| |
Unaudited
Six months ended |
|
Audited
Year to |
| |
Aug 2010
Rm |
|
Aug 2009*
Rm |
|
Feb 2010*
Rm |
| Cash flows from operating activities |
|
|
|
|
|
| Trading profit |
720.3 |
|
723.3 |
|
1 638.7 |
| Depreciation and amortisation |
353.7 |
|
300.6 |
|
632.6 |
| Share options expense |
31.3 |
|
30.3 |
|
65.2 |
| Net operating lease obligations |
14.0 |
|
16.8 |
|
36.5 |
| Cash generated before movements in working capital |
1 119.3 |
|
1 071.0 |
|
2 373.0 |
| Movements in working capital: |
(76.1) |
|
421.8 |
|
(56.7) |
| (Decrease) / increase in trade and other payables |
(155.0) |
|
9.4 |
|
283.9 |
| (Increase) / decrease in inventory |
(109.5) |
|
182.2 |
|
(163.8) |
| Decrease / (increase) in trade and other receivables |
188.4 |
|
230.2 |
|
(176.8) |
 |
|
|
|
|
|
| Cash generated by trading activities |
1 043.2 |
|
1 492.8 |
|
2 316.3 |
| Interest received |
21.9 |
|
42.9 |
|
68.7 |
| Interest paid |
(60.1) |
|
(41.0) |
|
(86.3) |
| Cash generated by operations |
1 005.0 |
|
1 494.7 |
|
2 298.7 |
| Dividends paid |
(633.5) |
|
(628.7) |
|
(814.6) |
| Tax paid |
(230.9) |
|
(162.4) |
|
(457.5) |
Net cash from operating activities –
continuing operations |
140.6 |
|
703.6 |
|
1 026.6 |
Net cash from / (utilised in) operating activities –
discontinued operations |
45.3 |
|
21.7 |
|
(78.4) |
| Total net cash from operating activities |
185.9 |
|
725.3 |
|
948.2 |
| Cash flows from investing activities |
|
|
|
|
|
| Intangible asset additions |
(52.5) |
|
(22.2) |
|
(49.9) |
| Property, equipment and vehicle additions |
(521.2) |
|
(360.7) |
|
(969.6) |
| Proceeds on sale of property, equipment and vehicles |
– |
|
214.9 |
|
209.4 |
| Loans repaid / (advanced) |
14.9 |
|
(3.2) |
|
3.9 |
Net cash utilised in investing activities –
continuing operations |
(558.8) |
|
(171.2) |
|
(806.2) |
Net cash utilised in investing activities –
discontinued operations |
(78.0) |
|
(37.2) |
|
(117.2) |
| Total net cash utilised in investing activities |
(636.8) |
|
(208.4) |
|
(923.4) |
| Cash flows from financing activities |
|
|
|
|
|
| Debt (repaid) / raised |
(13.0) |
|
6.3 |
|
1.2 |
| Share repurchases |
(68.3) |
|
(31.9) |
|
(80.1) |
| Proceeds from employees on settlement of share options |
36.4 |
|
22.9 |
|
36.4 |
Total net cash utlised in financing activities –
continuing operations
|
(44.9) |
|
(2.7) |
|
(42.5) |
Net cash from / (utilised in) financing activities –
discontinued operations |
10.0 |
|
1.0 |
|
(8.1) |
| Total net cash utilised in financing activities |
(34.9) |
|
(1.7) |
|
(50.6) |
| Net (decrease)/increase in cash and cash equivalents |
(485.8) |
|
515.2 |
|
(25.8) |
| Cash and cash equivalents at 1 March |
1 055.3 |
|
1 072.8 |
|
1 072.8 |
| Effect of exchange rate fluctuations on cash and cash equivalents |
(10.4) |
|
4.3 |
|
8.3 |
| Cash and cash equivalents at 31 August / 28 February |
559.1 |
|
1 592.3 |
|
1 055.3 |
| Continuing operations |
344.6 |
|
|
|
|
| Discontinued operation |
214.5 |
|
|
|
|
|
|
|
|
|
|
