| Cash flow statement |
Reviewed
Year to
Feb 2009
Rm |
|
Audited
Year to
Feb 2008*
Rm |
| Cash flows from operating activities |
|
|
|
| Trading profit |
1 686.6 |
|
1 517.3 |
| Loss on sale of equipment and vehicles |
13.7 |
|
4.4 |
| Depreciation and amortisation |
615.8 |
|
481.9 |
| Share options expense |
59.1 |
|
45.2 |
| Net operating lease obligations |
33.4 |
|
31.5 |
| Cash generated before movements in working capital |
2 408.6 |
|
2 080.3 |
| Movements in working capital |
221.0 |
|
(489.9) |
| Increase in trade and other payables |
1 157.8 |
|
487.2 |
| Increase in inventory |
(415.2) |
|
(704.9) |
| Increase in trade and other receivables |
(521.6) |
|
(272.2) |
 |
|
|
|
| Cash generated by trading activities |
2 629.6 |
|
1 590.4 |
| Interest received |
71.9 |
|
45.0 |
| Interest paid |
(107.5) |
|
(79.2) |
| Cash generated by operations |
2 594.0 |
|
1 556.2 |
| Dividends paid |
(717.8) |
|
(614.9) |
| Tax paid |
(567.7) |
|
(504.0) |
| Net cash from operating activities - continuing operations |
1 308.5 |
|
437.3 |
| Net cash (used in) / from operating activities - discontinued operation |
(56.1) |
|
8.5 |
| Total net cash from operating activities |
1 252.4 |
|
445.8 |
| Cash flows from investing activities |
|
|
|
| Intangible asset additions |
(66.1) |
|
(157.4) |
| Property additions |
(52.3) |
|
(107.5) |
| Proceeds on disposal of property |
78.0 |
|
50.6 |
| Equipment and vehicles additions |
(884.1) |
|
(587.0) |
| Proceeds on disposal of equipment and vehicles |
21.8 |
|
- |
| Loans advanced |
(7.9) |
|
(11.9) |
| Net cash used in investing activities - continuing operations |
(910.6) |
|
(813.2) |
| Net cash from / (used in) investing activities - discontinued operation |
68.9 |
|
(9.3) |
| Total net cash used in investing activities |
(841.7) |
|
(822.5) |
| Cash flows from financing activities |
|
|
|
| Debt (repaid) / raised |
(1.3) |
|
484.2 |
| Issue of shares |
- |
|
79.9 |
| Share repurchases |
(21.6) |
|
(299.6) |
| Proceeds from employees on settlement of share options |
31.3 |
|
45.8 |
| Net cash from financing activities - continuing operations |
8.4 |
|
310.3 |
| Net increase / (decrease) in cash and cash equivalents |
419.1 |
|
(66.4) |
| Cash and cash equivalents at 1 March |
663.2 |
|
709.1 |
| Exchange rate effect on cash and cash equivalents |
(9.5) |
|
20.5 |
| Cash and cash equivalents at 28 February |
1 072.8 |
|
663.2 |
|
* Restated - refer notes 4, 5 and 6 |
|
|
|
