| |
|
|
2011 |
2010 |
| |
|
|
R’000 |
R‘000 |
12. |
Notes to the statement of cash flow |
|
|
| |
12.1 |
Cash generated by/(utilised in) operations |
|
|
| |
|
Profit before taxation |
1 130 605 |
1 006 797 |
| |
|
Adjusted for: |
|
|
| |
|
|
(1 112 448) |
(1 018 131) |
| |
|
– Dividends received |
(1 128 849) |
(517 919) |
| |
|
– Interest received |
(27 436) |
(66 695) |
| |
|
– Discount on redemption of preference shares |
(12 500) |
– |
| |
|
– Impairment of loan made to wholly owned subsidiary |
– |
(539 718) |
| |
|
– Finance costs |
56 337 |
106 201 |
| |
|
|
|
|
| |
|
|
18 157 |
(11 235) |
| |
12.2 |
Investment income |
|
|
| |
|
Received during the year |
1 128 849 |
517 919 |
| |
12.3 |
Movements in working capital |
|
|
| |
|
Increase in other receivables |
(14 598) |
(2 750) |
| |
|
Increase in amounts owing by group companies |
11 076 |
3 333 |
| |
|
Increase/(decrease) in other payables |
13 571 |
(17 219) |
| |
|
|
10 049 |
(16 636) |
| |
12.4 |
Taxation paid |
|
|
| |
|
Unpaid at beginning of year |
(7 361) |
(4 952) |
| |
|
Charged to the income statement |
(34 694) |
(24 010) |
| |
|
Unpaid at end of year |
1 564 |
7 361 |
| |
|
|
(40 491) |
(21 601) |
| |
12.5 |
Dividends paid |
|
|
| |
|
Unpaid at beginning of year |
(245) |
(95) |
| |
|
Declared during the year |
(614 271) |
(415 324) |
| |
|
Unpaid at end of year |
571 |
245 |
| |
|
|
(613 945) |
(415 174) |
| |
|
|
|
|