Cash flow statement |
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| Reviewed Year to Feb 2010 Rm |
Audited Year to Feb 2009* Rm |
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| Cash flows from operating activities | ||||||||
| Trading profit | 1 653.1 | 1 695.6 | ||||||
| Loss on sale of equipment and vehicles | 5.6 | 13.7 | ||||||
| Depreciation and amortisation | 735.3 | 615.8 | ||||||
| Share options expense | 65.2 | 59.1 | ||||||
| Actuarial loss in equity | (47.7) | (9.0) | ||||||
| Net operating lease obligations | 36.5 | 33.4 | ||||||
| Cash generated before movements in working capital | 2 448.0 | 2 408.6 | ||||||
| Movements in working capital: | 0.7 | 221.0 | ||||||
| Increase in trade and other payables | 316.2 | 1 157.8 | ||||||
| Increase in inventory | (148.9) | (415.2) | ||||||
| Increase in trade and other receivables | (166.6) | (521.6) | ||||||
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| Cash generated by trading activities | 2 448.7 | 2 629.6 | ||||||
| Interest received | 75.9 | 71.9 | ||||||
| Interest paid | (91.6) | (107.5) | ||||||
| Cash generated by operations | 2 433.0 | 2 594.0 | ||||||
| Dividends paid | (814.6) | (717.8) | ||||||
| Tax paid | (456.6) | (567.7) | ||||||
| Net cash from operating activities – continuing operations | 1 161.8 | 1 308.5 | ||||||
| Net cash used in operating activities – discontinued operation | (212.7) | (56.1) | ||||||
| Total net cash from operating activities | 949.1 | 1 252.4 | ||||||
| Cash flows from investing activities | ||||||||
| Intangible asset additions | (51.5) | (66.1) | ||||||
| Property, equipment and vehicle additions | (1 142.0) | (936.4) | ||||||
| Proceeds on sale of property, equipment and vehicles | 209.4 | 99.8 | ||||||
| Loans repaid / (advanced) | 3.9 | (7.9) | ||||||
| Net cash used in investing activities – continuing operations | (980.2) | (910.6) | ||||||
| Net cash from investing activities – discontinued operation | 56.8 | 68.9 | ||||||
| Total net cash used in investing activities | (923.4) | (841.7) | ||||||
| Cash flows from financing activities | ||||||||
| Debt repaid | (6.9) | (1.3) | ||||||
| Share repurchases | (80.1) | (21.6) | ||||||
| Proceeds from employees on settlement of share options | 36.4 | 31.3 | ||||||
| Net cash (used in)/from financing activities – continuing operations | (50.6) | 8.4 | ||||||
| Net (decrease)/increase in cash and cash equivalents | (24.9) | 419.1 | ||||||
| Cash and cash equivalents at 1 March | 1 072.8 | 663.2 | ||||||
| Effect of exchange rate fluctuations on cash and cash equivalents | 7.4 | (9.5) | ||||||
| Cash and cash equivalents at 28 February | 1 055.3 | 1 072.8 | ||||||
| *Restated – refer note 3 |
