 768 |
|
Net decrease in cash and cash equivalents |
(15 596) |
(34 220) |
(39 974) |
|
Balance at beginning of period |
24 439 |
64 413 |
64 413 |
|
Cash and cash equivalents
at end of period |
8 843 |
30 193 |
24 439 |
