Condensed Group Statement of Cash Flows

R’000 Notes  Reviewed 
53 weeks 
ended 
June 10 		 Audited 
52 weeks 
ended 
June 09 
Cash generated by operations   3 930 369  3 435 736 
Operating profit   3 387 037  2 912 692 
Less: investment income   (32 662) (29 279)
Non-cash items 1  1 387 610  1 065 296 
Cash settled share options   –  (484 896)
Payments for settlement of post-retirement medical benefits liability   (216 860) – 
Changes in working capital 2  (594 756) (28 077)
Net interest received   35 202  127 129 
Dividends received   9 511  7 574 
Dividends paid   (1 082 293) (902 576)
Income tax paid   (1 383 047) (842 045)
Cash flows from operating activities   1 509 742  1 825 818 
Cash flows utilised by investing activities   (2 680 113) (1 737 303)
Purchase of property, plant and equipment and intangible assets   (2 509 369) (1 820 256)
Proceeds on disposal of property, plant and equipment and intangible assets   99 445  68 010 
Proceeds on disposal of assets held for sale   1 011  13 131 
Acquisition of Transfarm Group   (255 894) – 
Other investment activities   (15 306) 1 812 
       
Cash flows utilised by financing activities   (237 928) (333 108)
       
Acquisition of treasury shares   (244 439) (383 445)
Proceeds on disposal of treasury shares   –  42 510 
Increase in borrowings   9 726  7 827 
Other financing activities   (3 215) – 
       
Net movement in cash and cash equivalents   (1 408 299) (244 593)
Cash and cash equivalents at the beginning of the year   2 811 465  3 135 850 
Effect of exchange rate movements on cash and cash equivalents   (58 579) (79 792)
Cash and cash equivalents at the end of the year   1 344 587  2 811 465 

 

Cash Flow Information

    Reviewed 
53 weeks 
ended 
June 10 		 Audited 
52 weeks 
ended 
June 09 
1. Non-cash items    
  Depreciation on property, plant and equipment 848 270  741 710 
  Amortisation of intangible assets 47 849  54 743 
  Net fair value losses on financial instruments 27 899  7 919 
  Exchange rate losses/(gains) 77 824  (3 005)
  Profit on disposal of property (340) – 
  Profit on disposal of assets held for sale (163) (3 425)
  Loss on disposal and scrapping of plant and equipment, intangible assets and assets held for
     sale		 14 536  23 915 
  Impairment of property, plant and equipment, assets held for sale and intangible assets 14 632  7 106 
  Impairment of goodwill –  3 608 
  Movement in provisions 59 317  117 591 
  Movement in cash-settled share-based payment accrual 277 558  139 965 
  Movement in fixed escalation operating lease accrual 20 228  (24 831)
    1 387 610  1 065 296 
2. Changes in working capital    
  Inventories (46 064) (1 464 435)
  Trade and other receivables (125 470) (89 157)
  Trade and other payables (423 222) 1 525 515 
    (594 756) (28 077)