Annual Financial Statements & Shareholders' Info - Consolidated financial statements

Annual financial statements

Impala Platinum Holdings Limited - Year ended 30 June 2004


		Year ended 30 June
(All amounts in Rand millions unless oherwise stated)	Notes	2004	2003


Cash flows from operating activities
Cash generated from operations	16	1 452.9	2 154.5
Tax paid		(8.3)	(6.6)
Net cash from operating activities		1 444.6	2 147.9

Cash flows from investing activities
Purchase of investments in associates	2	(42.0)	(11.2)
Purchase of investments in subsidiaries		(633.7)	(481.6)
Purchase of unlisted investments	4	(14.7)	-
Loans repaid by subsidiaries		728.0	613.4
Loans repaid by related parties and other undertakings	5	-	18.5
Interest received		3.5	6.1
Dividends received	12	2.8	21.7
Net cash used in investing activities		43.9	166.9

Cash flows from financing activities
Issue of ordinary shares	8	9.5	14.9
Dividends paid to shareholders	15	(1 498.0)	(2 329.7)
Net cash used in financing activities		(1 488.5)	(2 314.8)

Cash and cash equivalents at end of year		-	-

The notes on pages 139 to 142 are an integral part of these financial statements.

Impala Platinum Holdings Limited
Annual Report 2004