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Year ended 30 June |
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(All amounts in Rand millions unless otherwise stated) |
Notes |
2005 |
2004 |
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| Cash flows from operating activities | | | |
| Cash generated from operations | 35 | 3,755.5 | 3,147.6 |
| Interest paid | 28 | (37.4) | (63.0) |
| Income tax paid | | (931.1) | (1,264.5) |
| Net cash from operating activities | | 2,787.0 | 1,820.1 |
| Cash flows from investing activities | | | |
| Increase in shareholding/acquisition of subsidiary, net of cash acquired | 38 | (22.2) | (631.9) |
| Disposal of subsidiaries, net of cash sold | 30 | – | 388.6 |
| Purchase of property, plant and equipment | 5 | (1,995.5) | (1,824.7) |
| Proceeds from sale of property, plant and equipment | 5 | 31.9 | 7.8 |
| Increase in investments in associates | 6 | (82.3) | (42.0) |
| Payment received from associate on shareholder's loan | 6 | 22.1 | – |
| Disposal of investment in associate | 30 | 4,919.8 | – |
| Purchase of unlisted investments | 7 | – | (14.7) |
| Loans granted | 9 | (617.5) | – |
| Loan repayments received | 9 | 41.7 | – |
| Payments made to environmental trust | 18 | – | (8.3) |
| Interest received | | 200.1 | 78.2 |
| Dividends received | | 1.0 | 295.8 |
| Net cash generated from/(used in) investing activities | | 2,499.1 | (1,751.2) |
| Cash flows from financing activities | | | |
| Issue of ordinary shares | 13 | 53.3 | 25.2 |
| Purchase of treasury shares by subsidiary | 13 | (613.1) | – |
| (Repayments of)/proceeds from short-term borrowings | 15 | (548.1) | 380.9 |
| Repayments of long-term borrowings | 15 | – | (74.7) |
| Dividends paid to company's shareholders | | (1,394.8) | (1,498.0) |
| Net cash used in financing activities | | (2,502.7) | (1,166.6) |
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| Net increase/(decrease) in cash and cash equivalents | | 2,783.4 | (1,097.7) |
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| Cash and cash equivalents at beginning of year | 12 | 1,187.0 | 2,324.5 |
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| Effects of exchange rate changes on monetary assets | | 13.9 | (39.8) |
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| Cash and cash equivalents at end of year | 12 | 3,984.3 | 1,187.0 |
| The
Notes are an integral part of these consolidated financial statements. |
