| |
Note |
|
31 March
2009
R'000 |
|
31 March
2008
R'000 |
|
| Cash flows from operating activities |
|
|
|
|
|
|
| Cash utilised in operations |
18 |
|
(61 068) |
|
(7 657) |
|
| Finance income – net |
|
|
350 457 |
|
318 216 |
|
| Investment income received |
|
|
35 |
|
1 253 660 |
|
| Taxation paid |
|
|
(127 101) |
|
(299) |
|
| Net cash from operating activities |
|
|
162 323 |
|
1 563 920 |
|
| Cash flows from investment activities |
|
|
|
|
|
|
| Acquisition of subsidiaries, net of cash acquired |
|
|
— |
|
(250 000) |
|
| Property, plant and equipment acquired |
|
|
(2 000) |
|
— |
|
| Proceeds from sale of property, plant and equipment |
|
|
1 634 |
|
— |
|
| Net cash utilised in investing activities |
|
|
(366) |
|
(250 000) |
|
| Cash flows from financing activities |
|
|
|
|
|
|
| Loans granted to subsidiaries |
|
|
(492 307) |
|
(4 847 853) |
|
| Proceeds from share issue |
|
|
16 724 |
|
96 320 |
|
| Preference dividends received |
|
|
19 798 |
|
18 104 |
|
| Dividend paid by holding company |
|
|
(687 570) |
|
(558 983) |
|
| Net cash utilised in financing activities |
|
|
(1 143 355) |
|
(5 292 412) |
|
| Net decrease in cash and cash equivalents |
|
|
(981 398) |
|
(3 978 492) |
|
| Forex translation adjustments on cash and cash equivalents |
|
|
5 943 |
|
4 553 |
|
| Cash and cash equivalents at beginning of the year |
|
|
2 717 001 |
|
6 690 940 |
|
| Cash and cash equivalents at end of the year |
|
|
1 741 546 |
|
2 717 001 |
|
