| |
Unaudited
Six months ended |
|
Audited
Year to |
| CASH FLOW STATEMENT |
Aug 2008
Rm |
|
Aug 2007*
Rm |
|
Feb 2008*
Rm |
| Cash flows from operating activities |
|
|
|
|
|
| Trading profit |
640.3 |
|
568.4 |
|
1 486.8 |
| Continuing operations |
690.8 |
|
592.1 |
|
1 521.6 |
| Discontinued operation |
(50.5) |
|
(23.7) |
|
(34.8) |
| Loss on sale of property, equipment and vehicles |
11.3 |
|
— |
|
4.4 |
| Depreciation and amortisation |
309.2 |
|
246.4 |
|
548.2 |
| Share options expense |
27.3 |
|
20.3 |
|
45.2 |
| Net operating lease obligations |
11.8 |
|
19.0 |
|
37.6 |
| Cash generated before movements in working capital |
999.9 |
|
854.1 |
|
2 122.2 |
| Movements in working capital: |
668.9 |
|
125.0 |
|
(526.5) |
| Increase in trade and other payables |
881.8 |
|
534.4 |
|
501.4 |
| Decrease/(increase) in inventory |
14.9 |
|
(270.6) |
|
(734.0) |
| Increase in trade and other receivables |
(227.8) |
|
(138.8) |
|
(293.9) |
| Cash generated by trading activities |
1 668.8 |
|
979.1 |
|
1 595.7 |
| Interest received |
33.6 |
|
21.5 |
|
48.9 |
| Continuing operations |
31.8 |
|
19.7 |
|
45.0 |
| Discontinued operation |
1.8 |
|
1.8 |
|
3.9 |
| Interest paid |
(55.2) |
|
(30.3) |
|
(79.2) |
| Cash generated by operations |
1 647.2 |
|
970.3 |
|
1 565.4 |
| Dividends paid |
(550.9) |
|
(477.4) |
|
(614.9) |
| Tax paid |
(273.6) |
|
(282.5) |
|
(504.7) |
| Net cash from operating activities |
822.7 |
|
210.4 |
|
445.8 |
| Cash flows from investing activities |
|
|
|
|
|
| Property, equipment and vehicle additions |
(358.8) |
|
(453.8) |
|
(698.2) |
| Intangible asset additions |
(40.4) |
|
(69.3) |
|
(163.0) |
| Proceeds on sale of assets |
76.0 |
|
50.6 |
|
50.6 |
| Loans advanced |
(3.8) |
|
(2.3) |
|
(11.9) |
| Net cash used in investing activities |
(327.0) |
|
(474.8) |
|
(822.5) |
| Cash flows from financing activities |
|
|
|
|
|
| Debt raised |
5.0 |
|
491.9 |
|
484.2 |
| Issue of shares |
— |
|
— |
|
79.9 |
| Share repurchases |
— |
|
(300.0) |
|
(299.6) |
| Proceeds from employees on settlement of share options |
19.1 |
|
12.6 |
|
45.8 |
| Net cash from financing activities |
24.1 |
|
204.5 |
|
310.3 |
| Net increase/(decrease) in cash and cash equivalents |
519.8 |
|
(59.9) |
|
(66.4) |
| Cash and cash equivalents at 1 March |
663.2 |
|
709.1 |
|
709.1 |
| Exchange rate effect on cash and cash equivalents |
(6.9) |
|
6.9 |
|
20.5 |
| Cash and cash equivalents at 31 August/29 February |
1 176.1 |
|
656.1 |
|
663.2 |
| *Restated – refer note 7. |
|
|
|
|
|
