Statement of cash flows
For the year ended 28 February 2010
| |
|
COMPANY |
| |
|
2010 |
|
2009 |
| |
Notes |
R’000 |
|
R’000 |
 |
|
|
Operating activities |
|
52 713 |
|
(6 546) |
| Cash utilised by operations |
|
(897) |
|
(673) |
| Interest received |
|
59 900 |
|
75 643 |
| Interest paid |
|
(55 124) |
|
(70 121) |
| Dividends received |
|
466 227 |
|
545 661 |
| Changes in working capital |
|
(410) |
|
(1 649) |
| Non-cash movements |
|
614 |
|
— |
| Movement of loan with subsidiaries |
|
(4 837) |
|
(11 911) |
| Cash available from operating activities |
|
465 473 |
|
536 950 |
| Dividends paid |
|
(411 747) |
|
(538 146) |
| Taxation paid |
8 |
(1 013) |
|
(5 350) |
Investing activities |
|
(10 541) |
|
(11 944) |
| Cash outflow on increase of investment in subsidiaries |
|
(10 541) |
|
(11 944) |
Financing activities |
|
(41 788) |
|
18 301 |
| Proceeds on issue of shares |
|
8 212 |
|
18 301 |
| Loan repaid |
|
(50 000) |
|
— |
Cash resources |
|
|
|
|
| Net cash generated/(utilised) |
|
384 |
|
(189) |
| Cash and cash equivalents at the beginning of the year |
|
1 |
|
190 |
Cash and cash equivalents at the end of the year |
|
385 |
|
1 |
