Notes to the cash flow statements
for the year ended 30 September 2009

   
 
      GROUP COMPANY
      2009  
Rm  
2008  
Rm  
2009  
Rm  
2008  
Rm  
A.   RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS BEFORE WORKING CAPITAL CHANGES            
  Profit before taxation     1 547,8   1 634,4   1 088,6   1 037,8  
  Adjusted for:            
  – Net interest received     (107,8)  (56,1)  (10,9)  (16,2) 
  – Dividends received     (0,4)  (4,2)  (466,5)  (416,4) 
  – Depreciation and impairment of property, plant and equipment     82,4   79,3   28,2   28,1  
  – Amortisation of intangible assets     14,0   7,3   4,0   3,5  
  – Share option expense     15,0   14,4   4,0   7,5  
  – Net loss on disposal of property, plant and equipment and non-current assets held for sale     3,9   5,2   1,9   1,0  
  – Surplus on dilution in shareholding in investment in associate     —   (1,5)  —   —  
  – Fair valuation adjustment of financial instrument – investment in NSN     (299,2)  —   (299,2)  —  
  – Other non-cash movements     23,7   (0,2)  20,5   (6,0) 
  Cash generated from operations before working capital changes     1 279,4   1 678,6   370,6   639,3  
B.   WORKING CAPITAL CHANGES            
  – Inventory and contracts in progress     293,2   (48,6)  131,3   14,2  
  – Accounts receivable, derivative assets and non-current assets held for sale     283,6   (192,6)  145,0   (106,6) 
  – Trade and other payables and derivative liabilities     (62,9)  (54,0)  (93,3)  (41,4) 
  Working capital changes     513,9   (295,2)  183,0   (133,8) 
C.   RECONCILIATION OF TAXATION PAID TO THE AMOUNTS DISCLOSED IN THE INCOME STATEMENT AS FOLLOWS            
  – Net amounts unpaid at the beginning of the year     (84,4)  (12,1)  (36,5)  14,3  
  – Current taxation per the income statement     (399,5)  (478,2)  (99,7)  (208,9) 
  – Taxation provisions of subsidiaries purchased     —   (4,9)     
  – Net amounts unpaid at the end of the year     6,4   84,4   (21,3)  36,5  
  Cash amounts paid     (477,5)  (410,8)  (157,5)  (158,1) 
D.   RECONCILIATION OF CASH DIVIDENDS PAID TO THE AMOUNTS DISCLOSED IN THE STATEMENTS OF CHANGES IN EQUITY AS FOLLOWS            
  – Dividends unpaid at the beginning of the year     —   —   —   —  
  – Dividends per the statement of changes in equity     (546,3)  (567,2)  (602,9)  (626,2) 
  – Dividends paid to outside shareholders in subsidiaries     (4,0)  (1,8)  —   —  
  Cash amounts paid     (550,3)  (569,0)  (602,9)  (626,2) 
E.   ANALYSIS OF ACQUISITION OF SUBSIDIARIES AND BUSINESSES            
  Inventory     (9,7)  (16,0)  —   (11,1) 
  Accounts receivable     (14,3)  (245,6)  —   (12,8) 
  Accounts receivable – RCCF     —   (1 924,5)     
  Trade and other payables and provisions     5,4   40,0   —   10,3  
  Taxation     —   4,9      
  Amounts due to bankers and short-term loans     —   858,4   —   —  
  Property, plant and equipment     (1,4)  (11,5)  —   (6,2) 
  Intangible assets     (11,9)  (10,0)  —   (6,0) 
  Deferred taxation     —   50,6   —   —  
  Net cash on hand at time of the acquisition     —   (73,7)  —   —  
  Long-term liabilities     7,0   700,7   —   0,2  
  Goodwill on acquisitions     (44,5)  (137,1)  —   —  
  Attributable share of net assets at date of acquisition (decrease in investment in associates)    —   279,9      
  Shares purchased in existing business     —   —   (0,2)  (437,9) 
  Cost of investment     (69,4)  (483,9)  (0,2)  (463,5) 
  Net cash on hand at time of the acquisition     —   73,7   —   —  
  Amounts due to bankers and short-term loans at time of acquisition     —   (858,4)  —   —  
  Loan taken over from the seller     —   219,0   —   —  
  Loans contributed by non-controlling shareholder     1,0   1,0      
  Net cash paid     (68,4)  (1 048,6)  (0,2)  (463,5)