MTN Cover page

 

 

Group cash flow statement

for the year ended 31 December 2007

      Year ended   Year ended
      31 December   31 December
      2007   2006
  Notes   Rm   Rm

CASH FLOWS FROM OPERATING ACTIVITIES          
Cash generated from operations 23   34 334   22 934
Interest received 4   1 013   1 382
Interest paid 5   (3 589)   (1 525)
Dividends paid     (1 675)   (1 083)
Income tax paid 24   (4 233)   (4 086)
Net cash generated from operating activities     25 850   17 622
           
CASH FLOWS FROM INVESTING ACTIVITIES          
Purchase of property, plant and equipment     (14 458)   (9 379)
– to maintain operations     (1 908)   (586)
– to expand operations     (12 550)   (8 793)
Acquisition of other loans and advances     (891)   (67)
Proceeds from sale of property, plant and equipment          
and non-current assets     142   102
Acquisition of intangible assets     (1 874)   (417)
Interest received 4     4
Disposal/(acquisition) of subsidiaries and joint          
ventures 43   52   (25 795)
Increase in non-current prepayments     (123)   (159)
Net cash used in investing activities     (17 152)   (35 711)
           
CASH FLOWS FROM FINANCING ACTIVITIES          
Dividends to minorities     (1 712)   (1 374)
Proceeds from the issuance of ordinary shares 17   60   67
Decrease in other non-current liabilities     (11)  
(Decrease)/increase in long-term borrowings     (5 836)   19 066
(Increase)/decrease in restricted cash     (609)   208
Increase in short-term borrowings     5 973   1 026
Net cash (used in)/generated from financing activities     (2 135)   18 993
Net increase in cash and cash equivalents     6 563   904
Cash and cash equivalents at beginning of year     9 008   7 164
E ect of exchange rate changes     (25)   940
Cash and cash equivalents at end of year 25   15 546   9 008