Group review

Notes to the Group cash flow statement

for the year ended 31 August


		2009 Rm	2008 Rm
a	Cash generated by trading
	Operating profit	646	797
	Non-cash items
	Depreciation	155	132
	Amortisation – intangible assets	42	38
	Operating lease costs adjustments	(1)	9
	Share-based payment	24	32
	Surplus on disposal of property, plant and equipment	(3)	(4)
	Revaluation of financial assets/liabilities	8	4
		871	1 008
b	(Increase)/decrease in working capital
	Increase in inventories	(43)	(100)
	(Increase)/decrease in trade and other receivables	(279)	538
	Increase/(decrease) in trade and other payables	32	(148)
	Unrealised foreign currency translation	(35)	11
		(325)	301
c	Finance costs – net
	Interest paid (note 3)	(272)	(188)
	Interest received (note 3)	184	104
	Fair value adjustments of financial assets and liabilities	(21)	(2)
		(109)	(86)
d	Taxation paid
	Amount receivable at beginning of year	95	33
	Per income statement (note 5)	(490)	(278)
	Acquisition of subsidiary companies	(6)	—
	Amount payable/(receivable) at end of year	8	(95)
		(393)	(340)
e	Dividends paid
	Amount payable at beginning of year	(67)	(100)
	Declared during the year	(67)	(251)
	Payable to minority shareholders	(1)	—
	Amount payable at end of year	67	67
		(68)	(284)
f	Acquisition of subsidiary companies
	Property, plant and equipment	61	—
	Deferred taxation	11	—
	Trade and other receivables	170	—
	Financial liabilities	(19)	—
	Life reserve fund	(1)	—
	Taxation	(6)	—
	Interest bearing liabilities	(53)	—
	Non-interest bearing liabilities	(7)	—
	Trade and other payables	(47)	—
	Bank overdraft	(77)	—
	Minority interest	(25)	—
		7	—
	Intangible assets	42
	Goodwill	108	—
	Cost of investment	157	—
	Bank overdraft acquired	77	—
	Cash flow from acquisition of subsidiaries	234	—
g	Cash and cash equivalents
	Bank balances and cash, net of bank overdraft	725	1 135