| |
|
GROUP |
COMPANY |
| |
Notes |
2009
Rm |
2008
Rm |
2009
Rm |
2008
Rm |
| CASH FLOWS FROM OPERATING
ACTIVITIES |
|
|
|
|
|
| Cash generated from operations before
working capital changes |
A |
1
279,4 |
1 678,6 |
370,6 |
639,3 |
| Decrease/(increase) in net working
capital |
|
757,4 |
(327,7) |
183,0 |
(133,8) |
| Working capital changes (excluding
RCCF)* |
B |
513,9 |
(295,2) |
183,0 |
(133,8) |
| Movement in RCCF accounts receivable |
|
243,5 |
(32,5) |
|
|
 |
|
|
|
|
|
| Cash generated from operations |
|
2
036,8 |
1 350,9 |
553,6 |
505,5 |
| Interest received |
|
128,9 |
99,3 |
12,4 |
30,5 |
| Interest paid |
|
(21,1) |
(43,2) |
(1,5) |
(12,5) |
| Dividends received |
|
0,4 |
91,1 |
466,5 |
416,4 |
| Taxation paid |
C |
(477,5) |
(410,8) |
(157,5) |
(158,1) |
| Net cash inflow from operating activities
available to pay dividends |
|
1
667,5 |
1 087,3 |
873,5 |
781,8 |
| Dividends paid
(including to outside shareholders in subsidiaries) |
D |
(550,3) |
(569,0) |
(602,9) |
(626,2) |
| Net cash inflow
from operating activities |
|
1
117,2 |
518,3 |
270,6 |
155,6 |
| CASH FLOWS FROM INVESTING
ACTIVITIES |
|
|
|
|
|
| Investments to maintain operating
capacity |
|
(26,9) |
235,4 |
(8,2) |
21,6 |
| – Repayment of non-current loans* |
|
3,6 |
269,9 |
3,5 |
30,6 |
| – Non-current loans granted* |
|
(4,7) |
(1,6) |
(4,2) |
(2,8) |
| – Replacement of property, plant
and equipment and intangible assets |
|
(52,4) |
(44,3) |
(8,5) |
(15,4) |
| – Proceeds on disposal of non-current
assets held for sale |
|
24,0 |
— |
— |
— |
| – Proceeds on disposal of property,
plant and equipment, intangible assets, investments
and other capital items |
|
2,6 |
11,4 |
1,0 |
9,2 |
| Investments to increase operating
capacity |
|
(103,9) |
(1
156,7) |
(0,1) |
(479,2) |
| – Expansion of property, plant and
equipment |
|
(32,7) |
(66,8) |
(1,4) |
(15,3) |
| – Additions of intangible assets |
|
(2,0) |
(6,0) |
— |
(0,4) |
| – Equity transaction with BEE partner |
|
— |
(35,3) |
— |
— |
| – Goodwill on minor acquisitions |
|
(0,8) |
— |
— |
— |
| – Transfer investment in subsidiary
to another subsidiary |
|
— |
— |
1,5 |
— |
| – Acquisition of subsidiaries and
businesses |
E |
(68,4) |
(1
048,6) |
(0,2) |
(463,5) |
|
|
|
|
|
|
| Net cash outflow
from investing activities |
|
(130,8) |
(921,3) |
(8,3) |
(457,6) |
| CASH FLOWS FROM FINANCING
ACTIVITIES |
|
|
|
|
|
| Funds provided by equity holders
of Reunert |
|
9,1 |
16,1 |
9,1 |
16,0 |
| Long-term borrowings – raised* |
|
0,1 |
0,1 |
|
|
|
–
repaid* |
|
(6,7) |
(396,5) |
(1,1) |
(0,8) |
| Net loans (from)/to
subsidiaries |
|
|
|
(304,7) |
89,2 |
| Net cash inflow/(outflow)
from financing activities |
|
2,5 |
(380,3) |
(296,7) |
104,4 |
| NET INCREASE/(DECREASE) IN
CASH AND CASH EQUIVALENTS |
|
988,9 |
(783,3) |
(34,4) |
(197,6) |
| NET (BORROWINGS)/CASH
AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR |
|
(300,5) |
482,8 |
124,5 |
322,1 |
| NET CASH AND CASH EQUIVALENTS/(BORROWINGS)
AT THE END OF THE YEAR |
|
688,4 |
(300,5) |
90,1 |
124,5 |
| MADE UP OF: |
|
|
|
|
|
| Cash and cash equivalents |
|
1
603,1 |
794,6 |
90,1 |
124,5 |
| Bank overdrafts |
|
— |
(12,7) |
— |
— |
| Net cash resources of the group/company
excluding RCCF |
|
1
603,1 |
781,9 |
90,1 |
124,5 |
| |
|
(914,7) |
(1
082,4) |
|
|
| RCCF bank balances and cash |
|
97,6 |
82,0 |
|
|
| RCCF short-term borrowings |
|
(1
012,3) |
(1
164,4) |
|
|
|
|
|
|
|
|
| Net cash and cash
equivalents/(borrowings) (refer to note 20.) |
|
688,4 |
(300,5) |
90,1 |
124,5 |
| Net cash flows from operating activities
before dividends paid and excluding movements in RCCF
accounts receivable |
|
1
424,0 |
1 119,8 |
|
|
| Operating cash
flow per share (cents) |
|
797,8 |
629,5 |
|
|
| * In order to enhance
disclosures the following amounts relating to discounted
debtors with RCCF (refer to note 24.), which did not
entail a receipt or payment of cash and cash equivalents,
have been included. |
|
|
|
|
|
| |
|
|
|
|
|
| Decrease in respect
of short-term portion of accounts receivable (included
in working capital changes (excluding RCCF)) |
|
|
145,3 |
|
|
| Decrease in respect
of long-term portion of accounts receivable (included
in repayment of non-current loans) |
|
|
235,5 |
|
|
| Decrease
in respect of the borrowings (included in long-term
borrowings – repaid) |
|
|
(380,8) |
|
|
|
