|
|
consolidated cash flow statement
| |
Sept 2008 |
Sept 2007 |
Mar 2008 |
| |
Unaudited |
Unaudited |
Audited |
| |
Rm |
Rm |
Rm |
| Cash flows from operating activities |
|
|
|
| Operating profit before working capital |
|
|
|
| changes (note 8) |
353,2 |
468,1 |
1 074,2 |
| Decrease (increase) in working capital |
94,8 |
(3,1) |
(568,3) |
| Cash generated by operations |
448,0 |
465,0 |
505,9 |
| Increase in private label card receivables |
(123,4) |
(124,7) |
(241,6) |
| (Increase) decrease in loan receivables |
(121,7) |
67,0 |
150,3 |
| Interest received |
602,6 |
512,6 |
1 056,4 |
| Interest paid |
(109,2) |
(58,4) |
(120,1) |
| Taxation paid |
(253,3) |
(475,9) |
(735,1) |
| Dividends received |
3,9 |
8,2 |
17,2 |
| Dividends paid |
(347,8) |
(437,0) |
(677,4) |
| Net cash inflows (outflows) from operating activities |
99,1 |
(43,2) |
(44,4) |
| Cash flows from investing activities |
|
|
|
| Purchase of property, plant and equipment |
(177,9) |
(146,4) |
(274,4) |
| Proceeds from sale of property, plant and equipment |
2,4 |
2,7 |
6,4 |
| Acquisition of client list |
(0,2) |
(2,8) |
(1,8) |
| Investment in associate |
– |
– |
(6,1) |
| Dividend from associate |
0,8 |
– |
– |
| Acquisition of Massdiscounters’ receivables book |
(175,0) |
– |
– |
| Decrease in participation in export partnerships |
3,6 |
3,2 |
10,6 |
| Decrease in staff housing loans |
0,1 |
1,4 |
1,6 |
| Proceeds on dilution of interest in subsidiary |
– |
211,5 |
211,5 |
| Net cash (outflows) inflows from investing activities |
(346,2) |
69,6 |
(52,2) |
| Cash flows from financing activities |
|
|
|
| Shares purchased by share trust and subsidiary |
– |
(760,4) |
(760,4) |
| Proceeds on delivery of shares by share trust |
0,6 |
72,1 |
109,5 |
| Increase in interest-bearing debt |
251,8 |
664,9 |
741,8 |
| Net cash inflows (outflows) from financing activities |
252,4 |
(23,4) |
90,9 |
| Net increase (decrease) in cash and cash equivalents during the period |
5,3 |
3,0 |
(5,7) |
| Cash and cash equivalents at the beginning of the period |
63,4 |
69,1 |
69,1 |
| Cash and cash equivalents at the end of the period |
68,7 |
72,1 |
63,4 |
|
