| Year ended 31 December |
2008
Audited
Rm |
2007
Audited
Rm |
| Cash retained from operations |
3 574 |
2 308 |
| – net financing costs |
(193) |
(116) |
| – tax paid |
(487) |
(462) |
| – dividends paid (note 7) |
(984) |
(223) |
| Cash used in investing activities |
|
|
| – capital expenditure |
(1 617) |
(1 296) |
| – proceeds from disposal of property, plant and equipment |
29 |
50 |
| – dividends from investments and equity-accounted investments |
1 044 |
379 |
| – investments acquired |
(179) |
(249) |
| – associate acquired (note 8) |
(221) |
|
| – acquisition of subsidiaries and other business operations (note 9) |
(2 757) |
(8) |
| – other |
(55) |
5 |
| Net cash (outflow)/inflow |
(1 846) |
388 |
| – cash flows from issue of shares |
31 |
114 |
| – borrowings raised/(repaid) |
2 734 |
(567) |
| Net increase/(decrease) in cash and cash equivalents |
919 |
(65) |
| Special purpose entities consolidated |
|
9 |
| Cash and cash equivalents at beginning of year |
850 |
906 |
| Cash and cash equivalents end of year |
1 769 |
850 |
| Calculation of movement in net debt: |
|
|
| Net cash (outflow)/inflow |
(1 846) |
388 |
| – shares issued |
31 |
114 |
| – loans from minority shareholders |
1 |
|
| – increase in net debt on acquisition of subsidiary |
|
(25) |
| – special purpose entities consolidated |
|
9 |
| – non-cash flow movements in net debt applicable to currency translation |
|
|
| differences of transactions denominated in foreign currency |
(352) |
59 |
| – non-cash flow movements in net debt applicable to currency translation |
|
|
| differences of net debt items of foreign entities |
282 |
(107) |
| – hedging of share-based payment exposure |
(14) |
|
| (Increase)/decrease in net debt |
(1 898) |
438 |
