CASH FLOW STATEMENT |
Reviewed
Year to
Feb/2008
Rm |
Audited
Year to
Feb 2007
Rm |
| Cash flows from operating activities |
|
|
| Trading profit |
1 486.8 |
1 271.4 |
| Loss on sale of property, equipment and vehicles |
4.4 |
17.0 |
| Depreciation and amortisation |
548.2 |
426.4 |
| Share options expense |
45.2 |
29.2 |
| Net operating lease obligations |
37.6 |
28.8 |
| Increase in trade and other payables |
501.3 |
868.1 |
| Increase in inventory |
( 733.9) |
( 383.2) |
| Increase in trade and other receivables |
( 293.9) |
( 189.1) |
| Cash generated by trading activities |
1 595.7 |
2 068.6 |
| Interest received |
48.9 |
41.6 |
| Interest paid |
( 79.2) |
( 49.3) |
| Cash generated by operations |
1 565.4 |
2 060.9 |
| Dividends paid |
( 614.9) |
( 523.8) |
| Tax paid |
( 504.7) |
( 449.9) |
| Net cash from operating activities |
445.8 |
1 087.2 |
| Cash flows from investing activities |
|
|
| Property, equipment and vehicle additions |
( 698.2) |
(1 047.0) |
| Intangible asset additions |
( 163.0) |
( 79.8) |
| Acquisition of stores |
- |
( 2.2) |
| Proceeds on sale of stores |
50.6 |
29.2 |
| Proceeds on sale of investments |
- |
9.1 |
| Loans advanced |
( 11.9) |
( 12.1) |
| Net cash used in investing activities |
( 822.5) |
(1 102.8) |
| Cash flows from financing activities |
|
|
| Debt raised / (repaid) (note 6) |
484.2 |
( 38.9) |
| Issue of shares (note 8) |
79.9 |
- |
| Share repurchases |
( 299.6) |
( 221.2) |
| Proceeds from employees on settlement of share options |
45.8 |
43.4 |
| Net cash used in financing activities |
310.3 |
( 216.7) |
| Net decrease in cash and cash equivalents |
( 66.4) |
( 232.3) |
| Cash and cash equivalents at 1 March |
709.1 |
944.6 |
| Exchange rate effect on cash and cash equivalents |
20.5 |
( 3.2) |
| Cash and cash equivalents at 29 February |
663.2 |
709.1 |
