Cash flow statements

for the year ended 30 September

 
 
    Group   Company
  Notes   2010  
Rm  
  2009  
Rm  
  2010  
Rm  
  2009  
Rm  
CASH FLOWS FROM OPERATING ACTIVITIES                 
Cash generated from operations before working capital changes   A   1 362,6     1 279,4     445,7     370,6  
Decrease in net working capital     318,3     757,4     6,3     183,0  
Working capital changes (excluding Quince)  B   83,0     513,9     6,3     183,0  
Movement in Quince accounts receivable     235,3     243,5          
Cash generated from operations     1 680,9     2 036,8     452,0     553,6  
Interest received     117,3     128,9     9,2     12,4  
Interest paid     (20,3)    (21,1)    (3,0)    (1,5) 
Dividends received     1,4     0,4     457,3     466,5  
Taxation paid   C   (407,9)    (477,5)    (123,7)    (157,5) 
Net cash inflow from operating activities available to pay dividends     1 371,4     1 667,5     791,8     873,5  
Dividends paid (including to outside shareholders in subsidiaries)  D   (456,8)    (550,3)    (503,2)    (602,9) 
Net cash inflow from operating activities     914,6     1 117,2     288,6     270,6  
CASH FLOWS FROM INVESTING ACTIVITIES                
Investments to maintain operating capacity     (21,7)    (26,9)    6,2     (8,2) 
Repayment of non-current loans     13,4     3,6     9,2     3,5  
Non-current loans granted     (1,7)    (4,7)    —     (4,2) 
Replacement of property, plant and equipment and intangible assets     (37,9)    (52,4)    (4,6)    (8,5) 
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     4,5     2,6     1,6     1,0  
Investments to increase operating capacity     (291,6)    (103,9)    (218,4)    (0,1) 
Expansion of property, plant and equipment     (87,4)    (32,7)    (73,7)    (1,4) 
Expansion of intangible assets     (23,6)    (2,0)    —     —  
Goodwill on minor acquisitions     (0,3)    (0,8)    —     —  
Transfer investment in subsidiary to another subsidiary     —     —     —     1,5  
Proceeds on disposal of subsidiaries and businesses   E   —     —     18,0     —  
Acquisition of subsidiaries and businesses   F   (180,3)    (68,4)    (162,7)    (0,2) 
Net cash outflow from investing activities     (313,3)    (130,8)    (212,2)    (8,3) 
CASH FLOWS FROM FINANCING ACTIVITIES                 
Funds provided by equity holders of Reunert     24,9     9,1     24,9     9,1  
Share buyback     (125,7)    —     —     —  
Long-term borrowings – raised     0,5     0,1     —     —  
                                – repaid     (3,5)    (6,7)    (1,7)    (1,1) 
Net loans from/(to) subsidiaries             93,3     (304,7) 
Net cash (outflow)/inflow from financing activities     (103,8)    2,5     116,5     (296,7) 
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS    497,5     988,9     192,9     (34,4) 
NET CASH AND CASH EQUIVALENTS/(BORROWINGS) AT THE BEGINNING OF THE YEAR     688,4     (300,5)    90,1     124,5  
NET CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
MADE UP OF:  
  1 185,9     688,4     283,0     90,1  
Cash and cash equivalents     1 805,6     1 603,1     283,0     90,1  
Bank overdrafts     (0,7)    —     —     —  
Net cash resources of the group/company excluding Quince     1 804,9     1 603,1     283,0     90,1  
Quince bank balances and cash     72,5     97,6          
Quince short-term borrowings     (691,5)    (1 012,3)         
Quince net borrowings     (619,0)    (914,7)         
Net cash and cash equivalents (refer to note 18   1 185,9     688,4     283,0     90,1  
Net cash flows from operating activities before dividends paid and excluding movements in Quince accounts receivable     1 136,1     1 424,0          
Operating cash flow per share (cents)    635,8     797,8