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Unaudited Interim Group Results
for the six months ended 31 August 2006
Unaudited Interim Group Results for the six months ended 31 August 2006  
- CASHFLOW STATEMENT  
 
Review of Operations
Income Statement
Balance Sheet
Cashflow Statement
Changes in Equity
Segmental Report
PIKWIK
Dividends Declarations
Notes
 
 
CASHFLOW STATEMENT

Audited
Six Months Ended Year to
Aug 2006 Aug 2005 Feb 2006
Rm Rm Rm
Trading profit  456.2  370.5 1 044.9
Profit on sale of investment ( 7.8)                    -                      -  
Loss on sale of property, equipment and vehicles  4.7  6.8  2.5
Depreciation and amortisation  187.0  175.9  325.4
Share options expense  14.3  8.1  22.4
Net operating lease obligations  20.5  24.0  47.8
Increase in trade and other payables  655.1  380.5  377.9
Increase in inventory ( 172.4) ( 102.1) ( 125.6)
Increase in trade and other receivables ( 122.3) ( 62.6) ( 85.2)
Cash generated by trading activities 1 035.3  801.1 1 610.1
Interest received  19.8  34.5  56.7
Cash generated by operations 1 055.1  835.6 1 666.8
Interest paid ( 27.1) ( 21.8) ( 37.6)
Dividends received                    -                      -                    0.2
Dividends paid ( 403.9) ( 347.1) ( 452.0)
Tax paid ( 398.6) ( 318.1) ( 565.5)
Cash flows from operating activities  225.5  148.6  611.9
Property, equipment and vehicles additions ( 417.5) ( 386.0) ( 829.3)
Proceeds on sale of property, equipment and vehicles  28.8  41.8  49.6
Intangible asset additions ( 26.8)                    -   ( 90.0)
Acquisition of stores ( 2.2)                    -   ( 5.2)
Proceeds on sale of investment  8.7                    -                      -  
Loans repaid / (advanced)  12.8  1.1 ( 0.9)
Cash flows from investing activities ( 396.2) ( 343.1) ( 875.8)
Debt (repaid) / raised  ( 34.8)  49.9  4.3
Share repurchases ( 221.1) ( 90.6) ( 132.0)
Take-up of share options from share trust  20.2  10.3  25.2
Cash flows from financing activities ( 235.7) ( 30.4) ( 102.5)
Net decrease in cash and cash equivalents ( 406.4) ( 224.9) ( 366.4)
Cash and cash equivalents at 1 March  944.6 1 329.0 1 329.0
Exchange rate effect on cash and cash equivalents                  2.7 ( 3.9) ( 18.0)
Cash and cash equivalents at 31 August / 28 February  540.9 1 100.2  944.6


 
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