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Report of the audit committee
Report of the independent auditors
Certificate of the company secretary
Director’s report
Principal accounting policies
Group income statement
Group balance sheet
Group statement of changes in equity
Group cash flow statement
Notes to the Group financial statements
Company income statement
Company balance sheet
Company statement of changes in equity
Company cash flow statement
Notes to the company financial statements
Annexure 1: Interest in subsidiary companies and joint ventures
Annexure 2: Group’s attributable interest in associated companies

Group cash flow statement

for the year ended 31 December 2008

          December 2008     December 2007  
          Rm     Rm  
  CASH FLOWS FROM OPERATING ACTIVITIES                
  Cash generated from operations 22     44 836     34 334  
  Interest received 4     1 744     1 013  
  Interest paid 5     (3 027)     (3 589)  
  Dividends paid       (2 536)     (1 675)  
  Income tax paid 23     (6 781)     (4 233)  
  Net cash from operating activities       34 236     25 850  
  CASH FLOWS FROM INVESTING ACTIVITIES                
  Purchase of property, plant and equipment       (26 896)     (14 458)  
  – to maintain operations       (4 172)     (1 908)  
  – to expand operations       (22 724)     (12 550)  
  Acquisition of other loans and advances           (891)  
  Proceeds from sale of property, plant and equipment and non-current assets       147     142  
  Acquisitions of intangible assets       (1 477)     (1 874)  
  Loans granted       (2 277)      
  Acquisitions of subsidiaries, net of cash acquired 42     (581)     (169)  
  Changes in shareholding 43     4 575     221  
  Increase in prepayments       (668)     (123)  
  Net cash used in investing activities       (27 177)     (17 152)  
  CASH FLOWS FROM FINANCING ACTIVITIES                
  Dividends paid to minorities       (3 979)     (1 712)  
  Proceeds from the issuance of ordinary shares 15     41     60  
  Increase in other non-current liabilities           (11)  
  Long-term borrowings raised       20 431     8 217  
  Long-term borrowings repaid       (16 444)     (14 054)  
  Realisation of a cash-flow hedge       266      
  Increase in restricted cash       (1 038)     (609)  
  Short-term borrowings raised       2 322     10 422  
  Short-term borrowings repaid       (1 394)     (4 449)  
  Other       87      
  Net cash generated from/(used in) nancing activities       292     (2 135)  
  Net increase in cash and cash equivalents       7 351     6 563  
  Cash and cash equivalents at beginning of year       15 546     9 008  
  Exchange gains/(losses) on cash and cash equivalents       2 699     (25)  
  Cash and cash equivalents at end of year 24     25 596     15 546  

The notes are an integral part of these consolidated financial statements.