Cash flow statement
for the year ended 28 February 2007
| GROUP | |||
| 2007 | 2006 | ||
| Notes | R millions | R millions | |
| CASH FLOWS FROM OPERATING ACTIVITIES | 10 | 819 | |
| Cash generated by operations | 35 | 799 | 1 412 |
| Interest received | 114 | 93 | |
| Dividends received | 36 | 55 | — |
| Interest paid | (38) | (54) | |
| Taxation paid | 37 | (531) | (350) |
| Cash available from operating activities | 399 | 1 101 | |
| Dividends paid | |||
| – to Altron equity holders | (216) | (176) | |
| – to minority interest | (173) | (106) | |
| CASH FLOWS FROM INVESTING ACTIVITIES | (467) | (62) | |
| Acquisition of subsidiaries and joint venture | 38 | (86) | (126) |
| Proceeds on disposal of subsidiaries and joint venture | 39 | 472 | |
| Proceeds on disposal of property, plant and equipment | 40 | 27 | 46 |
| Net repayment of rental finance advances | 19 | 13 | |
| Acquisition of property, plant, equipment and intangibles | (240) | (315) | |
| Replacement capital expenditure | (117) | (173) | |
| Expansion capital expenditure | (123) | (142) | |
| Other investing activities | 41 | (187) | (152) |
| CASH FLOWS FROM FINANCING ACTIVITIES | (120) | (122) | |
| Repayment of loans | (149) | (166) | |
| Proceeds on share issue | 8 | 21 | |
| Subsidiaries' equity contributions from minorities | 42 | 21 | 23 |
| NET (DECREASE)/INCREASE IN CASH AND CASH | |||
| EQUIVALENTS | (577) | 635 | |
| Cash and cash equivalents at the beginning of the year | 2 152 | 1 520 | |
| Effect of foreign exchange translation on cash balances | 14 | (3) | |
| CASH AND CASH EQUIVALENTS AT THE END | |||
| OF THE YEAR | 9 | 1 589 | 2 152 |