| |
|
Reviewed
Year to
Feb 2012
Rm |
|
|
Audited
Year to
Feb 2011
Rm |
| Cash flows from operating activities |
|
|
|
|
|
| Trading profit |
|
1 267.5 |
|
|
1 417.7 |
| Loss on sale of property, equipment and vehicles |
|
7.6 |
|
|
— |
| Depreciation and amortisation |
|
808.1 |
|
|
733.3 |
| Share options expense |
|
95.7 |
|
|
73.8 |
| Net operating lease obligations |
|
52.6 |
|
|
29.3 |
| Cash generated before movements in working capital |
|
2 231.5 |
|
|
2 254.1 |
| Movements in working capital |
|
490.3 |
|
|
(844.8) |
| Increase/(decrease) in trade and other payables |
|
1 030.4 |
|
|
(678.1) |
| Increase in inventory |
|
(172.2) |
|
|
(349.1) |
| (Increase)/decrease in trade and other receivables |
|
(367.9) |
|
|
182.4 |
 |
|
|
|
|
|
| Cash generated by trading activities |
|
2 721.8 |
|
|
1 409.3 |
| Interest received |
|
39.5 |
|
|
39.5 |
| Interest paid |
|
(135.1) |
|
|
(111.0) |
| Cash generated by operations |
|
2 626.2 |
|
|
1 337.8 |
| Dividends paid |
|
(605.4) |
|
|
(808.0) |
| Tax paid |
|
(462.0) |
|
|
(526.3) |
| Total net cash from operating activities – continuing operations |
|
1 558.8 |
|
|
3.5 |
| Net cash (utilised in)/ from operating activities – discontinued operation |
|
(330.4) |
|
|
13.9 |
| Total net cash from operating activities |
|
1 228.4 |
|
|
17.4 |
| Cash flows from investing activities |
|
|
|
|
|
| Intangible asset additions |
|
(271.7) |
|
|
(82.5) |
| Property, equipment and vehicle additions |
|
(1 339.3) |
|
|
(1 163.2) |
| Proceeds on sale of property, equipment and vehicles |
|
44.5 |
|
|
21.9 |
| Purchase of operations |
|
(106.4) |
|
|
— |
| Increase in investment in associate (note 5) |
|
(102.5) |
|
|
— |
| Loans repaid |
|
9.4 |
|
|
34.5 |
| Net cash utilised in investing activities – continuing operations |
|
(1 766.0) |
|
|
(1 189.3) |
| Net cash from/(utilised in) investing activities – discontinued operation (note 6) |
|
1 459.6 |
|
|
(151.4) |
| Total net cash utilised in investing activities |
|
(306.4) |
|
|
(1 340.7) |
| Cash flows from financing activities |
|
|
|
|
|
| Debt raised/(repaid) |
|
787.5 |
|
|
(32.5) |
| Share repurchases |
|
(42.7) |
|
|
(90.2) |
| Proceeds from employees on settlement of share options |
|
31.1 |
|
|
25.1 |
| Total net cash from/(utilised in) financing activities – continuing operations |
|
775.9 |
|
|
(97.6) |
| Total net cash from financing activities – discontinued operation |
|
— |
|
|
10.0 |
| Total net cash from/(utilised in) financing activities |
|
775.9 |
|
|
(87.6) |
| Net increase/(decrease) in cash and cash equivalents |
|
1 697.9 |
|
|
(1 410.9) |
| Cash and cash equivalents at 1 March |
|
(431.8) |
|
|
1 055.3 |
| Effect of exchange rate fluctuations on cash and cash equivalents |
|
5.6 |
|
|
(76.2) |
| Cash and cash equivalents at 29 February |
|
1 271.7 |
|
|
(431.8) |
| Continuing operations |
|
1 271.7 |
|
|
(547.4) |
| Discontinued operation |
|
— |
|
|
115.6 |
|
|
|
|
|
|
