|
|
consolidated cash flow statement
| |
2008 |
2007 |
| |
Rm |
Rm |
| Cash flows from operating activities |
|
|
| Operating profit before working capital changes (note 9) |
1 074,2 |
1 187,9 |
| Increase in working capital |
(568,3) |
(218,1) |
| Cash generated by operations |
505,9 |
969,8 |
| Increase in private label card receivables |
(241,6) |
(346,6) |
| Decrease (increase) in loan receivables |
150,3 |
(49,0) |
| Interest received |
1 056,4 |
877,4 |
| Interest paid |
(120,1) |
(104,7) |
| Taxation paid |
(735,1) |
(718,2) |
| Dividends received |
17,2 |
22,8 |
| Dividends paid |
(677,4) |
(552,2) |
| Net cash (outflows) inflows from operating activities |
(44,4) |
99,3 |
| Cash flows from investing activities |
|
|
| Purchase of property, plant and equipment |
(274,4) |
(304,4) |
| Proceeds from sale of property, plant and equipment |
6,4 |
4,0 |
| Acquisition of client list |
(1,8) |
(2,8) |
| Investment in associate |
(6,1) |
– |
| Decrease in participation in export partnerships |
10,6 |
6,0 |
| Decrease in staff housing loans |
1,6 |
1,2 |
| Proceeds on dilution of interest in subsidiary |
211,5 |
183,3 |
| Net cash outflows from investing activities |
(52,2) |
(112,7) |
| Cash flows from financing activities |
|
|
| Shares purchased by share trust and subsidiary |
(760,4) |
(288,4) |
| Proceeds on delivery of shares by share trust |
109,5 |
92,9 |
| Increase in interest-bearing debt |
741,8 |
215,5 |
| Net cash inflows from financing activities |
90,9 |
20,0 |
| Net (decrease) increase in cash and cash equivalents during the year |
(5,7) |
6,6 |
| Cash and cash equivalents at the beginning of the year |
69,1 |
62,5 |
| Cash and cash equivalents at the end of the year |
63,4 |
69,1 |
|
