| FOR THE YEAR ENDED 30 JUNE 2005 |
| |
|
|
|
| |
|
|
|
| R million |
Notes |
2005 |
2004 |
|
|
|
|
| Cash flow – operating activities |
|
|
|
| Net operating profit before taxation |
|
1 151 |
446 |
| Adjustments |
18.1 |
(1 230) |
(616) |
| Operating loss before working capital changes |
|
(79) |
(170) |
| Working capital changes |
18.2 |
(415) |
44 |
| Cash utilised in operations |
|
(494) |
(126) |
| Net interest received |
|
102 |
98 |
| Dividends received |
18.3 |
534 |
341 |
| Dividends paid |
|
(146) |
(123) |
| Taxation paid |
18.4 |
(13) |
(55) |
| Net cash inflow/(outflow) from operating activities |
|
(17) |
135 |
| |
|
|
|
| Cash flow – investment activities |
|
(126) |
821 |
 |
|
|
|
| Additions to investments |
|
(1 778) |
(172) |
| Additions to fixed assets |
|
(6) |
– |
| Proceeds on disposal of investments |
|
1 890 |
324 |
| Proceeds on disposal of fixed assets |
|
4 |
– |
| Acquisition of subsidiaries |
18.5 |
– |
1 709 |
| Disposal of subsidiary |
18.6 |
(32) |
– |
| Loans repaid by/(advanced to) associated companies |
|
71 |
(9) |
| Other loans advanced |
|
(31) |
(16) |
| Repurchase of shares |
|
(244) |
(1 015) |
|
|
|
|
| Net increase/(decrease) in cash and cash equivalents |
|
(143) |
956 |
| Cash and cash equivalents at the beginning of the year |
|
2 370 |
1 414 |
| Cash and cash equivalents at the end of the year |
|
2 227 |
2 370 |
| |
|
|
|
| Cash and cash equivalents – balance sheet |
|
2 227 |
2 389 |
| Bank overdraft |
|
– |
(19) |
Consolidated
cash flow statement