| |
|
|
|
|
|
|
|
|
| |
|
Unaudited |
|
|
Audited |
| |
|
Six months ended |
|
|
Year to |
| |
|
Aug 2012 |
|
|
Aug 2011 |
|
|
Feb 2012 |
| |
|
Rm |
|
|
Rm |
|
|
Rm |
| Cash flows from operating activities |
|
|
|
|
|
|
|
|
| Trading profit |
|
288.0 |
|
|
492.2 |
|
|
1 267.5 |
| Depreciation and amortisation |
|
439.7 |
|
|
392.2 |
|
|
808.1 |
| (Profit)/loss on sale of property, equipment and vehicles and intangible assets |
|
( 12.3) |
|
|
3.9 |
|
|
7.6 |
| Share options expense |
|
43.9 |
|
|
42.6 |
|
|
95.7 |
| Net operating lease liabilities |
|
39.6 |
|
|
27.0 |
|
|
52.7 |
| Cash generated before movements in working capital |
|
798.9 |
|
|
957.9 |
|
|
2 231.6 |
| Movements in working capital |
|
138.6 |
|
|
1 034.8 |
|
|
490.3 |
| Increase in trade and other payables |
|
824.7 |
|
|
1 234.7 |
|
|
1 030.4 |
| Increase in inventory |
|
(639.9) |
|
|
(11.2) |
|
|
(172.2) |
| Increase in trade and other receivables |
|
(46.2) |
|
|
(188.7) |
|
|
(367.9) |
|
|
|
|
|
|
|
|
|
| Cash generated by trading activities |
|
937.5 |
|
|
1 992.7 |
|
|
2 721.9 |
| Interest received |
|
27.1 |
|
|
13.5 |
|
|
39.5 |
| Interest paid |
|
(65.6) |
|
|
(71.8) |
|
|
(135.1) |
| Cash generated by operations |
|
899.0 |
|
|
1 934.4 |
|
|
2 626.3 |
| Dividends paid |
|
(513.4) |
|
|
(498.0) |
|
|
(605.4) |
| Tax paid |
|
(84.8) |
|
|
(180.6) |
|
|
(462.1) |
| Net cash generated by operating activities – continuing operations |
|
300.8 |
|
|
1 255.8 |
|
|
1 558.8 |
| Net cash utilised in operating activities – discontinued operation |
|
— |
|
|
(65.8) |
|
|
(330.4) |
| Total net cash from operating activities |
|
300.8 |
|
|
1190.0 |
|
|
1228.4 |
| Cash flows from investing activities |
|
|
|
|
|
|
|
|
| Investment in property, equipment and vehicles and intangible assets |
|
(579.0) |
|
|
(668.3) |
|
|
(1 611.0) |
| Intangible asset additions |
|
(123.0) |
|
|
(117.3) |
|
|
(271.7) |
| Property additions |
|
(80.0) |
|
|
(117.4) |
|
|
(446.8) |
| Equipment and vehicle additions |
|
(376.0) |
|
|
(433.6) |
|
|
(892.5) |
| Increase in investment in associate |
|
— |
|
|
— |
|
|
(102.5) |
| Purchase of operations |
|
(94.4) |
|
|
(58.7) |
|
|
(106.4) |
| Proceeds on disposal of property, equipment and vehicles and intangible assets |
|
192.2 |
|
|
27.4 |
|
|
44.5 |
| Loans (advanced to)/repaid by employees |
|
(4.3) |
|
|
10.4 |
|
|
9.4 |
| Net cash utilised in investing activities – continuing operations |
|
(485.5) |
|
|
(689.2) |
|
|
(1 766.0) |
| Net cash (utilised in)/generated by investing activities –
discontinued operation |
|
— |
|
|
(17.9) |
|
|
1459.6 |
| Total net cash utilised in investing activities |
|
(485.5) |
|
|
(707.1) |
|
|
(306.4) |
| Cash flows from financing activities |
|
|
|
|
|
|
|
|
| Debt (repaid)/raised |
|
(5.3) |
|
|
405.1 |
|
|
787.5 |
| Share repurchases |
|
(30.5) |
|
|
(25.5) |
|
|
(42.7) |
| Net proceeds from employees on settlement of share options |
|
1.7 |
|
|
30.7 |
|
|
31.1 |
| Net cash (utilised in)/generated by financing activities – continuing operations |
|
(34.1) |
|
|
410.3 |
|
|
775.9 |
| Net cash generated by financing activities – discontinued operation |
|
— |
|
|
12.4 |
|
|
— |
| Total net cash (utilised in)/generated by financing activities |
|
(34.1) |
|
|
422.7 |
|
|
775.9 |
| Net (decrease)/increase in cash and cash equivalents |
|
(218.8) |
|
|
905.6 |
|
|
1 697.9 |
| Cash and cash equivalents at 1 March |
|
1 271.7 |
|
|
(431.8) |
|
|
(431.8) |
| Effect of exchange rate fluctuations on cash and cash equivalents |
|
(8.1) |
|
|
(81.5) |
|
|
5.6 |
| Cash and cash equivalents at 31 August / 29 February |
|
1 044.8 |
|
|
392.3 |
|
|
1 271.7 |
| Continuing operations |
|
1 044.8 |
|
|
360.7 |
|
|
1 271.7 |
| Discontinued operation |
|
— |
|
|
31.6 |
|
|
— |
|
|
|
|
|
|
|
|
|
