Contents
NOTES TO THE
CASH FLOW STATEMENTS
for the year ended 30 September 2006
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Commentary
Directors’ responsibility
Secretaries’ certification
Report of the independent auditors
Directors’ report
Accounting policies
Income statements
Balance sheets
Cash flow statements
Notes to the cash flow statements
Statements of changes
in equity
Notes to the annual financial statements
Principal subsidiaries
Share ownership analysis
Shareholders’ diary
Corporate administration and information
Currency conversion table
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    GROUP   COMPANY
    2006 
Rm 
 
  2005 
Rm 
(Restated)
  2006 
Rm 
 
  2005 
Rm 
(Restated)
A. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS BEFORE WORKING CAPITAL CHANGES:              
  Profit before taxation 1 339,2    971,3    833,9    709,2 
  Adjusted for:              
  – Net interest received (58,0)   (37,3)   (37,2)   (18,2)
  – Dividends received (6,9)   (12,8)   (342,2)   (307,4)
  – Depreciation of property, plant and equipment 59,9    46,4    24,7    18,2 
  – Amortisation of intangible assets 3,3    3,5    1,3    0,7 
  – Net (surplus)/loss on disposal of property,
   plant and equipment
(2,6)   0,2    0,3    (0,1)
  – Abnormal items (1,6)   (3,9)   (12,8)   40,5 
  – Share option expense 9,6    6,7    9,6    6,7 
  – Powerhouse option expense —    24,1        
  – Other non-cash movements (11,3)   (1,7)   (2,9)   7,5 
  Cash generated from operations before
working capital changes
1 331,6   996,5    474,7    457,1 
B. WORKING CAPITAL CHANGES:              
  – Inventory and contracts in progress (247,6)   (67,9)   (64,8)   (31,1)
  – Accounts receivable, derivative assets and
   non-current assets held for sale
(456,4)   (66,9)   (185,5)   (20,2)
  – Trade and other payables and derivative liabilities 451,2    33,5    58,9    1,6 
  Working capital changes (252,8)   (101,3)   (191,4)   (49,7)
C. RECONCILIATION OF TAXATION PAID TO
THE AMOUNTS DISCLOSED IN THE INCOME
STATEMENT AS FOLLOWS:
             
  – Net amounts unpaid at beginning of year (67,5)   (133,6)   (50,0)   (71,8)
  – Current taxation per the income statement (461,8)   (298,8)   (203,0)   (147,5)
  – Translation reserve (0,3)   —    —    — 
  – Net amounts unpaid at end of year 182,2    67,5    61,0    50,0 
  Cash amounts paid (347,4)   (364,9)   (192,0)   (169,3)
D. RECONCILIATION OF DIVIDENDS PAID TO THE AMOUNTS DISCLOSED IN THE STATEMENT OF CHANGES IN EQUITY AS FOLLOWS:              
  – Dividends per the statement of changes in equity (839,0)   (298,6)   (842,7)   (331,3)
  – Dividends paid to outside shareholders in subsidiaries (15,9)   (9,7)        
  – Net amounts unpaid at end of year 390,7    —    390,7    — 
  Cash amounts paid (464,2)   (308,3)   (452,0)   (331,3)
E. ANALYSIS OF DISPOSAL OF SUBSIDIARIES AND BUSINESSES:              
  – Inventory —    —    —    1,6 
  – Accounts receivable —    —    —    15,4 
  – Trade and other payables and provisions —    —    —    (6,5)
  – Property, plant and equipment —    —    —    0,8 
  – Cash on hand at time of the disposal —    —    —    5,4 
  Amounts received in cash —    —    —    16,7 
  Cash on hand at time of disposal —    —    —    (5,4)
  Net cash received —    —    —    11,3 
F. ANALYSIS OF ACQUISITION OF SUBSIDIARIES
AND BUSINESSES:
             
  – Inventory (0,5)   (1,9)   (8,0)   (0,3)
  – Accounts receivable (1,4)   (7,6)   (10,4)   — 
  – Trade and other payables and provisions 1,9    4,2    4,1   — 
  – Property, plant and equipment (0,3)   (1,2)   (2,7)   (0,6)
  – Intangible assets (5,2)   (2,3)   (3,7)   (2,3)
  – Net cash on hand at time of the acquisition (0,1)   —    (1,9)   — 
  – Goodwill on previous acquisitions (0,8)   —    (3,4)   — 
  – Intercompany loan         13,4   — 
  Cost of investment (6,4)   (8,8)   (12,6)   (3,2)
  Net cash on hand at time of the acquisition 0,1    —    1,9   — 
  Loans and share capital contributed by outside shareholder —    5,6         
  Net cash paid (6,3)   (3,2)   (10,7)   (3,2)
   
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