A N N U A L   R E P O R T   –   2 0 0 1 
Letter to the shareholders Income statements
Financial highlights Balance sheets
Chief executive’s report Cash flow statements
Five-year financial review Segmental analysis

C A S H    F L O W    S T A T E M E N T S  
FOR THE YEAR ENDED 30 SEPTEMBER      
   

GROUP

COMPANY

 
2001 
2000 
2001 
2000 
 
Notes
Rm 
Rm 
Rm 
Rm 

CASH FLOWS FROM OPERATING ACTIVITIES        
Operating profit before          
working capital changes 425,0  312,9  206,7  151,5 
(Increase)/reduction in net working capital (55,4) 164,5  (23,8) 129,1 
           
Reduction in RC&C Finance Company          
accounts receivable 6,5  121,5     
Working capital changes (61,9) 43,0  (23,8) 129,1 

Cash generated from operations 369,6  477,4  182,9  280,6 
Interest received 64,5  77,0  14,3  28,7 
Interest paid (13,1) (33,4) (1,7) (7,0)
Dividends received 78,6  62,8  144,8  246,9 
Taxation paid (133,0) (96,0) (39,1) (39,3)
Dividends paid          
(including outside shareholders) (169,0) (127,4) (163,2) (122,4)

Net cash inflow from          
operating activities 197,6  360,4  138,0  387,5 

CASH FLOWS FROM INVESTING ACTIVITIES      
Investments to maintain          
operating capacity   (9,8) (33,2) 60,1  (189,2)
           
– Repayment of non-current loans   7,3  1,5  5,0  30,8 
– Non-current loans granted   (0,9) (25,1) (3,0) (23,6)
– Replacement of fixed assets   (20,4) (12,0) (10,1) (5,8)
– Proceeds on disposal of fixed assets,          
   investments and other capital items   4,2  2,4  0,3  1,8 
– Net loans from/(to) subsidiaries       67,9  (192,4)
           
   Investments to increase          
   operating capacity   (75,9) 83,0  (184,9) (76,6)
           
– Expansion capital expenditure   (32,4) (10,3) (14,2) (4,7)
– Increase in investments   (2,8) (7,4) –  (19,1)
– Proceeds on disposal of          
   subsidiaries and businesses –  154,5  –  29,0 
– Acquisition of subsidiaries          
   and businesses (40,7) (53,8) (170,7) (81,8)

Net cash (outflow)/inflow from          
investing activities   (85,7) 49,8  (124,8) (265,8)

   
GROUP            
COMPANY           
 
2001 
2000 
2001 
2000 
 
Rm 
Rm 
Rm 
Rm 

CASH FLOWS FROM FINANCING ACTIVITIES    
Funds provided by shareholders          
– Ordinary shareholders in Reunert   0,4  27,4  0,4  27,4 
– Reunert shares purchased          
   by a subsidiary   (217,9) (16,7)    
Long-term liabilities – raised   –  0,7  –  – 
                             – repaid   (1,5) (26,0) –  – 
Special dividend and related taxation   –  (568,2) –  (568,2)

Net cash (outflow)/inflow from          
financing activities   (219,0) (582,8) 0,4  (540,8)

NET (DECREASE)/INCREASE IN CASH          
AND CASH EQUIVALENTS   (107,1) (172,6) 13,6  (419,1)
CASH AND CASH EQUIVALENTS          
AT BEGINNING OF YEAR   72,8  245,4  55,8  474,9 

CASH AND CASH EQUIVALENTS          
AT END OF YEAR*   (34,3) 72,8  69,4  55,8 

Net cash flows from operating activities   197,6  360,4     
Operating cash flow per share (cents)   103,1  176,9     

* Cash and cash equivalents are made up of:
     
Cash and cash equivalents   303,5  222,8  69,4  55,8 
Short-term loans and bank overdrafts   (13,8) (2,8) –  – 

Net cash resources of the group/company          
excluding RC&C Finance Company   289,7  220,0  69,4  55,8 
RC&C Finance Company short-term          
borrowings   (324,0) (147,2)    

Net (borrowings)/cash and          
cash equivalents of the group/company   (34,3) 72,8  69,4  55,8 


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