| |
|
GROUP |
|
COMPANY |
| |
|
2006
Rm
|
|
2005
Rm
(Restated) |
|
2006
Rm
|
|
2005
Rm
(Restated) |
| A. |
RECONCILIATION OF
PROFIT BEFORE TAXATION TO CASH GENERATED
FROM OPERATIONS BEFORE WORKING CAPITAL
CHANGES: |
|
|
|
|
|
|
|
| |
Profit before taxation |
1
339,2 |
|
971,3 |
|
833,9 |
|
709,2 |
| |
Adjusted for: |
|
|
|
|
|
|
|
| |
– Net interest received |
(58,0) |
|
(37,3) |
|
(37,2) |
|
(18,2) |
| |
– Dividends received |
(6,9) |
|
(12,8) |
|
(342,2) |
|
(307,4) |
| |
– Depreciation of property,
plant and equipment |
59,9 |
|
46,4 |
|
24,7 |
|
18,2 |
| |
– Amortisation of intangible
assets |
3,3 |
|
3,5 |
|
1,3 |
|
0,7 |
| |
– Net (surplus)/loss on
disposal of property,
plant
and equipment |
(2,6) |
|
0,2 |
|
0,3 |
|
(0,1) |
| |
– Abnormal items |
(1,6) |
|
(3,9) |
|
(12,8) |
|
40,5 |
| |
– Share option expense |
9,6 |
|
6,7 |
|
9,6 |
|
6,7 |
| |
– Powerhouse option expense |
— |
|
24,1 |
|
|
|
|
| |
– Other non-cash movements |
(11,3) |
|
(1,7) |
|
(2,9) |
|
7,5 |
| |
Cash generated from
operations before
working capital changes |
1
331,6 |
|
996,5 |
|
474,7 |
|
457,1 |
| B. |
WORKING CAPITAL
CHANGES: |
|
|
|
|
|
|
|
| |
– Inventory and contracts
in progress |
(247,6) |
|
(67,9) |
|
(64,8) |
|
(31,1) |
| |
– Accounts receivable,
derivative assets and
non-current
assets held for sale |
(456,4) |
|
(66,9) |
|
(185,5) |
|
(20,2) |
| |
– Trade and other payables
and derivative liabilities |
451,2 |
|
33,5 |
|
58,9 |
|
1,6 |
| |
Working capital changes |
(252,8) |
|
(101,3) |
|
(191,4) |
|
(49,7) |
| C. |
RECONCILIATION OF
TAXATION PAID TO
THE AMOUNTS DISCLOSED IN THE INCOME
STATEMENT AS FOLLOWS: |
|
|
|
|
|
|
|
| |
– Net amounts unpaid at
beginning of year |
(67,5) |
|
(133,6) |
|
(50,0) |
|
(71,8) |
| |
– Current taxation per
the income statement |
(461,8) |
|
(298,8) |
|
(203,0) |
|
(147,5) |
| |
– Translation reserve |
(0,3) |
|
— |
|
— |
|
— |
| |
– Net amounts unpaid
at end of year |
182,2 |
|
67,5 |
|
61,0 |
|
50,0 |
| |
Cash amounts paid |
(347,4) |
|
(364,9) |
|
(192,0) |
|
(169,3) |
| D. |
RECONCILIATION OF
DIVIDENDS PAID TO THE AMOUNTS DISCLOSED
IN THE STATEMENT OF CHANGES IN EQUITY AS
FOLLOWS: |
|
|
|
|
|
|
|
| |
– Dividends per the statement
of changes in equity |
(839,0) |
|
(298,6) |
|
(842,7) |
|
(331,3) |
| |
– Dividends paid to outside
shareholders in subsidiaries |
(15,9) |
|
(9,7) |
|
|
|
|
| |
– Net amounts unpaid
at end of year |
390,7 |
|
— |
|
390,7 |
|
— |
| |
Cash amounts paid |
(464,2) |
|
(308,3) |
|
(452,0) |
|
(331,3) |
| E. |
ANALYSIS OF DISPOSAL
OF SUBSIDIARIES AND BUSINESSES: |
|
|
|
|
|
|
|
| |
– Inventory |
— |
|
— |
|
— |
|
1,6 |
| |
– Accounts receivable |
— |
|
— |
|
— |
|
15,4 |
| |
– Trade and other payables
and provisions |
— |
|
— |
|
— |
|
(6,5) |
| |
– Property, plant and
equipment |
— |
|
— |
|
— |
|
0,8 |
| |
– Cash on hand at time
of the disposal |
— |
|
— |
|
— |
|
5,4 |
| |
Amounts received in
cash |
— |
|
— |
|
— |
|
16,7 |
| |
Cash on hand at time
of disposal |
— |
|
— |
|
— |
|
(5,4) |
| |
Net cash received |
— |
|
— |
|
— |
|
11,3 |
| F. |
ANALYSIS OF ACQUISITION
OF SUBSIDIARIES
AND BUSINESSES: |
|
|
|
|
|
|
|
| |
– Inventory |
(0,5) |
|
(1,9) |
|
(8,0) |
|
(0,3) |
| |
– Accounts receivable |
(1,4) |
|
(7,6) |
|
(10,4) |
|
— |
| |
– Trade and other payables
and provisions |
1,9 |
|
4,2 |
|
4,1 |
|
— |
| |
– Property, plant and
equipment |
(0,3) |
|
(1,2) |
|
(2,7) |
|
(0,6) |
| |
– Intangible assets |
(5,2) |
|
(2,3) |
|
(3,7) |
|
(2,3) |
| |
– Net cash on hand at
time of the acquisition |
(0,1) |
|
— |
|
(1,9) |
|
— |
| |
– Goodwill on previous
acquisitions |
(0,8) |
|
— |
|
(3,4) |
|
— |
| |
– Intercompany loan |
|
|
|
|
13,4 |
|
— |
| |
Cost of investment |
(6,4) |
|
(8,8) |
|
(12,6) |
|
(3,2) |
| |
Net cash on hand at
time of the acquisition |
0,1 |
|
— |
|
1,9 |
|
— |
| |
Loans and share capital
contributed by outside shareholder |
— |
|
5,6 |
|
|
|
|
| |
Net cash paid |
(6,3) |
|
(3,2) |
|
(10,7) |
|
(3,2) |
|
