Cash flow statement |
|
|
|
|
|
|
|
| |
Unaudited
Six months ended |
|
Audited
Year to |
|
| |
Aug 2009
Rm |
|
|
Aug 2008*
Rm |
|
Feb 2009
Rm |
|
| Cash flows from operating activities |
|
|
|
|
|
|
|
| Trading profit |
734.5 |
|
|
690.8 |
|
1 686.6 |
|
| Loss on sale of equipment and vehicles |
3.0 |
|
|
6.4 |
|
13.7 |
|
| Depreciation and amortisation |
351.9 |
|
|
291.4 |
|
615.8 |
|
| Share options expense |
30.3 |
|
|
27.3 |
|
59.1 |
|
| Net operating lease obligations |
16.8 |
|
|
15.3 |
|
33.4 |
|
| Cash generated before movements in working capital |
1 136.5 |
|
|
1 031.2 |
|
2 408.6 |
|
| Movements in working capital: |
495.5 |
|
|
603.3 |
|
221.0 |
|
| Increase in trade and other payables |
10.3 |
|
|
898.3 |
|
1 157.8 |
|
| Decrease / (increase) in inventory |
250.1 |
|
|
(84.4) |
|
(415.2) |
|
| Decrease / (increase) in trade and other receivables |
235.1 |
|
|
(210.6) |
|
(521.6) |
|
 |
|
|
|
|
|
|
|
| Cash generated by trading activities |
1 632.0 |
|
|
1 634.5 |
|
2 629.6 |
|
| Interest received |
46.5 |
|
|
31.8 |
|
71.9 |
|
| Interest paid |
(44.1) |
|
|
(55.2) |
|
(107.5) |
|
| Cash generated by operations |
1 634.4 |
|
|
1 611.1 |
|
2 594.0 |
|
| Dividends paid |
(628.7) |
|
|
(550.9) |
|
(717.8) |
|
| Tax paid |
(162.4) |
|
|
(273.6) |
|
(567.7) |
|
| Net cash from operating activities – continuing operations |
843.3 |
|
|
786.6 |
|
1 308.5 |
|
| Net cash (used in) / from operating activities – discontinued operation |
(118.0) |
|
|
36.1 |
|
(56.1) |
|
| Net cash from operating activities |
725.3 |
|
|
822.7 |
|
1 252.4 |
|
| Cash flows from investing activities |
|
|
|
|
|
|
|
| Intangible asset additions |
(22.9) |
|
|
(40.4) |
|
(66.1) |
|
| Property, equipment and vehicle additions |
(434.4) |
|
|
(358.8) |
|
(936.4) |
|
| Proceeds on sale of property, equipment and vehicles |
214.9 |
|
|
16.6 |
|
99.8 |
|
| Loans advanced |
(3.2) |
|
|
(3.8) |
|
(7.9) |
|
| Net cash used in investing activities – continuing operations |
(245.6) |
|
|
(386.4) |
|
(910.6) |
|
| Net cash from investing activities – discontinued operation |
37.2 |
|
|
59.4 |
|
68.9 |
|
| Net cash used in investing activities |
(208.4) |
|
|
(327.0) |
|
(841.7) |
|
| Cash flows from financing activities |
|
|
|
|
|
|
|
| Debt raised / (repaid) |
7.3 |
|
|
5.0 |
|
(1.3) |
|
| Share repurchases |
(31.9) |
|
|
— |
|
(21.6) |
|
| Proceeds from employees on settlement of share options |
22.9 |
|
|
19.1 |
|
31.3 |
|
| Net cash (used in) / from financing activities |
(1.7) |
|
|
24.1 |
|
8.4 |
|
| Net increase in cash and cash equivalents |
515.2 |
|
|
519.8 |
|
419.1 |
|
| Cash and cash equivalents at 1 March |
1 072.8 |
|
|
663.2 |
|
663.2 |
|
| Effect of exchange rate fluctuations on cash and cash equivalents |
4.3 |
|
|
(6.9) |
|
(9.5) |
|
| Cash and cash equivalents at 31 August / 28 February |
1 592.3 |
|
|
1 176.1 |
|
1 072.8 |
|
| *Restated – refer note 1 |
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