Cash flow statements >
for the year ended 30 September 2008
   
     
     
   
        GROUP   COMPANY
      2008     2007     2008     2007  
     Notes   Rm     Rm     Rm     Rm  
CASH FLOWS FROM OPERATING ACTIVITIES                    
Cash generated from operations before working capital changes   A   1 678,6     1 416,7     639,3     398,8  
Increase in net working capital       (327,7)    (739,7)    (133,8)    (12,4) 
Working capital changes (excluding RCCF)*   B   (295,2)    (439,0)    (133,8)    (12,4) 
Movement in RCCF accounts receivable while a consolidated subsidiary (refer to note 34)       (32,5)    (300,7)         
Cash generated from operations       1 350,9     677,0     505,5     386,4  
Interest received       99,3     104,3     30,5     47,4  
Interest paid       (43,2)    (57,2)    (12,5)    (19,0) 
Dividends received (including from associate)       91,1     153,7     416,4     1 724,2  
Taxation paid   C   (410,8)    (568,6)    (158,1)    (223,1) 
Net cash inflow from operating activities available to pay dividends       1 087,3     309,2     781,8     1 915,9  
Dividends paid (including to outside shareholders in subsidiaries)   D     (569,0)     (879,3)    (626,2)    (990,8) 
Net cash inflow/(outflow) from operating activities       518,3     (570,1)    155,6     925,1  
CASH FLOWS FROM INVESTING ACTIVITIES                    
Investments to maintain operating capacity       235,4     (299,1)    21,6     (96,1) 
– Repayment of non-current loans*       269,9     5,8     30,6     5,8  
– Non-current loans granted*       (1,6)    (310,7)    (2,8)    (68,5) 
– Replacement of property, plant and
   equipment
      (44,3)    (62,1)    (15,4)    (34,7) 
– Proceeds on disposal of property, plant and
   equipment, intangible assets, investments
   and other capital items
      11,4     67,9     9,2     1,3  
Investments to increase operating capacity       (1 156,7)    1 307,7     (479,2)    (1 089,7) 
– Expansion of property, plant and equipment       (66,8)    (79,5)    (15,3)    (10,0) 
– Additions of intangible assets       (6,0)    (7,4)    (0,4)    (5,8) 
– Equity transaction with BEE partner       (35,3)    —     —     —  
– (Increase)/decrease 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   (1 048,6)    (111,8)    (463,5)    (35,8) 
Net cash (outflow)/inflow from investing activities       (921,3)    1 008,6     (457,6)    (1 185,8) 
 
CASH FLOWS FROM FINANCING ACTIVITIES                    
Funds provided by equity holders of Reunert     16,1     19,9    16,0    14,0   
Long-term borrowings – raised*     0,1     370,4    –    7,8   
                                – repaid*     (396,5)    (115,8)   (0,8)    (115,7)  
Net loans to subsidiaries             89,2    551,7   
Net cash (outflow)/inflow from financing activities     (380,3)    274,5    104,4    457,8   
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS     (783,3)    713,0    (197,6)   197,1   
NET CASH AND CASH EQUIVALENTS/
(BORROWINGS) AT THE BEGINNING OF
THE YEAR
    482,8      (230,2)   322,1    125,0   
NET (BORROWINGS)/CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR**     (300,5)    482,8    124,5    322,1   
**NET (BORROWINGS)/CASH AND CASH                    
EQUIVALENTS ARE MADE UP OF:                    
Cash and cash equivalents     794,6    530,6    124 ,5    322,1   
Bank overdrafts     (12,7)    (47,8)   —    —   
Net cash resources of the group/company excluding RCCF     781,9     482,8    124,5    322,1   
      (1 082,4)    —           
RCCF bank balances and cash     82,0     —           
RCCF short-term borrowings     (1 164,4)    —           
Net (borrowings)/cash and cash equivalents     (300,5)    482,8    124,5    322,1   
Net cash flows from operating activities before dividends paid and excluding movements in RCCF accounts receivable     1 119,8     609,9           
Operating cash flow per share (cents)     629,5     345,0           
*In order to enhance disclosures the following amounts relating to discounted debtors with RCCF (refer to note 24), which did not entail a receipt or payment of cash and cash equivalents, have been included.                    
                     
Decrease/(increase) in respect of short-term portion of accounts receivable (included in working capital changes (excluding RCCF))     145,3     (145,3)          
Decrease in respect of long-term portion of accounts receivable (included in repayment of non-current loans)     235,5     —           
Increase in respect of long-term portion of accounts receivable (included in non-current loans granted)     —     (235,5)          
Increase in respect of the borrowings (included in long-term borrowings – raised)     —     380,8           
Decrease in respect of the borrowings (included in long-term borrowings – repaid)     (380,8)    —           
 
 
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