| GROUP CASH FLOW INFORMATION |
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|
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|
| Year ended 30 September |
|
|
|
| |
2004 |
|
2003 |
| |
R million |
|
R million |
| |
(Reviewed) |
|
(Audited) |
| EBITDA |
811,9 |
|
712,3 |
| Decrease/(increase) in net working capital |
804,5 |
|
(59,3) |
| Decrease/(increase) in RC&C Finance Company accounts receivable* |
691,5 |
|
(269,8) |
| Decrease in other working capital |
113,0 |
|
210,5 |
| Cash generated from operations |
1 616,4 |
|
653,0 |
| Net interest and dividends received |
65,1 |
|
45,2 |
| Taxation paid |
(313,5) |
|
(178,7) |
| Dividends paid (Including outside shareholders) |
(268,1) |
|
(258,4) |
| Net cash inflow from operating activities |
1 099,9 |
|
261,1 |
| Net asset additions |
(15,0) |
|
(40,3) |
| Acquisition of subsidiaries, businesses and other investments |
(239,4) |
|
(61,3) |
| Share buy back – capital portion |
(247,2) |
|
– |
| – dividend portion |
(229,4) |
|
– |
| Other (net) |
17,2 |
|
(21,5) |
| Net increase in cash and cash equivalents |
386,1 |
|
138,0 |
| Net borrowings at the beginning of the
year |
(419,3) |
|
(557,3) |
| Net borrowings at the end of the year |
(33,2) |
|
(419,3) |
| Cash resources of the group |
|
|
|
| Cash and cash equivalents (net) (note 9) |
280,9 |
|
481,4 |
| |
|
|
|
| Borrowings of the group |
|
|
|
| RC&C Finance Company short-term borrowings
(note 9) |
(314,1) |
|
(900,7) |
| Net borrowings at the end of the year |
(33,2) |
|
(419,3) |
| |
|
|
|
| * In December 2003 R1 255,5 million was received
on the sale of the RC&C Finance Company debtors book. |