Cash flow statement

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For the year ended 30 June
Cash flows from operating activities
(All amounts in rand millions unless otherwise stated)	Notes	2008	2007
Profit before tax		22 817	11 220
Adjustments to profit before tax	37	(3 299)	2 318
Cash from changes in working capital	37	(3 105)	(591)
Finance cost		(92)	(42)
Income tax paid	21	(5 080)	(2 932)
Net cash from operating activities		11 241	9 973
Cash flows from investing activities
Acquisition of subsidiary, net of cash acquired	39	–	(3 884)
Long-term royalty prepayment to the Royal Bafokeng Nation	11	–	(12 483)
Purchase of property, plant and equipment		(5 291)	(2 810)
Proceeds from sale of property, plant and equipment		49	4
Increase in investments in associates		(9)	(119)
Proceeds from investments disposed	31	5 692	–
Purchase of listed investments	9	(39)	–
Payment received from associate on shareholders loan	8	235	259
Loan repayments received		–	36
Realisation of held-to-maturity investment		83	–
Finance income		559	570
Net cash from/(used) in investing activities		1 279	(18 427)
Cash flows from financing activities
Issue of ordinary shares, net of cost	16	190	12 544
Purchase of treasury shares	16	(254)	–
Lease liability repaid		(21)	(23)
Repayments of borrowings		(6)	(22)
Proceeds from borrowings		691	436
Dividends paid to company's shareholders	36	(6 055)	(3 112)
Net cash (used in)/from financing activities		(5 455)	9 823
Net increase in cash and cash equivalents		7 065	1 369
Cash and cash equivalents at beginning of year	14	3 218	1 864
Effects of exchange rate changes on monetary assets		110	(15)
Cash and cash equivalents at end of year	14	10 393	3 218

The notes are an integral part of these consolidated financial statements.

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