Group cash flow statement
for the year ended 31 December 2008
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December 2008 |
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December 2007 |
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Rm |
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Rm |
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CASH FLOWS FROM OPERATING ACTIVITIES |
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Cash generated from operations |
22 |
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44 836 |
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34 334 |
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Interest received |
4 |
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1 744 |
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1 013 |
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Interest paid |
5 |
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(3 027) |
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(3 589) |
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Dividends paid |
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(2 536) |
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(1 675) |
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Income tax paid |
23 |
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(6 781) |
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(4 233) |
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Net cash from operating activities |
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34 236 |
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25 850 |
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CASH FLOWS FROM INVESTING ACTIVITIES |
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Purchase of property, plant and equipment |
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(26 896) |
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(14 458) |
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to maintain operations |
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(4 172) |
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(1 908) |
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to expand operations |
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(22 724) |
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(12 550) |
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Acquisition of other loans and advances |
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(891) |
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Proceeds from sale of property, plant and equipment and non-current assets |
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147 |
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142 |
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Acquisitions of intangible assets |
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(1 477) |
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(1 874) |
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Loans granted |
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(2 277) |
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Acquisitions of subsidiaries, net of cash acquired |
42 |
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(581) |
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(169) |
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Changes in shareholding |
43 |
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4 575 |
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221 |
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Increase in prepayments |
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(668) |
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(123) |
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Net cash used in investing activities |
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(27 177) |
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(17 152) |
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CASH FLOWS FROM FINANCING ACTIVITIES |
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Dividends paid to minorities |
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(3 979) |
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(1 712) |
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Proceeds from the issuance of ordinary shares |
15 |
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41 |
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60 |
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Increase in other non-current liabilities |
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(11) |
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Long-term borrowings raised |
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20 431 |
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8 217 |
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Long-term borrowings repaid |
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(16 444) |
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(14 054) |
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Realisation of a cash-flow hedge |
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266 |
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Increase in restricted cash |
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(1 038) |
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(609) |
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Short-term borrowings raised |
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2 322 |
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10 422 |
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Short-term borrowings repaid |
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(1 394) |
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(4 449) |
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Other |
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87 |
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Net cash generated from/(used in) nancing activities |
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292 |
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(2 135) |
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Net increase in cash and cash equivalents |
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7 351 |
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6 563 |
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Cash and cash equivalents at beginning of year |
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15 546 |
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9 008 |
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Exchange gains/(losses) on cash and cash equivalents |
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2 699 |
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(25) |
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Cash and cash equivalents at end of year |
24 |
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25 596 |
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15 546 |
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The notes are an integral part of these consolidated financial statements.
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