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Consolidated statement of cash flow
for the year ended 30 June 2012

      2012  2011   
  Note   R’000  R’000   
Cash retained from operating activities     3 757 227  3 485 883   
Net cash generated by operations     5 651 700  5 159 643   
Cash generated by operations 25.1   6 083 910  5 320 285   
Dividend income 25.2   27 739  37 637   
Movements in working capital 25.3   (459 949) (198 279)  
           
Interest income     209 156  133 373   
Finance costs 25.4   (147 711) (64 641)  
Taxation paid 25.5   (1 432 177) (1 202 110)  
Dividends paid to shareholders of the holding company 25.6   (515 695) (526 229)  
Dividends paid to non-controlling shareholders     (8 046) (14 153)  
           
Cash utilised in investing activities     (4 413 156) (2 226 637)  
Acquisition of:          
– shares in the holding company by a subsidiary company 11   (2 692 555) –   
available-for-sale investments     –  (42 062)  
– other investments     (3 936) –   
– Groupline (refer note 4)     (36 103) –   
Additions to property, plant and equipment          
– to maintain operations     (788 331) (759 807)  
– to expand operations     (1 495 715) (1 441 574)  
Net movement in environmental rehabilitation trust funds     (11 660) (12 365)  
Increase in staff housing loans     (53 614) (21 145)  
Proceeds on disposal of          
– property, plant and equipment     5 108  7 838   
available-for-sale investments 25.7   663 650  –   
– fixed term investments     –  42 478   
Cash generated by/(utilised in) financing activities     1 633 972  (844 786)  
Preference shares issued     2 310 000  –   
Preference shares redeemed     (708 700) (894 555)  
Other financing activities     32 672  49 769   
Cash resources          
– increase for the year     978 043  414 460   
– at beginning of year     2 264 442  1 849 982   
– at end of year     3 242 485  2 264 442