| |
|
|
GROUP |
COMPANY |
| |
Notes |
|
2007
Rm |
2006
Rm |
2007
Rm |
2006
Rm |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
| Cash generated from operations before working capital changes |
A |
|
1 416,7 |
1 331,6 |
398,8 |
474,7 |
| Increase in net working capital |
|
|
(739,7) |
(628,4) |
(12,4) |
(191,4) |
| Movement in RCCF accounts receivable up to the date of transfer |
|
|
(300,7) |
(375,6) |
|
|
| Working capital changes |
B |
|
(439,0) |
(252,8) |
(12,4) |
(191,4) |
 |
|
|
|
|
|
|
| Cash generated from operations |
|
|
677,0 |
703,2 |
386,4 |
283,3 |
| |
|
|
|
|
|
|
| Interest received |
|
|
104,3 |
92,9 |
47,4 |
56,8 |
| Interest paid |
|
|
(57,2) |
(34,9) |
(19,0) |
(19,6) |
| Dividends received (including from associate) |
|
|
153,7 |
62,9 |
1 724,2 |
342,2 |
| Taxation paid |
C |
|
(568,6) |
(347,4) |
(223,1) |
(192,0) |
| Net cash inflow from operating activities available to pay dividends |
|
|
309,2 |
476,7 |
1 915,9 |
470,7 |
| Dividends paid (including to outside shareholders in subsidiaries) |
D |
|
(879,3) |
(464,2) |
(990,8) |
(452,0) |
| Net cash (outflow)/inflow from operating activities |
|
|
(570,1) |
12,5 |
925,1 |
18,7 |
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
|
|
| Investments to maintain operating capacity |
|
|
(299,1) |
(45,3) |
(96,1) |
123,0 |
| – Repayment of non-current loans |
|
|
5,8 |
2,0 |
5,8 |
2,0 |
| – Non-current loans granted |
|
|
(310,7) |
(4,5) |
(68,5) |
(4,5) |
| - Replacement of property, plant and equipment |
|
|
(62,1) |
(60,2) |
(34,7) |
(32,8) |
| – Proceeds on disposal of property, plant and equipment, intangible assets, investments and other capital items |
|
|
67,9 |
17,4 |
1,3 |
158,3 |
| Investments to increase operating capacity |
|
|
1 307,7 |
(140,4) |
(1 089,7) |
(87,1) |
| – Expansion of property, plant and equipment |
|
|
(79,5) |
(132,0) |
(10,0) |
(75,8) |
| – Additions of intangible assets |
|
|
(7,4) |
(2,1) |
(5,8) |
(0,6) |
| – Increase in investments |
|
|
(375,0) |
— |
(1 487,4) |
— |
| – Proceeds on disposal of subsidiaries and businesses |
E |
|
1 881,4 |
— |
449,3 |
— |
| – Acquisition of subsidiaries and businesses |
F |
|
(111,8) |
(6,3) |
(35,8) |
(10,7) |
|
|
|
|
|
|
|
| Net cash inflow/(outflow) from investing activities |
|
|
1 008,6 |
(185,7) |
(1 185,8) |
35,9 |
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
| Funds provided by equity holders of Reunert |
|
|
19,9 |
27,5 |
14,0 |
27,5 |
| Long-term borrowings – raised |
|
|
370,4 |
14,6 |
7,8 |
62,7 |
| – repaid |
|
|
(115,8) |
(15,1) |
(115,7) |
(14,9) |
| Net loans to subsidiaries |
|
|
|
|
551,7 |
(150,7) |
| Net cash inflow/(outflow) from financing activities |
|
|
274,5 |
27,0 |
457,8 |
(75,4) |
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS |
|
|
713,0 |
(146,2) |
197,1 |
(20,8) |
| NET (BORROWINGS)/CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
|
|
(230,2) |
(84,0) |
125,0 |
145,8 |
| NET CASH AND CASH EQUIVALENTS/(BORROWINGS) AT END OF YEAR* |
|
|
482,8 |
(230,2) |
322,1 |
125,0 |
| * NET CASH AND CASH EQUIVALENTS/(BORROWINGS) ARE MADE UP OF: |
|
|
|
|
|
|
| Cash and cash equivalents |
|
|
530,6 |
969,3 |
322,1 |
125,6 |
| Bank overdrafts |
|
|
(47,8) |
(11,6) |
— |
(0,6) |
| Net cash resources of the group/company excluding RCCF |
|
|
482,8 |
957,7 |
322,1 |
125,0 |
| RCCF short-term borrowings |
|
|
— |
(1 187,9) |
|
|
| Net cash and cash equivalents/(borrowings) |
|
|
482,8 |
(230,2) |
322,1 |
125,0 |
| Net cash flows from operating activities before dividends paid and excluding movements in RCCF accounts receivable |
|
|
609,9 |
852,3 |
|
|
| Operating cash flow per share (cents) |
|
|
345,0 |
486,7 |
|
|
|
