Notes to the company financial statements |
for the year ended 30 June 2008 |
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2008 |
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2007 |
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R’000 |
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R’000 |
11. |
NOTES TO THE CASH FLOW STATEMENTS |
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11.1 |
Cash utilised in operations |
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Profit before taxation |
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237 320 |
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164 030 |
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Adjusted for: |
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(268 563) |
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(165 130) |
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Dividends received |
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(248 506) |
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(120 351) |
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Interest received |
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(1 307) |
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(1 764) |
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Profit on disposal of available-for-sale investments |
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(22 350) |
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(43 025) |
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Finance costs |
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3 600 |
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10 |
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(31 243) |
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(1 100) |
11.2 |
Investment income |
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Credited to the income statement |
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248 506 |
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120 351 |
11.3 |
Movements in working capital |
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Increase in trade and other receivables |
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(134) |
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Decrease/(increase) in amounts owing by group companies |
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34 765 |
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(14 714) |
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Increase/(decrease) in trade and other payables |
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28 244 |
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(12) |
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62 875 |
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(14 726) |
11.4 |
Taxation paid |
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Unpaid at beginning of year |
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(6 741) |
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(16 854) |
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Charged to the income statements |
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(3 494) |
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(6 760) |
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Unpaid at end of year |
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3 117 |
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6 741 |
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(7 118) |
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(16 873) |
11.5 |
Dividends paid |
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Unpaid at beginning of year |
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(107) |
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(100) |
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Declared during the year |
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(126 000) |
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(84 000) |
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Unpaid at end of year |
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68 |
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107 |
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(126 039) |
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(83 993) |
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