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Cash flow statement

for the year ended 28 February 2009

     
COMPANY
 
 
2009  
    
2008  
 
Notes
  
R’000  
    
R’000  
Operating activities
    
(6 546) 
    
196 801  
Cash utilised by operations    
(673) 
    
(540) 
Interest received    
75 643  
    
16 646  
Interest paid    
(70 121) 
    
(15 239) 
Dividends received    
545 661  
    
383 265  
Changes in working capital    
(1 649) 
    
2 311  
Proceeds on disposal of property    
—  
    
851  
Movement on loans with subsidiaries    
(11 911) 
    
177 624  
Cash available from operating activities    
536 950  
    
564 918  
Dividends paid    
(538 146) 
    
(367 451) 
Taxation paid
8
  
(5 350) 
    
(666) 
Investing activities
    
(11 944) 
    
(758 402) 
Cash outflow on increase of investment in subsidiaries    
(11 944) 
    
(208 402) 
Loan advanced to subsidiary    
—  
    
(550 000) 
Financing activities
    
18 301  
    
561 791  
Proceeds on issue of shares    
18 301  
    
11 791  
Loan raised    
—  
    
550 000  
Cash resources
    
 
    
Net cash (utilised)/generated    
(189) 
    
190  
Cash and cash equivalents at the beginning of the year    
190  
    
—  
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
    
1  
    
190