| |
|
Six months ended |
Year ended |
| |
|
31 Mar |
31 Mar |
30 Sept |
| |
|
2008 |
2007 |
2007 |
| R million |
Notes |
Reviewed |
Reviewed |
Audited |
| |
|
|
|
|
CASH FLOW FROM OPERATING ACTIVITIES |
|
|
|
|
| Operating cash flows before movements in |
|
|
|
|
| working capital |
|
2 585 |
3 269 |
6 370 |
| Increase in working capital |
|
(1 640) |
(1 441) |
(531) |
| |
|
|
|
|
| Cash generated from operations |
|
945 |
1 828 |
5 839 |
| Realised fair value adjustments on financial |
|
|
|
|
| instruments |
|
(18) |
(22) |
(16) |
| Finance costs and investment income |
|
(321) |
(234) |
(523) |
| Taxation paid |
|
(420) |
(1 006) |
(1 412) |
| |
|
|
|
|
| Cash flow from operations |
|
186 |
566 |
3 888 |
| Dividends paid (including minority shareholders) |
|
(414) |
(1 197) |
(2 629) |
| |
|
|
|
|
| Net cash (applied to)/from operating activities |
|
(228) |
(631) |
1 259 |
| |
|
|
|
|
NET CASH (APPLIED TO)/GENERATED FROM |
|
|
|
|
INVESTING ACTIVITIES |
|
(1 300) |
296 |
( 880) |
| Acquisition of subsidiaries, investments and intangibles |
12 |
(339) |
(113) |
(349) |
| Acquisition of property, plant and equipment |
|
(570) |
(772) |
(1 485) |
| Net investment in rental assets |
13 |
(838) |
(511) |
(1 310) |
| Net investment in car hire vehicles |
13 |
(856) |
(267) |
(927) |
| Reduction/(increase) in instalment sale and leasing receivables |
|
53 |
(14) |
(46) |
| Proceeds on disposal of subsidiaries, investments and property, plant and equipment |
|
|
|
|
| and sale of leasing assets |
|
1 250 |
1 973 |
3 237 |
| |
|
|
|
|
| Net cash (outflow)/inflow before financing activities |
(1 528) |
(335) |
379 |
| |
|
|
|
|
NET CASH FROM/(USED IN) FINANCING ACTIVITIES |
1 738 |
(654) |
(988) |
| Ordinary shares issued |
|
13 |
114 |
139 |
| Funding of pension deficit on merger of UK schemes |
(759) |
|
|
| Increase/(decrease) in interest-bearing liabilities |
|
2 484 |
(768) |
(1 127) |
| |
|
|
|
|
| Net increase/(decrease) in cash and cash equivalents |
210 |
(989) |
(609) |
| Cash and cash equivalents at beginning of period |
|
1 201 |
2 134 |
2 134 |
| Effect of foreign exchange rate movements |
|
154 |
(11) |
(6) |
| Effect of unbundling Pretoria Portland Cement on cash balance |
|
(318) |
| Effect of unbundling Freeworld Coatings on cash balance |
(86) |
|
|
| Effect of cash included in assets classified as held for sale |
|
(78) |
|
| |
|
|
|
|
| Cash and cash equivalents at end of period |
|
1 479 |
1 056 |
1 201 |
|
|
|
|
|
