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  ANNUAL REPORT 2007  
CASH FLOW statements    
 
 
for the year ended 30 September 2007
      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     
     
 
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