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Cash flow statements

for the year ended 31 December 2008

                     GROUP                  COMPANY  
        2008   2007     2008   2007  
    Note   R millions   R millions     R millions   R millions  
Cash generated by operations i   1 590   1 148     613   416  
Dividends received     12   12     238   232  
Interest paid     (276)   (173)     (251)   (180)  
Interest received     30   30     344   193  
Income tax paid ii   (232)   (196)     (89)   (4)  
Changes in working capital iii   (921)   (627)     (465)   (301)  
Expenditure relating to non-current provisions     (71)   (67)     (71)   (67)  
Expenditure relating to retrenchments and restructuring     (103)   (1)     (103)   *  
Cash available from operating activities     29   126     216   289  
Dividends paid 24   (250)   (237)     (277)   (259)  
Cash flows from operating activities     (221)   (111)     (61)   30  
Cash flows from investing activities     (1 002)   74     (1 229)   (217)  
Net replacement of property, plant and equipment to maintain                      
operations       (279)   (272)     (121)   (66)  
Replacement of property, plant and equipment  
 
(361)   (307)     (132)   (74)  
Proceeds from disposal of property, plant and equipment     82   35     11   8  
Investments to expand operations     (747)   (432)     (1 108)   (885)  
Acquisition of – property, plant and equipment     (644)   (373)     (39)   (62)  
  – investments     (25)   (1)        
    – subsidiaries iv   (64)   (49)       (1)  
    – businesses iv   (14)   (9)       (23)  
Net loans with subsidiaries and joint ventures               (1 069)   (799)  
Proceeds from disposal of investments and businesses     24   778       734  
Proceeds from disposal of – subsidiaries iv   10          
  – discontinued operations iv     761       714  
  – businesses iv     10       20  
  – listed investments     14   7        
                         
Net cash utilised       (1 223)   (37)     (1 290)   (187)  
Cash flows from financing activities     1 136   108     1 337   118  
Non-current borrowings – raised     1 620   47     1 613   33  
  – repaid     (307)   (276)     (260)   (240)  
Movement in current borrowings     61   337     114   325  
Share repurchase     (238)       (130)    
                       
(Decrease)/increase in cash and cash equivalents     (87)   71     47   (69)  
Cash and cash equivalents at the beginning of the year     428   375     20   89  
Translation gain/(loss) on cash and cash equivalents     90   (5)        
Classified as held for sale     13   (13)        
Cash and cash equivalents at the end of the year     444   428     67   20  

* Nominal amount.