FOR THE YEAR ENDED 30 JUNE 2013
2013 | 2012 | ||||||
Note | R’000 | R’000 | |||||
Cash retained from operating activities | 3 855 985 | 3 757 227 | |||||
Net cash generated by operations | 5 353 423 | 5 651 700 | |||||
Cash generated by operations | 24.1 | 6 083 641 | 6 083 910 | ||||
Dividend income | 24.2 | 8 421 | 27 739 | ||||
Movements in working capital | 24.3 | (738 639) | (459 949) | ||||
Interest income | 18 | 219 049 | 209 156 | ||||
Finance costs | 24.4 | (78 490) | (147 711) | ||||
Taxation paid | 24.5 | (1 064 059) | (1 432 177) | ||||
Dividends paid to shareholders of the holding company | 24.6 | (567 284) | (515 695) | ||||
Dividends paid to non-controlling shareholders | (6 654) | (8 046) | |||||
Cash utilised in investing activities | (2 131 778) | (4 413 156) | |||||
Acquisition of: | |||||||
– shares in the holding company by a subsidiary company | – | (2 692 555) | |||||
– other investments | (7 239) | (3 936) | |||||
– Groupline (refer note 2) | – | (36 103) | |||||
Additions to property, plant and equipment | |||||||
– to maintain operations | (791 552) | (788 331) | |||||
– to expand operations | (1 297 436) | (1 495 715) | |||||
Net movement in environmental rehabilitation trust funds | (9 707) | (11 660) | |||||
Increase in staff housing loans | (88 060) | (53 614) | |||||
Proceeds on disposal of | |||||||
– property, plant and equipment | 25 241 | 5 108 | |||||
– available-for-sale investments | 24.7 | 36 975 | 663 650 | ||||
Cash (utilised in)/generated by financing activities | (592 595) | 1 633 972 | |||||
Preference shares issued (refer note 11) | – | 2 310 000 | |||||
Preference shares redeemed (refer note 11) | (750 000) | (708 700) | |||||
Other financing activities | 157 405 | 32 672 | |||||
Cash resources | |||||||
– increase for the year | 1 131 612 | 978 043 | |||||
– at beginning of year | 3 242 485 | 2 264 442 | |||||
– at end of year | 4 374 097 | 3 242 485 | |||||