| |
|
Group |
Company |
| |
Notes |
Audited
2009
R' 000 |
Audited
2008
R' 000 |
Audited
2009
R' 000 |
Audited
2008
R' 000 |
| Cash flows from operating activities |
|
|
|
|
|
| Cash generated from operations |
26.1 |
284 161 |
251 492 |
558 |
1 179 |
| Movement in working capital |
26.2 |
30 630 |
(982) |
(341) |
(1 578) |
| Cash generated/(utilised) by operating activities |
|
314 791 |
250 510 |
217 |
(399) |
| Net interest received |
|
10 849 |
21 877 |
836 |
1 522 |
| – interest received |
6.1 |
11 005 |
22 949 |
836 |
1 522 |
| – finance costs |
6.2 |
(156) |
(1 072) |
– |
– |
| Taxation (paid)/received |
26.3 |
(75 451) |
(49 042) |
– |
11 |
| Capital distributions |
26.4 |
(80 181) |
(69 316) |
(80 181) |
(69 316) |
| Net cash inflow/(outflow) from operating activities |
|
170 008 |
154 029 |
(79 128) |
(68 182) |
| Cash flows from investing activities |
|
|
|
|
|
| Additions to property, plant and equipment |
|
|
|
|
|
| – to maintain operations |
26.6 |
(42 229) |
(34 612) |
– |
(2) |
| – to expand operations |
26.7 |
(86 714) |
(63 228) |
– |
– |
| Business combination cash flows |
|
|
|
|
|
| – additions to property, plant and equipment |
26.8 |
(2 464) |
(63 618) |
– |
– |
| – additions to goodwill |
11 |
(46 534) |
(38 359) |
– |
– |
| – additions to intangible assets |
12 |
(7 705) |
(40 914) |
– |
– |
| – shares issued in respect of acquisition |
|
35 550 |
– |
35 550 |
– |
Proceeds on disposal of property, plant
and equipment |
|
1 363 |
117 |
– |
– |
Effects of share options exercised on the
share option reserve |
|
(7 434) |
(1 038) |
– |
– |
Movement in shares held by The Share Incentive
Trust and the loan to The Share Incentive Trust |
|
454 |
6 723 |
(6 980) |
5 685 |
| Net cash (outflow)/inflow from investing activities |
|
(155 713) |
(234 929) |
28 570 |
5 683 |
| Cash flows from financing activities |
|
|
|
|
|
| Share buy-back |
|
(7 598) |
– |
(7 598) |
– |
| Decrease in long-term interest bearing borrowings |
|
(3 852) |
(7 044) |
– |
– |
| Increase in net loans from subsidiaries |
|
|
|
58 156 |
62 499 |
| Vendor claims (paid)/raised |
|
(7 023) |
13 667 |
– |
– |
| Net cash (outflow)/inflow from financing activities |
|
(18 473) |
6 623 |
50 558 |
62 499 |
| Net decrease in cash and cash equivalents |
|
(4 178) |
(74 277) |
– |
– |
Cash and cash equivalents at beginning
of the year |
|
43 789 |
118 061 |
– |
– |
Net foreign exchange difference on cash and
cash equivalents |
|
(1) |
5 |
– |
– |
| Cash and cash equivalents at end of the year |
18 |
39 610 |
43 789 |
– |
– |
