COMPANY STATEMENT OF CASH FLOW
FOR THE YEAR ENDED 30 JUNE 2010
2010 |
2009 |
|||||
|---|---|---|---|---|---|---|
| Note | R’000 |
R’000 |
||||
| Cash retained from operating activities | 13 767 |
1 416 928 |
||||
| Cash generated by operating activities | 490 048 |
2 171 608 |
||||
| Cash utilised in operations | 12.1 | (11 235) |
(6 491) |
|||
| Investment income | 12.2 | 517 919 |
2 171 396 |
|||
| Movements in working capital | 12.3 | (16 636) |
6 703 |
|||
| Interest income | 66 695 |
73 073 |
||||
| Finance costs | (106 201) |
(250 782) |
||||
| Taxation paid | 12.4 | (21 601) |
(21 281) |
|||
| Dividends paid | 12.5 | (415 174) |
(555 690) |
|||
| Cash utilised in investing activities | (1 507 895) |
(95 143) |
||||
| Investment in group companies | (1 512 206) |
– |
||||
| Redemption of shares by group companies | 25 000 |
– |
||||
| Acquisition of available-for-sale investments | (20 690) |
(117 813) |
||||
| Proceeds on disposal of available-for-sale investments | – |
22 670 |
||||
| Cash generated by/(utilised by) financing activities | 1 056 895 |
(389 129) |
||||
| Shares issued during the year | 233 743 |
– |
||||
| Acquisition of own shares | – |
(248 729) |
||||
| Short-term finance raised | – |
2 200 000 |
||||
| Short-term finance repaid | (500 000) |
(752 000) |
||||
| Movement in group company balances | 1 323 152 |
(1 588 400) |
||||
| Cash resources | ||||||
| – (decrease)/increase for the year | (437 234) |
932 656 |
||||
| – at beginning of year | 932 727 |
71 |
||||
| – at end of year | 495 493 |
932 727 |
||||
