COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2010
| Note | 31 March 2010 R'm |
31 March 2009 R'm |
|
| Cash flows from operating activities | |||
| Cash utilised in operations | 17 | (64) | (61) |
| Finance income/(costs) – net | 150 | 350 | |
| Taxation paid | (30) | (127) | |
| Net cash from operating activities | 56 | 162 | |
| Cash flows from financing activities | |||
| Loans granted to subsidiaries | (824) | (492) | |
| Proceeds from share issue | 7 | 17 | |
| Preference dividends received | 20 | 20 | |
| Dividend paid by holding company | (794) | (688) | |
| Net cash utilised in financing activities | (1 591) | (1 143) | |
| Net decrease in cash and cash equivalents | (1 535) | (981) | |
| Forex translation adjustments on cash and cash equivalents | (9) | 6 | |
| Cash and cash equivalents at beginning of the year | 1 741 | 2 716 | |
| Cash and cash equivalents at end of the year | 197 | 1 741 |
