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Group Cash Flow Statement for the years ended 31 March

Foschini Limited and its subsidiaries

        2007     2006   
    Note   Rm     Rm   
Cash flows from operating activities              
Operating profit before working capital changes   32.1   1 191,5     1 072,5   
Increase in working capital   32.2   (218,1)   (524,3)  
Cash generated by operations       973,4     548,2   
Increase in private label card receivables       (346,6)   (188,4)  
Increase in loan receivables       (49,0)   (158,6)  
Interest received       873,8     644,1   
Interest paid       (104,7)   (79,1)  
Taxation paid   32.3   (718,2)   (464,2)  
Dividends received       22,8     13,4   
Dividends paid   32.4   (552,2)   (412,7)  
Net cash inflows (outflows) from operating activities       99,3     (97,3)  
Cash flows from investing activities              
Purchase of property, plant and equipment       (304,4)   (313,5)  
Proceeds from sale of property, plant and equipment       4,0     5,4   
Acquisition of client list       (2,8)   (0,9)  
Decrease in participation in export partnerships       6,0     94,2   
Decrease in loans       1,2     2,5   
Proceeds on dilution of interest in subsidiary   32.5   183,3     263,8   
Net cash (outflows) inflows from investing activities       (112,7)   51,5   
Cash flows from financing activities              
Shares purchased by share trust       (288,4)   (256,9)  
Proceeds on delivery of shares by share trust       92,9     80,1   
Increase in interest-bearing debt       217,6     243,6   
(Decrease) increase in short-term loans       (2,1)   5,3   
Net cash inflows from financing activities       20,0     72,1   
Net increase in cash and cash equivalents during the year       6,6     26,3   
Cash and cash equivalents at the beginning of the year       62,5     36,2   
Cash and cash equivalents at the end of the year       69,1     62,5   

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