Statement of cash flows
for the year ended 30 June

  

      Notes   Group  
2012  
R million  
Restated  
Group  
Period ended  
30 June  
2011  
R million  
Cash flows from operating activities           
Cash generated from operations   32   1 565   971  
Interest income      503   (242) 
Dividends received      630   387  
Income tax paid      (741)  (287) 
Net cash generated from operating activities      1 957   829  
Cash flows from investing activities           
Purchase of property and equipment      (271)  (63) 
Additions to investments      (4 046)  (1 588) 
Disposals of investments      2 835   943  
Proceeds from preference shares redemption      –   102  
Investment in subsidiary companies      –   (3 608) 
Proceeds on sale of shares in subsidiary      546   –  
Net cash used in investing activities      (936)  (4 214) 
Cash flows from financing activities           
Issue of shares      –   2 514  
(Redemption)/issue of preference shares      (30)  1 450  
Borrowings incurred/(repaid)      15   (194) 
Cost of funding      (3)  (41) 
Dividends paid on preference shares in issue      (101)  (12) 
Dividends paid by subsidiaries to non-controlling interests      (86)  (92) 
Dividends paid to shareholders      (946)  (339) 
Net cash outflow from financing activities      (1 151)  3 286  
Net decrease in cash and cash equivalents for the year      (130)  (99) 
Cash and cash equivalents included under disposal group held for sale      (7)  –  
Unrealised foreign currency translation adjustment included in cash           
and cash equivalents      143   24  
Cash and cash equivalents at the beginning of the year      2 456   –  
Cash and cash equivalents acquired      –   2 531  
Cash and cash equivalents and the end of the year      2 462   2 456  

 

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