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