A N N U A L    R E P O R T    2 0 0 0

 


 
C A S H  F L O W   S T A T E M E N T   
     
GROUP
COMPANY
     
2000
1999
2000
1999
 
Notes
Rm
Rm
Rm
Rm
 
 
Cash flows from operating activities
         
             
  Operating profit before working          
  capital changes
A
281,1 
371,6 
151,5 
137,2 
   
  Working capital changes
B
75,0 
3,0 
129,1 
(201,3)
 
  Cash generated from operations
356,1 
374,6 
280,6 
(64,1)
  Interest received
77,0 
131,0 
28,7 
29,5 
  Interest paid
(33,4)
(46,5)
(7,0)
(7,5)
  Dividends received (including from
  associates)
82,0 
104,2
246,9 
323,5 
  Taxation paid
C
(82,2)
(79,6)
(39,3)
(13,0)
  Dividends paid (including outside
  shareholders)
D
(127,4)
(110,2)
(122,4)
(96,2)
 
  Net cash inflow from operating
  activities
272,1 
373,5 
387,5 
172,2 
 
 
Cash flows from investing activities
   
  Investments to maintain
  operating capacity
(32,8)
28,5 
(189,2)
206,9 
   
  – Repayment of non-current loans
1,5 
21,3 
30,8 
8,3 
  – Non-current loans granted
(25,1)
– 
(23,6)
(3,3)
  – Replacement of fixed assets
(12,0)
(22,2)
(5,8)
(5,2)
  – Proceeds on disposal of fixed assets,
     investments and other capital items
2,8 
29,4 
1,8 
15,8 
  – Net loans (to)/from subsidiaries
(192,4)
191,3 
   
  Investments to increase operating capacity
83,0 
49,6 
(76,6)
70,9 
   
  – Expansion capital expenditure
(10,3)
(12,2)
(4,7)
(3,2)
  – Increase in investments
(7,4)
– 
(19,1)
(5,6)
  – Proceeds on disposal of subsidiaries
     and businesses
E
154,5 
79,2 
29,0 
79,7 
   
  – Acquisition of subsidiaries
     and businesses
F
(53,8)
(17,4)
(81,8)
– 
 
  Net cash inflow/(outflow) from
  investing activities
50,2 
78,1 
(265,8)
277,8 
 
 
Cash flows from financing activities
   
 
Funds provided by shareholders
  – Ordinary shareholders in Reunert
27,4 
0,5 
27,4 
0,5 
  – Reunert shares purchased by a
     subsidiary
(16,7)
– 
  Long-term liabilities – raised
0,7
– 
– 
– 
                               – repaid
(1,0)
(0,8)
– 
– 
  Special dividend and related taxation
(568,2)
– 
(568,2)
– 
 
  Net cash inflow/(outflow) from
  financing activities
(557,8)
(0,3)
(540,8)
0,5 
 
  Net (decrease)/increase in cash and
  cash equivalents
(235,5)
451,3 
(419,1)
450,5 
  Cash and cash equivalents at beginning
  of period
938,9 
487,6 
474,9 
24,4 
 
  Cash and cash equivalents at end
  of period*
703,4 
938,9 
55,8 
474,9 
 
  Net cash inflow from operating activities
272,1 
373,5 
  Cash flow per share (cents)
133,6 
186,4 
 
 
* Cash and cash equivalents are made up of:
    Cash and cash equivalents (see note 18
    to the annual financial statements)
706,2 
958,0 
55,8 
474,9 
    Short-term loans and bank
    overdrafts (see note 21 to the annual
    financial statements)
(2,8)
(19,1)
– 
– 
 
   
703,4 
938,9 
55,8 
474,9 
 


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Copyright - Reunert - 2003