Statement of cash flows
For the year ended 28 February 2010
| |
|
GROUP |
| |
|
2010 |
|
2009 |
| |
Notes |
R millions |
|
R millions |
 |
|
|
Cash flows from operating activities |
|
1 290 |
|
646 |
Cash generated by operations |
34 |
2 417 |
|
2 046 |
| Interest received |
|
88 |
|
171 |
| Dividends received |
35 |
16 |
|
16 |
| Interest paid |
|
(171) |
|
(276) |
| Taxation paid |
36 |
(522) |
|
(666) |
Cash available from operating activities |
|
1 828 |
|
1 291 |
| Dividends paid |
|
|
|
|
| – to Altron equity holders |
|
(372) |
|
(490) |
| – to minority interest |
|
(166) |
|
(155) |
Cash flows utilised in investing activities |
|
(1 239) |
|
(1 904) |
| Acquisition of subsidiaries |
37 |
(284) |
|
(1 042) |
| Proceeds on disposal of subsidiary |
38 |
82 |
|
75 |
| Proceeds on disposal of property, plant and equipment |
39 |
85 |
|
78 |
| Net repayment of rental finance advances |
|
– |
|
2 |
| Acquisition of intangible assets |
42 |
(373) |
|
(106) |
| Acquisition of property, plant and equipment |
|
(733) |
|
(902) |
| Other investing activities |
40 |
(16) |
|
(9) |
Cash flows from financing activities |
|
(18) |
|
345 |
| Loans (repaid)/raised |
|
(156) |
|
93 |
| Proceeds on share issue |
|
46 |
|
18 |
| Subsidiaries’ equity contributions from minorities |
41 |
92 |
|
234 |
Increase/(decrease) in net cash and cash equivalents |
|
33 |
|
(913) |
| Net cash and cash equivalents at the beginning of the year |
|
1 180 |
|
2 083 |
| Effect of foreign exchange translation on cash balances |
|
(39) |
|
10 |
Net cash and cash equivalents at the end of the year |
9 |
1 174 |
|
1 180 |
