Cash flow statements
for the year ended 30 September 2009

   
 
    GROUP COMPANY
  Notes   2009  
Rm  
2008  
Rm  
2009  
Rm  
2008  
Rm  
CASH FLOWS FROM OPERATING ACTIVITIES            
Cash generated from operations before working capital changes   A   1 279,4   1 678,6   370,6   639,3  
Decrease/(increase) in net working capital     757,4   (327,7)  183,0   (133,8) 
Working capital changes (excluding RCCF)*   B   513,9   (295,2)  183,0   (133,8) 
Movement in RCCF accounts receivable     243,5   (32,5)     
Cash generated from operations     2 036,8   1 350,9   553,6   505,5  
Interest received     128,9   99,3   12,4   30,5  
Interest paid     (21,1)  (43,2)  (1,5)  (12,5) 
Dividends received     0,4   91,1   466,5   416,4  
Taxation paid   C   (477,5)  (410,8)  (157,5)  (158,1) 
Net cash inflow from operating activities available to pay dividends     1 667,5   1 087,3   873,5   781,8  
Dividends paid (including to outside shareholders in subsidiaries)  D   (550,3)  (569,0)  (602,9)  (626,2) 
Net cash inflow from operating activities     1 117,2   518,3   270,6   155,6  
CASH FLOWS FROM INVESTING ACTIVITIES            
Investments to maintain operating capacity     (26,9)  235,4   (8,2)  21,6  
– Repayment of non-current loans*     3,6   269,9   3,5   30,6  
– Non-current loans granted*     (4,7)  (1,6)  (4,2)  (2,8) 
– Replacement of property, plant and equipment and intangible assets     (52,4)  (44,3)  (8,5)  (15,4) 
– Proceeds on disposal of non-current assets held for sale     24,0   —   —   —  
– Proceeds on disposal of property, plant and equipment, intangible assets, investments and other capital items     2,6   11,4   1,0   9,2  
Investments to increase operating capacity     (103,9)  (1 156,7)  (0,1)  (479,2) 
– Expansion of property, plant and equipment     (32,7)  (66,8)  (1,4)  (15,3) 
– Additions of intangible assets     (2,0)  (6,0)  —   (0,4) 
– Equity transaction with BEE partner     —   (35,3)  —   —  
– Goodwill on minor acquisitions     (0,8)  —   —   —  
– Transfer investment in subsidiary to another subsidiary     —   —   1,5   —  
– Acquisition of subsidiaries and businesses   E   (68,4)  (1 048,6)  (0,2)  (463,5) 
Net cash outflow from investing activities     (130,8)  (921,3)  (8,3)  (457,6) 
CASH FLOWS FROM FINANCING ACTIVITIES            
Funds provided by equity holders of Reunert     9,1   16,1   9,1   16,0  
Long-term borrowings – raised*     0,1   0,1      
                                     – repaid*     (6,7)  (396,5)  (1,1)  (0,8) 
Net loans (from)/to subsidiaries         (304,7)  89,2  
Net cash inflow/(outflow) from financing activities     2,5   (380,3)  (296,7)  104,4  
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS     988,9   (783,3)  (34,4)  (197,6) 
NET (BORROWINGS)/CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR     (300,5)  482,8   124,5   322,1  
NET CASH AND CASH EQUIVALENTS/(BORROWINGS) AT THE END OF THE YEAR     688,4   (300,5)  90,1   124,5  
MADE UP OF:            
Cash and cash equivalents     1 603,1   794,6   90,1   124,5  
Bank overdrafts     —   (12,7)  —   —  
Net cash resources of the group/company excluding RCCF     1 603,1   781,9   90,1   124,5  
    (914,7)  (1 082,4)     
RCCF bank balances and cash     97,6   82,0      
RCCF short-term borrowings     (1 012,3)  (1 164,4)     
Net cash and cash equivalents/(borrowings) (refer to note 20.   688,4   (300,5)  90,1   124,5  
Net cash flows from operating activities before dividends paid and excluding movements in RCCF accounts receivable     1 424,0   1 119,8      
Operating cash flow per share (cents)    797,8   629,5      
* 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 in respect of short-term portion of accounts receivable (included in working capital changes (excluding RCCF))      145,3      
Decrease in respect of long-term portion of accounts receivable (included in repayment of non-current loans)      235,5      
Decrease in respect of the borrowings (included in long-term borrowings – repaid)      (380,8)