| C
A S H F L O W
S T A T E M E N T S |
|
| FOR
THE YEAR ENDED 30 SEPTEMBER |
|
|
|
 |
|
|
|
|
|
| |
|
|
|
| |
|
2001
|
2000
|
2001
|
2000
|
| |
Notes
|
Rm
|
Rm
|
Rm
|
Rm
|
|
| CASH
FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
| Operating
profit before |
|
|
|
|
|
| working
capital changes |
A |
425,0 |
312,9 |
206,7 |
151,5 |
| (Increase)/reduction
in net working capital |
|
(55,4) |
164,5 |
(23,8) |
129,1 |
| |
|
|
|
|
|
| Reduction
in RC&C Finance Company |
|
|
|
|
|
| accounts
receivable |
|
6,5 |
121,5 |
|
|
| Working
capital changes |
B |
(61,9) |
43,0 |
(23,8) |
129,1 |
|
| Cash
generated from operations |
|
369,6 |
477,4 |
182,9 |
280,6 |
| Interest
received |
|
64,5 |
77,0 |
14,3 |
28,7 |
| Interest
paid |
|
(13,1) |
(33,4) |
(1,7) |
(7,0) |
| Dividends
received |
|
78,6 |
62,8 |
144,8 |
246,9 |
| Taxation
paid |
C |
(133,0) |
(96,0) |
(39,1) |
(39,3) |
| Dividends
paid |
|
|
|
|
|
| (including
outside shareholders) |
D |
(169,0) |
(127,4) |
(163,2) |
(122,4) |
|
| Net
cash inflow from |
|
|
|
|
|
| operating
activities |
|
197,6 |
360,4 |
138,0 |
387,5 |
|
| CASH
FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Investments
to maintain |
|
|
|
|
|
| operating
capacity |
|
(9,8) |
(33,2) |
60,1 |
(189,2) |
| |
|
|
|
|
|
|
Repayment of non-current loans |
|
7,3 |
1,5 |
5,0 |
30,8 |
|
Non-current loans granted |
|
(0,9) |
(25,1) |
(3,0) |
(23,6) |
|
Replacement of fixed assets |
|
(20,4) |
(12,0) |
(10,1) |
(5,8) |
|
Proceeds on disposal of fixed assets, |
|
|
|
|
|
| investments
and other capital items |
|
4,2 |
2,4 |
0,3 |
1,8 |
|
Net loans from/(to) subsidiaries |
|
|
|
67,9 |
(192,4) |
| |
|
|
|
|
|
| Investments
to increase |
|
|
|
|
|
| operating
capacity |
|
(75,9) |
83,0 |
(184,9) |
(76,6) |
| |
|
|
|
|
|
|
Expansion capital expenditure |
|
(32,4) |
(10,3) |
(14,2) |
(4,7) |
|
Increase in investments |
|
(2,8) |
(7,4) |
|
(19,1) |
|
Proceeds on disposal of |
|
|
|
|
|
| subsidiaries
and businesses |
E |
|
154,5 |
|
29,0 |
|
Acquisition of subsidiaries |
|
|
|
|
|
| and
businesses |
F |
(40,7) |
(53,8) |
(170,7) |
(81,8) |
|
| Net
cash (outflow)/inflow from |
|
|
|
|
|
| investing
activities |
|
(85,7) |
49,8 |
(124,8) |
(265,8) |
|
| |
|
GROUP
|
COMPANY
|
| |
|
2001
|
2000
|
2001
|
2000
|
| |
|
Rm
|
Rm
|
Rm
|
Rm
|
|
| CASH
FLOWS FROM FINANCING ACTIVITIES |
|
|
| Funds
provided by shareholders |
|
|
|
|
|
|
Ordinary shareholders in Reunert |
|
0,4 |
27,4 |
0,4 |
27,4 |
|
Reunert shares purchased |
|
|
|
|
|
| by
a subsidiary |
|
(217,9) |
(16,7) |
|
|
| Long-term
liabilities raised |
|
|
0,7 |
|
|
|
repaid |
|
(1,5) |
(26,0) |
|
|
| Special
dividend and related taxation |
|
|
(568,2) |
|
(568,2) |
|
| Net
cash (outflow)/inflow from |
|
|
|
|
|
| financing
activities |
|
(219,0) |
(582,8) |
0,4 |
(540,8) |
|
| NET
(DECREASE)/INCREASE IN CASH |
|
|
|
|
|
| AND
CASH EQUIVALENTS |
|
(107,1) |
(172,6) |
13,6 |
(419,1) |
| CASH
AND CASH EQUIVALENTS |
|
|
|
|
|
| AT
BEGINNING OF YEAR |
|
72,8 |
245,4 |
55,8 |
474,9 |
|
| CASH
AND CASH EQUIVALENTS |
|
|
|
|
|
| AT
END OF YEAR* |
|
(34,3) |
72,8 |
69,4 |
55,8 |
|
| Net
cash flows from operating activities |
|
197,6 |
360,4 |
|
|
| Operating
cash flow per share (cents) |
|
103,1 |
176,9 |
|
|
|
*
Cash and cash equivalents are made up of:
|
|
|
|
| Cash
and cash equivalents |
|
303,5 |
222,8 |
69,4 |
55,8 |
| Short-term
loans and bank overdrafts |
|
(13,8) |
(2,8) |
|
|
|
| Net
cash resources of the group/company |
|
|
|
|
|
| excluding
RC&C Finance Company |
|
289,7 |
220,0 |
69,4 |
55,8 |
| RC&C
Finance Company short-term |
|
|
|
|
|
| borrowings |
|
(324,0) |
(147,2) |
|
|
|
| Net
(borrowings)/cash and |
|
|
|
|
|
| cash
equivalents of the group/company |
|
(34,3) |
72,8 |
69,4 |
55,8 |
|
