SIX-YEAR CONSOLIDATED STATEMENT OF CASH FLOWS
for the year ended 31 August

R’m 5-year 2010 2009 2008 2007 2006 2005
  aggregate            
  effect            
Cash effects of operating activities              
Operating profit before working capital changes 3 512 837 825 722 622 506 454
Working capital changes 430 (203) 490 (223) 521 (155) (196)
Cash generated by operations 3 942 634 1 315 499 1 143 351 258
Interest received 68 9 14 19 15 11 8
Interest paid (261) (35) (43) (60) (52) (71) (58)
Taxation (paid)/received (630) (175) (229) (193) 38 (71) (109)
Cash inflow from operating activities              
before distributions 3 119 433 1 057 265 1 144 220 99
Distributions paid to shareholders (816) (245) (191) (157) (121) (102) (112)
Net cash effects of operating activities 2 303 188 866 108 1 023 118 (13)
Cash effects of investing activities              
Investment in property, plant and equipment and intangible assets to maintain operations (441) (86) (110) (89) (76) (80) (83)
Investment in property, plant and equipment and intangible assets to expand operations (480) (120) (114) (85) (79) (82) (87)
Acquisition of additional goodwill (1) (1) (2)
Proceeds from disposal of business 316 316
Acquisition of business, net of cash acquired (34) (22) (10) (2)
Acquisition of remaining interest in subsidiary (3) (3)
Proceeds from disposal of property, plant and equipment 108 2 2 35 48 21 16
Decrease/(increase) in loan receivables 86 19 15 7 4 41 (26)
Net cash effects of investing activities (449) (210) (217) 182 (103) (101) (182)
Cash effects of financing activities              
Proceeds from the issue of share capital 76 2 74 57
Purchase of treasury shares (1 872) (322) (338) (607) (558) (47) (127)
Proceeds from disposal of treasury shares 222 15 42 44 121
Interest-bearing borrowings raised/(repaid) (174) 71 (44) (39) (65) (97) (81)
Net cash effects of financing activities (1 748) (236) (340) (602) (500) (70) (151)
Net (decrease)/increase in cash and cash equivalents 106 (258) 309 (312) 420 (53) (346)
               
Notes:              
1.   The 2007 statement of cash flows presents the group statement of financial position including the Discom assets and liabilities rather than as part of non-current assets and liabilities held for sale. The Discom business unit was disposed of during September 2007.
2. For an explanation of terms used, please refer to the Definitions.

 

US 5-year 2010 2009 2008 2007 2006 2005
Dollars’m aggregate            
  effect            
Cash effects of operating activities              
Operating profit before working capital changes 467 115 91 97 86 78 73
Working capital changes 45 (28) 56 (31) 72 (24) (30)
Cash generated by operations 512 87 147 66 158 54 43
Interest received 10 1 2 3 2 2 1
Interest paid (36) (5) (5) (8) (7) (11) (9)
Taxation (paid)/received (81) (24) (25) (26) 5 (11) (17)
Cash inflow from operating activities before distributions 405 59 119 35 158 34 18
Distributions paid to shareholders (109) (34) (21) (21) (17) (16) (18)
Net cash effects of operating activities 296 25 98 14 141 18
Cash effects of investing activities              
Investment in property, plant and equipment and intangible assets to maintain operations (59) (12) (12) (12) (11) (12) (13)
Investment in property, plant and equipment and intangible assets to expand operations (65) (17) (13) (11) (11) (13) (14)
Proceeds from disposal of business 43 43
Acquisition of business, net of cash acquired (4) (3) (1)
Proceeds from disposal of property, plant and equipment 15 5 7 3 3
Decrease/(increase) in loan receivables 13 3 2 1 1 6 (4)
Net cash effects of investing activities (57) (29) (24) 26 (14) (16) (28)
Cash effects of financing activities              
Proceeds from the issue of share capital 11 11 9
Purchase of treasury shares (248) (44) (37) (82) (78) (7) (20)
Proceeds from disposal of treasury shares 30 2 5 6 17
Interest-bearing borrowings raised/(repaid) (24) 10 (5) (5) (9) (15) (13)
Net cash effects of financing activities (231) (32) (37) (81) (70) (11) (24)
Net (decrease)/increase in cash and cash equivalents 8 (36) 37 (41) 57 (9) (52)
               
Exchange rate: average rate   7.27 9.05 7.41 7.20 6.48 6.23
               
Note:              
1.   The ZAR six-year consolidated statement of cash flows was translated to USD using the average rate. .