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Condensed cash flow statements
EBITDA		1 513,2		1 375,5	1 306,6	1 681,4	1 436,5	1 393,1	997,3	830,5	764,1	582,7
Changes in working capital		47,7		318,3	757,4	(327,7)	(739,7)	(628,4)	(601,0)	804,5	(59,3)	(366,0)
Cash generated from operations		1 560,9		1 693,8	2 064,0	1 353,7	696,8	764,7	396,3	1 635,0	704,8	216,7
Net interest and dividends received		40,9		59,2	38,4	126,5	157,3	63,7	89,2	46,5	(6,6)	121,9
Taxation paid		(438,8)		(407,9)	(477,5)	(410,8)	(568,6)	(347,4)	(364,9)	(313,5)	(178,7)	(209,0)
Dividends paid		(498,5)		(456,8)	(550,3)	(569,0)	(879,3)	(464,2)	(308,3)	(268,1)	(258,4)	(201,0)
Share buy back		(1 127,9)		(125,7)	–	–	–	–	–	(476,6)	–	–
Other (net)		(1,6)		26,3	42,6	17,9	23,7	(4,3)	29,3	(5,8)	(2,8)	12,5
Net cash flows from operating activities		(465,0)		788,9	1 117,2	518,3	(570,1)	12,5	(158,4)	617,5	258,3	(58,9)
Net cash flows from investing activities		484,7		(313,3)	(130,8)	(921,3)	1 008,6	(185,7)	(48,5)	(250,1)	(102,8)	(466,3)
Net cash flows from financing activities		(641,0)		21,9	2,5	(380,3)	274,5	27,0	156,1	18,7	(17,5)	2,2
Net cash (utilised)/generated		(621,3)		497,5	988,9	(783,3)	713,0	(146,2)	(50,8)	386,1	138,0	(523,0)

1	All intergroup transactions between Reunert and Quince are now fully eliminated and disclosures related to Quince have been condensed into the appropriate lines on the balance sheet. Comparative information in all financial years has been restated accordingly.
2	In December 2003, R1 255,5 million was received on the sale of the Quince debtors book.
3	In years prior to 2008 inventory items were shown net of advance payments received from customers. These advance payments are now disclosed in current liabilities.