 |
|
|
|
 CONSOLIDATED
CASH FLOW STATEMENT |
|||
| FOR THE YEAR ENDED 30 JUNE 2004 | |||
| R million | Notes |
2004 |
2003 |
| Cash flow from operating activities | |||
| Dividends received | 341 |
112 |
|
| Interest received | 98 |
231 |
|
| Interest paid | * |
(52) |
|
| Dividend paid | (123) |
– |
|
| Taxation paid | (55) |
(41) |
|
| Administration fees and donations paid to | |||
| M&I Management Services (Pty) Ltd | (50) |
(45) |
|
| Other expenses | (76) |
(77) |
|
| Net cash inflow from operating activities | 135 |
128 |
|
| Cash flow from investing activities | |||
| Additions to investments | (172) |
(515) |
|
| Proceeds from disposal of investments | 324 |
943 |
|
| Acquisition of subsidiaries | 1 709 |
– |
|
| Disposal of business | – |
(11) |
|
| Repurchase of shares | (1 015) |
(228) |
|
| Loans repaid by/(advanced to) associated companies | (9) |
119 |
|
| Other loans repaid/(advanced) | (16) |
118 |
|
| Net cash inflow from investing activities | 821 |
426 |
|
| Net increase in cash and cash equivalents | 956 |
554 |
|
| Cash and cash equivalents at the beginning of the year | 1 414 |
860 |
|
| Cash and cash equivalents at the end of the year | 2 370 |
1 414 |
|
|
|
|
|
| Cash and cash equivalents – balance sheet | 2 389 |
1 414 |
|
| Bank overdraft | (19) |
– |
|
| * Amount smaller than R500 000 | |||
| The presentation of the cash flow has been changed from the indirect method to the direct method. Therefore the comparative figures have been reclassified. | |||