| |
|
Year ended |
Year ended |
| |
|
30 June |
30 June |
| R millions |
|
2011 |
2010 |
| Cash flows from operating activities |
|
|
|
| Profit before tax |
|
9 561 |
7 225 |
| Adjustments to profit before tax |
|
1 123 |
1 648 |
| Cash from changes in working capital |
|
(371) |
(1 184) |
| Exploration costs |
|
(44) |
(47) |
| Finance cost |
|
(179) |
(48) |
| Income tax paid |
|
(1 805) |
(1 676) |
| Net cash from operating activities |
|
8 285 |
5 918 |
| Cash flows from investing activities |
|
|
|
| Purchase of property, plant and equipment |
|
(5 293) |
(4 412) |
| Proceeds from sale of property, plant and equipment |
|
4 |
13 |
| Purchase of investment in associate |
|
(55) |
— |
| Payment received from associate on shareholders’ loan |
|
272 |
196 |
| Proceeds from investments disposed |
|
— |
8 |
| Loan repayments received |
|
394 |
442 |
| Advances granted |
|
(33) |
(106) |
| Finance income |
|
234 |
259 |
| Dividends received |
|
5 |
— |
| Net cash used in investing activities |
|
(4 472) |
(3 600) |
| Cash flows from financing activities |
|
|
|
| Issue of ordinary shares, net of cost |
|
77 |
82 |
| Lease liability repaid |
|
(19) |
(18) |
| Repayments of borrowings |
|
(836) |
(136) |
| Proceeds from borrowings |
|
253 |
176 |
| Dividends paid to Company's shareholders |
|
(2 519) |
(1 920) |
| Net cash used in financing activities |
|
(3 044) |
(1 816) |
| Net increase in cash and cash equivalents |
|
769 |
502 |
| Cash and cash equivalents at beginning of year |
|
3 858 |
3 348 |
| Effect of exchange rate changes on cash and cash equivalents held in foreign currencies |
|
(85) |
8 |
| Cash and cash equivalents at end of year |
|
4 542 |
3 858 |