THE FOSCHINI
GROUP LIMITED (FORMERLY FOSCHINI LIMITED)
UNAUDITED INTERIM
CONDENSED
CONSOLIDATED RESULTS
FOR THE HALF-YEAR ENDED
30 SEPTEMBER 2011
- Condensed CONSOLIDATED
STATEMENT OF FINANCIAL POSITION - CONDENSED CONSOLIDATED
INCOME STATEMENT - CONDENSED CONSOLIDATED
STATEMENT OF
COMPREHENSIVE INCOME - Condensed CONSOLIDATED
CASH FLOW STATEMENT - Condensed CONSOLIDATED
STATEMENT OF CHANGES IN EQUITY - SUPPLEMENTARY INFORMATION
- GROUP SEGMENTAL ANALYSIS
- NOTES
- COMMENTARY
CONDENSED CONSOLIDATED
CASH FLOW STATEMENT
| 6 months | 6 months | Year | |
| ended | ended | ended | |
| 30.09.2011 | 30.09.2010 | 31.03.2011 | |
| Unaudited | Unaudited | Audited | |
| Rm | Rm | Rm | |
| Cash flows from operating activities | |||
| Operating profit before working capital changes (note 11) | 1 441,2 | 1 145,7 | 2 630,3 |
| Increase in working capital | (569,3) | (17,5) | (824,1) |
| Cash generated by operations | 871,9 | 1 128,2 | 1 806,2 |
| Interest income | 7,3 | 6,7 | 16,8 |
| Finance cost | (137,1) | (122,0) | (250,1) |
| Taxation paid | (344,6) | (365,8) | (769,0) |
| Dividend income | 5,7 | 6,3 | 12,1 |
| Dividends paid | (455,8) | (366,0) | (665,9) |
| Net cash (outflows) inflows from operating activities | (52,6) | 287,4 | 150,1 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipment | (275,7) | (148,4) | (382,8) |
| Proceeds from sale of property, plant and equipment | 4,3 | 3,2 | 7,5 |
| Decrease in participation in export partnerships | 5,8 | 3,3 | 6,1 |
| Decrease in staff housing loans | 0,1 | | 0,2 |
| Net cash outflows from investing activities | (265,5) | (141,9) | (369,0) |
| Cash flows from financing activities | |||
| Proceeds on delivery of shares by share trust | 12,1 | | 134,8 |
| Shares purchased in terms of share incentive schemes | (76,6) | (297,8) | (453,8) |
| Increase (decrease) in non-controlling interest loans | 70,1 | (358,0) | (334,0) |
| Increase in RCS Group external funding | 592,0 | 319,9 | 535,9 |
| (Decrease) increase in interest-bearing debt | (149,4) | 203,3 | 390,5 |
| Net cash inflows (outflows) from financing activities | 448,2 | (132,6) | 273,4 |
| Net increase in cash during the period | 130,1 | 12,9 | 54,5 |
| Cash at the beginning of the period | 338,5 | 284,0 | 284,0 |
| Cash at the end of the period | 468,6 | 296,9 | 338,5 |