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GROUP |
COMPANY |
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2003 |
2002 |
2003 |
2002 |
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Notes |
Rm |
Rm |
Rm |
Rm |
|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||||
| Cash retained from operations | 22.1 |
1 567 |
2 522 |
(68) |
67 |
| Income from equity accounted investments | 22.2 |
49 |
47 |
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| Income from investments | 529 |
196 |
|||
| Net financing costs | 22.3 |
(240) |
(236) |
(182) |
(212) |
| Dividends paid | 22.4 |
(286) |
(252) |
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| Normal taxation paid | 22.5 |
(310) |
(149) |
(32) |
|
780 |
2 184 |
(5) |
51 |
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| CASH FLOWS FROM INVESTING ACTIVITIES | |||||
| Investment to maintain operations | 22.6 |
(264) |
(303) |
(14) |
(6) |
| Investment to expand operations | 22.7 |
(1 122) |
(782) |
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| Proceeds from disposal of property, | |||||
| plant and equipment | 44 |
25 |
6 |
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| Investment in other non-current assets | 22.8 |
(36) |
(50) |
(108) |
409 |
| Increase in cash resources on acquisition of a controlling | |||||
| interest in subsidiaries | 23 |
366 |
|||
| Acquisition of joint ventures and associates | (34) |
||||
| Foreign currency translations | 22.9 |
28 |
(9) |
(37) |
98 |
(1 018) |
(1 119) |
(153) |
501 |
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| NET CASH (OUTFLOW)/INFLOW | (238) |
1 065 |
(158) |
552 |
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| CASH FLOWS FROM FINANCING ACTIVITIES | |||||
| Non-current interest-bearing borrowings raised | 2 094 |
406 |
379 |
(99) |
|
| Non-current interest-bearing borrowings repaid | (1 241) |
(359) |
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| Current interest-bearing borrowings repaid | (425) |
(706) |
(406) |
(278) |
|
| Proceeds from issuance of share capital | 349 |
349 |
|||
| Increase in loans from minority shareholders | 95 |
||||
523 |
(310) |
(27) |
(28) |
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| NET INCREASE IN CASH AND CASH EQUIVALENTS | 285 |
755 |
(185) |
524 |
|
| CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 679 |
(76) |
341 |
(183) |
|
| CASH AND CASH EQUIVALENTS AT END OF YEAR | 964 |
679 |
156 |
341 |
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| CALCULATION OF MOVEMENT IN NET DEBT | |||||
| Net cash (outflow)/inflow | (238) |
1 065 |
|||
| Add: | |||||
| – shares issued | 393 |
||||
| – unbundling costs | (44) |
||||
| – cash flows included above relating to non-interest-bearing debt | 2 |
||||
| – loans from minority shareholders | 95 |
||||
| – increase in net debt on acquisition of a controlling interest | |||||
| in subsidiaries | 23 |
(891) |
|||
| – non-cash flow movement in net debt applicable | |||||
| to special purpose entities | (18) |
||||
| – non-cash flow movements in net debt applicable | |||||
| to currency translation differences of transactions | |||||
| denominated in foreign currency | (11) |
||||
| – non-cash flow movements in net debt applicable | |||||
| to currency translation differences of net debt items | |||||
| of foreign entities | 22.9 |
(170) |
(16) |
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| (INCREASE)/DECREASE IN NET DEBT | (1 231) |
1 398 |
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