| |
 |
|
|
| Cash flow statement |
Reviewed
Year to
Feb 2011
Rm |
|
Audited
Year to
Feb 2010*
Rm |
| Cash flows from operating activities |
|
|
|
| Trading profit |
1 417.7 |
|
1 638.7 |
| Depreciation and amortisation |
733.3 |
|
632.6 |
| Share options expense |
73.8 |
|
65.2 |
| Net operating lease obligations |
29.3 |
|
36.5 |
| Cash generated before movements in working capital |
2 254.1 |
|
2 373.0 |
| Movements in working capital: |
(844.8) |
|
(58.1) |
| (Decrease) / increase in trade and other payables |
(678.1) |
|
245.2 |
| Increase in inventory |
(349.1) |
|
(129.9) |
| Decrease / (increase) in trade and other receivables |
182.4 |
|
(173.4) |
 |
|
|
|
| Cash generated by trading activities |
1 409.3 |
|
2 314.9 |
| Interest received |
39.5 |
|
68.7 |
| Interest paid |
(111.0) |
|
(86.3) |
| Cash generated by operations |
1 337.8 |
|
2 297.3 |
| Dividends paid |
(808.0) |
|
(814.6) |
| Tax paid |
(526.3) |
|
(457.5) |
| Total net cash from operating activities - continuing operations |
3.5 |
|
1 025.2 |
| Net cash from / (utilised in) operating activities - discontinued operations |
13.9 |
|
(62.9) |
| Total net cash from operating activities |
17.4 |
|
962.3 |
| Cash flows from investing activities |
|
|
|
| Intangible asset additions |
(82.5) |
|
(49.9) |
| Property, equipment and vehicle additions |
(1 163.2) |
|
(969.5) |
| Proceeds on sale of property, equipment and vehicles |
21.9 |
|
209.4 |
| Loans repaid |
34.5 |
|
3.9 |
| Net cash utilised in investing activities - continuing operations |
(1 189.3) |
|
(806.1) |
| Net cash utilised in investing activities - discontinued operations |
(151.4) |
|
(117.2) |
| Total net cash utilised in investing activities |
(1 340.7) |
|
(923.3) |
| Cash flows from financing activities |
|
|
|
| Debt raised |
867.5 |
|
1.0 |
| Share repurchases |
(90.2) |
|
(80.1) |
| Proceeds from employees on settlement of share options |
25.1 |
|
36.4 |
| Total net cash from / (utilised in) financing activities - continuing operations |
802.4 |
|
(42.7) |
| Total net cash from / (utilised in) financing activities - discontinued operations |
10.0 |
|
(9.9) |
| Total net cash from / (utilised in) financing activities |
812.4 |
|
(52.6) |
| Net decrease in cash and cash equivalents |
(510.9) |
|
(13.6) |
| Cash and cash equivalents at 1 March |
1 055.3 |
|
1 072.8 |
| Effect of exchange rate fluctuations on cash and cash equivalents |
(76.2) |
|
(3.9) |
| Cash and cash equivalents at 28 February |
468.2 |
|
1 055.3 |
|
|
|
|
| Continuing operations |
352.6 |
|
|
| Discontinued operations |
115.6 |
|
|
| |
|
|
|
