Consolidated statement of cash flows
for the period ended
| 364 days to 2 March 2014 Rm |
368 days to 3 March 2013 Rm |
||
| Cash flows from operating activities | |||
| Trading profit | 1 008.1 | 850.5 | |
| Amortisation | 199.3 | 145.8 | |
| Depreciation | 749.1 | 749.7 | |
| Share options expense | 71.5 | 91.3 | |
| Movement in net operating lease liabilities | 90.8 | 74.8 | |
| Movement in provisions | (0.9) | (9.6) | |
| Fair value adjustments | (10.6) | (2.6) | |
| Cash generated before movements in working capital | 2 107.3 | 1 899.9 | |
| Movements in working capital | 784.3 | (998.0) | |
| Movements in trade and other payables | 1 229.7 | (138.3) | |
| Movements in inventory | 31.6 | (626.0) | |
| Movements in trade and other receivables | (477.0) | (233.7) | |
| Cash generated by trading activities | 2 891.6 | 901.9 | |
| Interest received | 44.3 | 42.8 | |
| Interest paid | (143.9) | (131.3) | |
| Cash generated by operations | 2 792.0 | 813.4 | |
| Dividends paid | (397.2) | (583.5) | |
| Tax paid | (270.2) | (311.6) | |
| Cash generated by/(utilised in) operating activities | 2 124.6 | (81.7) | |
| Cash flows from investing activities | |||
| Investment in intangible assets | (289.2) | (242.4) | |
| Investment in property, plant and equipment | (882.4) | (970.1) | |
| Purchase of operations | (103.3) | (118.3) | |
| Proceeds on disposal of intangible assets | 11.1 | 9.4 | |
| Proceeds on disposal of plant, property and equipment | 38.2 | 222.1 | |
| Loans repaid/(advanced) | 6.9 | (17.7) | |
| Cash utilised in investing activities | (1 218.7) | (1 117.0) | |
| Cash flows from financing activities | |||
| Borrowings raised/(repaid) | 280.9 | (260.5) | |
| Share repurchases | (45.7) | (77.9) | |
| Proceeds from employees on settlement of share options | 1.3 | 2.9 | |
| Cash generated by/(utilised in) financing activities | 236.5 | (335.5) | |
| Net increase/(decrease) in cash and cash equivalents | 1 142.4 | (1 534.2) | |
| Cash and cash equivalents at beginning of period | (269.9) | 1 271.7 | |
| Effect of exchange rate fluctuations on cash and cash equivalents | (2.2) | (7.4) | |
| Cash and cash equivalents at end of period | 870.3 | (269.9) | |
| Consisting of : | |||
| Cash and cash equivalents | 1 540.3 | 1 255.7 | |
| Bank overdraft and overnight borrowings | (670.0) | (1 525.6) | |