Consolidated cash flow statement
| |
|
|
|
Year ended 30 June |
| |
(All amounts in rand millions unless otherwise stated) |
Notes |
|
2006 |
2005 |
| |
|
|
|
|
|
| |
Cash flows from operating activities |
|
|
|
|
| |
Cash generated from operations |
37 |
|
6,497.0 |
3,755.5 |
| |
Interest paid |
29 |
|
(40.4) |
(37.4) |
| |
Income tax paid |
|
|
(1,553.9) |
(931.1) |
| |
Net cash from operating activities |
|
|
4,902.7 |
2,787.0 |
| |
|
|
|
|
|
| |
Cash flows from investing activities |
|
|
|
|
| |
Increase in shareholding in subsidiary |
40 |
|
(1.5) |
(22.2) |
| |
Purchase of property, plant and equipment |
|
|
(2,176.7) |
(1,995.5) |
| |
Proceeds from sale of property, plant and equipment |
|
|
101.7 |
31.9 |
| |
Increase in investments in associates |
6 |
|
(151.7) |
(82.3) |
| |
Payment received from associate on shareholders loan |
6 |
|
– |
22.1 |
| |
Disposal of investment in associate |
31 |
|
– |
4,919.8 |
| |
Loans granted |
9 |
|
– |
(617.5) |
| |
Loan repayments received |
9 |
|
36.5 |
41.7 |
| |
Interest received |
|
|
356.3 |
200.1 |
| |
Dividends received |
|
|
10.9 |
1.0 |
| |
Net cash (used in)/generated from investing activities |
|
|
(1,824.5) |
2,499.1 |
| |
|
|
|
|
|
| |
Cash flows from financing activities |
|
|
|
|
| |
Issue of ordinary shares |
13 |
|
213.9 |
53.3 |
| |
Purchase of treasury shares by subsidiary |
13 |
|
– |
(613.1) |
| |
Proceeds from/(repayments of) short-term borrowings |
|
|
6.9 |
(548.1) |
| |
Proceeds from long-term borrowings |
|
|
10.2 |
– |
| |
Dividends paid to company's shareholders |
|
|
(5,467.9) |
(1,394.8) |
| |
Net cash used in financing activities |
|
|
(5,236.9) |
(2,502.7) |
| |
|
|
|
|
|
| |
Net (decrease)/increase in cash and cash equivalents |
|
|
(2,158.7) |
2,783.4 |
| |
|
|
|
|
|
| |
Cash and cash equivalents at beginning of year |
12 |
|
3,984.3 |
1,187.0 |
| |
|
|
|
|
|
| |
Effects of exchange rate changes on monetary assets |
|
|
38.8 |
13.9 |
| |
|
|
|
|
|
| |
Cash and cash equivalents at end of year |
12 |
|
1,864.4 |
3,984.3 |
|
|
|
|
|
|
|
The Notes are an integral part of these consolidated financial statements. |
Impala Platinum Holdings Limited - Annual Report 2006
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