| |
|
Unaudited |
Unaudited |
Audited |
| |
|
6 months |
6 months |
for the year |
| |
|
ended |
ended |
ended |
| R’000 |
Notes |
Dec 09 |
Dec 08 |
Jun 09 |
| Cash generated by operations |
|
3 348 282 |
2 763 057 |
3 435 736 |
| |
|
|
|
|
| Operating profit |
|
1 620 456 |
1 425 794 |
2 912 692 |
| Less: investment income |
|
(12 462) |
(4 199) |
(29 279) |
| Non-cash items |
1 |
590 684 |
482 825 |
1 065 296 |
| Payments for cash settlement of |
|
|
|
|
| share options |
|
– |
(97 460) |
(484 896) |
| Payment for post-retirement medical benefits |
(200 631) |
– |
– |
| Changes in working capital |
2 |
1 350 235 |
956 097 |
(28 077) |
| |
|
|
|
|
| Net interest received |
|
30 728 |
82 434 |
127 129 |
| Dividends received |
|
28 |
229 |
7 574 |
| Dividends paid |
|
(672 102) |
(544 187) |
(902 576) |
| Tax paid |
|
(515 578) |
(406 642) |
(842 045) |
| Cash flows from operating activities |
|
2 191 358 |
1 894 891 |
1 825 818 |
| Cash flows utilised by investing activities |
(1 472 951) |
(1 019 288) |
(1 737 303) |
| Purchase of property, plant and |
|
|
|
|
| equipment and intangible assets |
|
(1 269 398) |
(1 039 336) |
(1 820 256) |
| Proceeds on disposal of assets held for |
|
|
|
|
| sale, property, plant and equipment |
|
|
|
|
| and intangible assets |
|
24 139 |
45 386 |
81 141 |
| Acquisition of operations |
|
(190 000) |
– |
– |
| Other investment activities |
|
(37 692) |
(25 338) |
1 812 |
| |
|
|
|
| Cash flows (utilised by)/from financing activities |
(238 965) |
999 |
(333 108) |
| |
|
|
|
|
| Acquisition of treasury shares |
|
(244 439) |
– |
(383 445) |
| Proceeds on disposal of treasury shares |
|
– |
– |
42 510 |
| Other financing activities |
|
5 474 |
999 |
7 827 |
 |
|
|
|
|
|
| Net movement in cash and cash equivalents |
479 442 |
876 602 |
(244 593) |
| Cash and cash equivalents at the |
|
|
|
|
| beginning of the year |
|
2 811 465 |
3 135 850 |
3 135 850 |
| Cash and cash equivalents with |
|
|
|
|
| acquisition of operations |
|
(66 204) |
– |
– |
| Effect of exchange rate movements |
|
|
|
|
| on cash and cash equivalents |
|
(82 812) |
53 706 |
(79 792) |
| Cash and cash equivalents at the |
|
|
|
|
| end of the year |
|
3 141 891 |
4 066 158 |
2 811 465 |
CASH FLOW INFORMATION |
|
|
|
|
| 1. |
Non-cash items |
|
|
|
|
| |
Depreciation of property, plant |
|
|
|
|
| |
and equipment |
|
396 086 |
356 684 |
741 710 |
| |
Amortisation of intangible assets |
|
21 212 |
35 334 |
54 743 |
| |
Net fair value losses on financial instruments |
58 017 |
7 500 |
7 919 |
| |
Exchange rate losses/(gains) |
|
33 596 |
(26 319) |
(3 005) |
| |
Profit on disposals of assets held for sale |
– |
(3 744) |
(3 425) |
| |
Loss on disposals and scrappings of plant, |
|
|
|
| |
equipment and intangible assets |
|
7 766 |
647 |
23 915 |
| |
Impairment of property, plant and |
|
|
|
|
| |
equipment and assets held for sale |
|
– |
– |
7 106 |
| |
Profit on other investing activities |
|
– |
(337) |
– |
| |
Impairment of goodwill |
|
– |
– |
3 608 |
| |
Movement in provisions |
|
(7 950) |
49 687 |
117 591 |
| |
Movement in cash-settled share-based |
|
|
|
| |
payment accrual |
|
82 331 |
88 758 |
139 965 |
| |
Insurance claims received |
|
(5 627) |
– |
– |
| |
Movement in fixed escalation operating |
|
|
|
| |
lease accrual |
|
5 253 |
(25 385) |
(24 831) |
| |
|
|
590 684 |
482 825 |
1 065 296 |
| 2. |
Changes in working capital |
|
|
|
|
| |
Inventories |
|
(865 109) |
(1 736 324) |
(1 464 435) |
| |
Trade and other receivables |
|
(415 528) |
(401 561) |
(89 157) |
| |
Trade and other payables |
|
2 630 872 |
3 093 982 |
1 525 515 |
| |
|
|
1 350 235 |
956 097 |
(28 077) |
