Statements of cash flows

 
 

For the year ended 30 June

    Group       Company  
  Notes   2011  
R’000  
2010  
R’000  
    2011  
R’000  
2010  
R’000  
Cash flows from operating activities     (33 726)  456 800       6 732   24 696  
Cash received from customers   27   1 806 781   4 143 232       —   —  
Cash paid to suppliers and employees   28   (1 827 986)  (3 714 983)      —   —  
Cash (utilised in)/generated from operations   29   (21 205)  428 249       —   —  
Interest received     26 011   35 428       4 493   2 690  
Interest paid     (51 435)  (109 478)      (230)  (5 789) 
Investment income     74 301   174 122       50   31 110  
Taxation (paid)/refunded   31   (61 398)  (71 521)      2 419   (3 315) 
Cash flows from investing activities     196 021   114 484       8 097   (72 363) 
Net (disposal)/acquisition of subsidiaries   32   (188 368)  4 138       653 288   —  
Additions to property, plant and equipment and other intangible assets     (59 890)  (197 700)      (442)  (1 148) 
Proceeds from disposal of property, plant and equipment     6 485   6 415       —   —  
Proceeds from disposal of investments     614 152   769 528       —   —  
Decrease in investments     (176 358)  (467 897)      (644 749)  (71 215) 
Cash flows from financing activities     (624 519)  (514 693)      (14 790)  (30 008) 
Decrease in non-current liabilities     (606 272)  (497 478)      —   —  
(Decrease)/increase in current liabilities     (3 210)  14 492       —   —  
Decrease in minority interest     (398)  (1 699)      —   —  
Share issue costs     151   —       —   —  
Preference dividends paid     (14 790)  (30 008)      (14 790)  (30 008) 
Net (decrease)/increase in cash and cash equivalents     (462 224)  56 591       39   (77 675) 
Cash and cash equivalents at the beginning of the year     526 143   469 552       215   77 890  
Cash and cash equivalents at the end of the year   9   63 919   526 143       254   215