for the year ended 30 September 2011
 

Cash flow statements

 
 
      Group   Company
  Notes     2011  
Rm  
  Restated  
2010  
Rm  
  2011  
Rm  
  2010  
Rm  
Cash flows from operating activities                    
Cash generated from operations before working capital changes   A     1 511,6     1 401,8     423,3     445,7  
Decrease in net working capital   B     47,7     318,3     20,3     6,3  
Cash generated from operations       1 559,3     1 720,1     443,6     452,0  
Interest received       46,9     65,0     24,4     9,2  
Interest paid       (6,6)    (7,2)    (2,6)    (3,0) 
Dividends received       0,6     1,4     1 172,6     457,3  
Taxation paid   C     (438,8)    (407,9)    (188,9)    (123,7) 
Net cash inflow from operating activities available to pay dividends       1 161,4     1 371,4     1 449,1     791,8  
Dividends paid (including to outside shareholders in subsidiaries)  D     (498,5)    (456,8)    (590,1)    (503,2) 
Net cash inflow from operating activities       662,9     914,6     859,0     288,6  
Cash flows from investing activities                    
Investments to maintain operating capacity       (30,3)    (21,7)    (8,9)    6,2  
Repayment of non-current loans       5,0     13,4     0,4     9,2  
Non-current loans granted       (6,7)    (1,7)    –     –  
Replacement of property, plant and equipment and intangible assets       (36,8)    (37,9)    (9,3)    (4,6) 
Proceeds on disposal of property, plant and equipment, intangible assets, investments and other capital items (excluding NSN)      8,2     4,5     –     1,6  
Investments to increase operating capacity       515,0     (291,6)    624,6     (218,4) 
Expansion of property, plant and equipment and intangible asset       (62,6)    (111,0)    (19,2)    (73,7) 
Goodwill on minor acquisitions       –     (0,3)    –     –  
Proceeds on disposal of NSN (net of costs)      791,2     –     791,2     –  
Proceeds on disposal of subsidiaries and businesses   E     –     –     23,6     18,0  
Acquisition of subsidiaries and businesses   F     (213,6)    (180,3)    (171,0)    (162,7) 
Net cash inflow/(outflow) from investing activities       484,7     (313,3)    615,7     (212,2) 
Cash flows from financing activities                    
Funds provided by equity holders of Reunert       59,4     24,9     59,4     24,9  
Share buyback       (1 127,9)    (125,7)    –     –  
Repayment of securitised borrowings       (699,9)    –     –     –  
Long-term borrowings – raised       0,8     0,5     –     –  
                                         – repaid (excluding
                                            securitised borrowings)
    (1,3)    (3,5)    (2,4)    (1,7) 
Net loans (to)/from subsidiaries               (1 670,6)    93,3  
Net cash (outflow)/inflow from financing activities       (1 768,9)    (103,8)    (1 613,6)    116,5  
Net (decrease)/increase in cash and cash equivalents       (621,3)    497,5     (138,9)    192,9  
Net cash and cash equivalents at the beginning of the year       1 185,9     688,4     283,0     90,1  
Net cash and cash equivalents at the end of the year   18     564,6     1 185,9     144,1     283,0  
Made up of:                    
Cash and cash equivalents       643,0     1 878,1     145,2     283,0  
Bank overdrafts       (78,4)    (692,2)    (1,1)    –  
Net cash and cash equivalents   18     564,6     1 185,9     144,1     283,0  
Net cash flows from operating activities before dividends paid       1 161,4     1 371,4          
Operating cash flow before dividends paid per share (cents)      702,5     767,4