Statements of cash flows
for the year ended 31 March 2011
      Group   Company
  Note     2011  
Rm  		   Restated1
2010  
Rm  		   2011  
Rm  		   Restated1
2010  
Rm  
Cash flows from operating activities                    
Cash generated from operations   39     28 275     15 999     27 384     15 176  
Net cash flows from financial trading assets       2 925     (4 908)    2 929     (4 871) 
Net cash flows from financial trading liabilities       (1 456)    3 040     (1 456)    3 040  
Net cash flows from current derivatives held for risk management       (7 212)    (4 726)    (7 212)    (4 726) 
Net cash flows from non-current assets held-for-sale       (97)    (77)    –     –  
Income taxes paid       (151)    (210)    –     –  
Net cash generated from operating activities       22 284     9 118     21 645     8 619  
Cash flows from investing activities                    
Proceeds from disposal of property, plant and equipment       135     118     144     92  
Proceeds from disposal of intangible assets       –     23     –     –  
Acquisitions of property, plant and equipment       (43 975)    (44 184)    (44 098)    (43 664) 
Acquisitions of intangible assets       (350)    (698)    (374)    (644) 
Expenditure on future fuel supplies       (1 079)    (1 127)    (1 079)    (1 127) 
Increase in deferred income       463     293     463     293  
Proceeds from disposal of investments in subsidiary companies       –     –     4     –  
(Decrease)/increase in non-current trade and other receivables       (509)    163     6     –  
Increase in non-current loans receivable       (1 469)    (1 812)    –     –  
(Increase)/decrease in finance lease receivables       (20)    2     (20)    2  
Net cash flows from non-current assets and liabilities held-for-sale       (10)    (224)    –     –  
Proceeds from disposal of non-current assets held-for-sale-disposal       –     76     –     –  
Dividends received – non-current assets held-for-sale       –     166     –     –  
Dividends received – other       26     12     15     166  
Increase/(decrease) in non-current trade and other payables       793     (332)    481     (500) 
Net cash used in investing activities       (45 995)    (47 524)    (44 458)    (45 382) 
Cash flows from financing activities                    
Debt raised       78 758     60 107     71 101     60 107  
Debt securities issued       26 144     16 286     26 144     16 286  
Subordinated loan from shareholder2       20 000     30 000     20 000     30 000  
Borrowings       32 614     13 821     24 957     13 821  
Debt repaid       (18 756)    (20 351)    (11 215)    (20 576) 
Debt securities issued       (641)    (2 263)    (778)    (2 393) 
Borrowings       (18 115)    (18 088)    (10 437)    (18 183) 
Net cash flows from financial instruments with group companies       –     –     (1 771)    (1 147) 
Net cash flows from non-current assets held-for-sale       43     24     –     –  
(Increase)/decrease in investment in securities       (33 693)    3 924     (32 564)    3 600  
(Decrease)/increase in finance lease liabilities       (17)    40     (41)    (50) 
Net cash flows from non-current derivatives held for risk management       (89)    (4 179)    (89)    (4 179) 
Interest received       2 353     1 512     2 331     1 465  
Interest paid       (8 269)    (5 577)    (8 344)    (5 507) 
Net cash from financing activities       20 330     35 500     19 408     33 713  
Net decrease in cash and cash equivalents       (3 381)    (2 906)    (3 405)    (3 050) 
Cash and cash equivalents at beginning of the year       15 541     18 382     14 871     17 921  
Cash and cash equivalents (attributable to)/transfer from non-current assets held-for-sale       (73)    65     –     –  
Cash and cash equivalents at end of the year   13.1     12 087     15 541     11 466     14 871  
Reconciliation of net cash flow to movement in net debt                    
Net increase in debt securities issued       25 503     14 023     25 366     13 893  
Net increase in borrowings       34 499     25 733     34 520     25 638  
Net cash flows from financial instruments with group companies       –     –     (1 771)    (1 147) 
(Increase)/decrease in investment in securities       (33 693)    3 924     (32 564)    3 600  
(Increase)/decrease in loans receivable       (826)    (2 459)    549     (549) 
(Decrease)/increase in finance lease liabilities       (17)    40     (41)    (50) 
Net cash flows utilised in derivatives held for risk management       (7 301)    (8 905)    (7 301)    (8 905) 
Net debt raised       18 165     32 356     18 758     32 480  
Portion on subordinated loan from shareholder allocated to equity       (8 683)    (13 393)    (8 683)    (13 393) 
Non-cash flow movements       7 842     20 929     7 836     19 728  
Cash and cash equivalents attributable to/(transfer from)non-current assets held-for-sale       73     (65)    –     –  
Net decrease in cash and cash equivalents for the year       3 381     2 906     3 405     3 050  
Movement in net debt for the year       20 778     42 733     21 316     41 865  
Net debt at beginning of the year       89 969     47 236     94 181     52 316  
Net debt at end of the year       110 747     89 969     115 497     94 181  
Analysis of net debt                    
Debt securities issued   13     87 276     62 202     85 605     60 679  
Borrowings   13     73 034     43 771     72 511     43 247  
Finance lease liabilities   13, 26     529     684     902     1 039  
Financial instruments with group companies   13, 10     –     –     (2 344)    (564) 
Derivatives held for risk management   13, 15     5 858     8 158     5 858     8 158  
      166 697     114 815     162 532     112 559  
Cash and cash equivalents   13     (12 087)    (15 541)    (11 466)    (14 871) 
Investment in securities   13     (37 805)    (4 071)    (35 569)    (2 958) 
Loans receivable   13     (6 058)    (5 234)    –     (549) 
Net debt at end of the year       110 747     89 969     115 497     94 181  
   
1. Refer to note 44.
2. Includes R11 317 million (2009: R23 445 million) which is included in borrowings (refer to note 13.5). The remainder of the balance is recognised in equity.