| C
A S H F L O W
S T A T E M E N T S |
|
| FOR
THE YEAR ENDED 30 SEPTEMBER |
|
|
|
 |
|
|
|
|
|
| |
|
|
|
| |
|
2002
|
2001
|
2002
|
2001
|
| |
Notes
|
Rm
|
Rm
|
Rm
|
Rm
|
|
| CASH
FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
| Operating
profit before |
|
|
|
|
|
| working
capital changes |
A |
572,2 |
414,1 |
226,0 |
205,9 |
| (Increase)/reduction
in net working capital |
|
(366,0) |
(44,5) |
67,5 |
(23,0) |
| |
|
|
|
|
|
| Reduction
in RC&C Finance Company |
|
|
|
|
|
| accounts
receivable |
|
(208,8) |
6,5 |
|
|
| Working
capital changes |
B |
(157,2) |
(51,0) |
67,5 |
(23,0) |
|
| Cash
generated from operations |
|
206,2 |
369,6 |
293,5 |
182,9 |
| Interest
received |
|
55,8 |
64,5 |
14,0 |
14,3 |
| Interest
paid |
|
(22,7) |
(13,1) |
(13,7) |
(1,7) |
| Dividends
received |
|
111,8 |
78,6 |
151,1 |
144,8 |
| Taxation
paid |
C |
(209,0) |
(133,0) |
(94,8) |
(39,1) |
| Dividends
paid |
|
|
|
|
|
| (including
outside shareholders) |
D |
(201,0) |
(169,0) |
(198,1) |
(163,2) |
|
| Net
cash inflow from |
|
|
|
|
|
| operating
activities |
|
(58,9) |
197,6 |
152,0 |
138,0 |
|
| CASH
FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Investments
to maintain |
|
|
|
|
|
| operating
capacity |
|
1,9 |
(9,8) |
285,8 |
60,1 |
| |
|
|
|
|
|
| –
Repayment of non-current loans |
|
14,0 |
7,3 |
13,9 |
5,0 |
| –
Non-current loans granted |
|
- |
(0,9) |
- |
(3,0) |
| –
Replacement of fixed assets |
|
(15,9) |
(20,4) |
(6,9) |
(10,1) |
| –
Proceeds on disposal of fixed assets, |
|
|
|
|
|
| investments
and other capital items |
|
3,8 |
4,2 |
0,3 |
0,3 |
| –
Net loans from/(to) subsidiaries |
|
|
|
278,5 |
67,9 |
| |
|
|
|
|
|
| Investments
to increase |
|
|
|
|
|
| operating
capacity |
|
(468,2) |
(75,9) |
(429,9) |
(184,9) |
| |
|
|
|
|
|
| –
Expansion capital expenditure |
|
(26,1) |
(32,4) |
(3,7) |
(14,2) |
| –
Increase in investments |
|
(2,9) |
(2,8) |
– |
– |
| –
Proceeds on disposal of |
|
|
|
|
|
| subsidiaries
and businesses |
E |
0,8 |
– |
0,8 |
– |
| –
Acquisition of subsidiaries |
|
|
|
|
|
| and
businesses |
F |
(440,0) |
(40,7) |
(427,0) |
(170,7) |
|
| Net
cash (outflow)/inflow from |
|
|
|
|
|
| investing
activities |
|
(466,3) |
(85,7) |
(144,1) |
(124,8) |
|
| |
|
GROUP
|
COMPANY
|
| |
|
2002
|
2001
|
2002
|
2001
|
| |
|
Rm
|
Rm
|
Rm
|
Rm
|
|
| CASH
FLOWS FROM FINANCING ACTIVITIES |
|
|
| Funds
provided by shareholders |
|
|
|
|
|
| –
Ordinary shareholders in Reunert |
|
2,8 |
0,4 |
2,8 |
0,4 |
| –
Reunert shares purchased |
|
|
|
|
|
| by
a subsidiary |
|
– |
(217,9) |
|
|
|
Loan advanced by outside shareholder |
|
2,1 |
– |
– |
– |
|
Long-term liabilities – repaid |
|
(2,7) |
(1,5) |
– |
– |
|
| Net
cash (outflow)/inflow from |
|
|
|
|
|
| financing
activities |
|
2,2 |
(219,0) |
2,8 |
0,4 |
|
| NET
(DECREASE)/INCREASE IN CASH |
|
|
|
|
|
| AND
CASH EQUIVALENTS |
|
(523,0) |
(107,1) |
10,7 |
13,6 |
| CASH
AND CASH EQUIVALENTS |
|
|
|
|
|
| AT
BEGINNING OF YEAR |
|
34,3 |
72,8 |
69,4 |
55,8 |
|
| CASH
AND CASH EQUIVALENTS |
|
|
|
|
|
| AT
END OF YEAR* |
|
(557,3) |
(34,3) |
80,1 |
69,4 |
|
| Net
cash flows from operating activities |
|
372,1 |
360,1 |
|
|
| Operating
cash flow per share (cents) |
|
199,0 |
187,9 |
|
|
|
*
Cash and cash equivalents are made up of:
|
|
|
|
| Cash
and cash equivalents |
|
283,5 |
303,5 |
80,1 |
69,4 |
| Short-term
loans and bank overdrafts |
|
(2,8) |
(13,8) |
– |
– |
|
| Net
cash resources of the group/company |
|
|
|
|
|
| excluding
RC&C Finance Company |
|
280,7 |
289,7 |
80,1 |
69,4 |
| RC&C
Finance Company short-term |
|
|
|
|
|
| borrowings |
|
(838,0) |
(324,0) |
|
|
|
| Net
(borrowings)/cash and |
|
|
|
|
|
| cash
equivalents of the group/company |
|
(557,3) |
34,3 |
80,1 |
69,4 |
|
