Company cash flow statement
for the year ended 30 September 2007
|
|
|
2007 |
|
2006 |
| |
Notes |
|
Rm |
|
Rm |
| Cash flows from operating activities |
|
|
|
|
|
| Cash received from customers |
|
|
(21) |
|
(61) |
| Cash paid to suppliers and employees |
|
|
(10) |
|
19 |
| Cash utilised in operations |
A |
|
(31) |
|
(42) |
| Interest paid |
|
|
(311) |
|
(78) |
| Taxation paid |
B |
|
(7) |
|
(6) |
| Preference dividends paid |
|
|
(30) |
|
(12) |
| Reductions of capital paid |
|
|
(514) |
|
(491) |
| Net cash from operating activities |
|
|
(893) |
|
(629) |
| Cash flows from investing activities |
|
|
|
|
|
| Increase in investments and loans |
|
|
(1 157) |
|
(4 260) |
| Proceeds from disposal of investments |
|
|
5 |
|
45 |
| Interest received |
|
|
398 |
|
143 |
| Dividends received |
|
|
181 |
|
1 512 |
| Share buybacks |
|
|
|
|
(945) |
| Net cash from investing activities |
|
|
(573) |
|
(3 505) |
| Cash flows from financing activities |
|
|
|
|
|
| Proceeds from issue of ordinary shares |
|
|
669 |
|
1 678 |
| Proceeds from issue of preference shares |
|
|
|
|
644 |
| Repurchase of shares |
|
|
|
|
(134) |
| Long-term liabilities raised |
|
|
1 708 |
|
862 |
| Short-term liabilities (repaid)/raised |
|
|
(1 009) |
|
1 192 |
| Net cash from financing activities |
|
|
1 368 |
|
4 242 |
| Net increase in cash and cash equivalents |
|
|
(98) |
|
108 |
| Cash and cash equivalents at beginning of year |
|
|
109 |
|
1 |
| Cash and cash equivalents at end of year |
C |
|
11 |
|
109 |
Notes to the company cash flow statement
for the year ended 30 September 2007
|
|
2007 |
|
2006 |
| |
|
Rm |
|
Rm |
| A. |
Cash utilised in operations |
|
|
|
| |
Operating loss |
(375) |
|
(37) |
| |
Adjustments for: |
|
|
|
| |
Fair value adjustments on investments |
|
|
(16) |
| |
Profit on disposal of investments |
|
|
(6) |
| |
Impairment of investments |
614 |
|
6 |
| |
Reversal of impairment of investments |
(239) |
|
|
| |
Share-based payment |
|
|
58 |
| |
Cash generated from operations before working capital changes |
|
|
5 |
| |
Increase in accounts receivable |
(21) |
|
(61) |
|
(Decrease)/increase in accounts payable |
(10) |
|
14 |
| |
|
(31) |
|
(42) |
| B. |
Taxation paid |
|
|
|
| |
Amounts payable at beginning of year |
1 |
|
1 |
| |
Charge per the income statement (excluding deferred taxation) |
14 |
|
6 |
| |
STC payment |
2 |
|
|
|
Amounts payable at end of year |
(10) |
|
(1) |
| |
|
7 |
|
6 |
| C. |
Cash and cash equivalents |
|
|
|
| |
Cash on hand and balances with banks |
11 |
|
109 |
|
