Statement of cash flows
for the period ended 30 June 2011

  Notes Company
2011
R million
Cash flows from operating activities    
Cash generated from operations A 433 
Income tax paid   (2)
Net cash generated from operating activities   431 
Cash flows from investing activities    
Acquisition of subsidiary   (3 608)
Acquisition of preference share investment   (401)
Proceeds from redemption of preference shares   102 
Net cash used in investing activities   (3 907)
Cash flows from financing activities    
Issue of ordinary shares   2 514 
Issue of preference shares   1 450 
Cost of funding   (32)
Dividends paid to shareholders   (339)
Net cash inflows from financing activities   3 593 
Net increase in cash and cash equivalents for the period   117 
Cash and cash equivalents at the beginning of the period   – 
Cash and cash equivalents at the end of the period   117 

 

Notes to the statement of cash flows
for the period ended 30 June 2011

  Company
2011
R million
A. Cash flows from operating activities  
Reconciliation of profit before taxation to cash generated from operations:  
Profit before taxation 381 
Adjusted for:  
Interest paid 31 
Dividends accrued on preference shares in issue
Changes in working capital  
Current receivables and prepayments (1)
Current payables and provisions 17
Cash generated from operations 433 

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