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Report of the audit committee
Statement of directors’ responsibilities
Certificate by the company secretary
Report of the independent auditors
Directors’ report
Group income statement
Group statement of comprehensive income
Group balance sheet
Group statement of changes in equity
Group cash flow statement
Notes to the Group financial statements
Company income statement
Company statement of comprehensive income
Company balance sheet
Company statement of changes in equity
Company cash flow statement
Notes to the company financial statements
Annexure 1

Group cash flow statement

for the year ended 31 December 2009

        December 2009     December 2008  
  Note     Rm     Rm  
CASH FLOWS FROM OPERATING ACTIVITIES                
Cash generated from operations 24     49 632     44 836  
Interest received       1 835     1 744  
Interest paid       (4 961)     (3 027)  
Dividend paid 9     (3 381)     (2 536)  
Income tax paid 25     (6 843)     (6 781)  
Net cash generated from operating activities       36 282     34 236  
CASH FLOWS FROM INVESTING ACTIVITIES                
Acquisition of property, plant and equipment       (27 720)     (26 896)  
– to maintain operations       (3 526)     (4 172)  
– to expand operations       (24 194)     (22 724)  
Proceeds from disposal of property, plant and equipment and intangible assets       115     147  
Acquisition of intangible assets       (1 982)     (1 477)  
Loans granted           (2 277)  
Cash outflows from acquisitions net of cash acquired 45     (2 205)     (581)  
Cash(out)/inflows from changes in shareholding 45     (26)     4 575  
Increase in prepayments       (1 374)     (668)  
Net cash used in investing activities       (33 192)     (27 177)  
CASH FLOWS FROM FINANCING ACTIVITIES                
Dividends paid to non-controlling shareholders       (2 701)     (3 979)  
Proceeds from the issuance of ordinary shares 17     36     41  
Cash outflow on share buy-back       (463)      
Borrowings raised       11 945     3 987  
Borrowings repaid       (10 647)     928  
Decrease/(increase) in restricted cash       992     (1 038)  
Other cash (out)/inflows       (88)     353  
Net cash (used in)/generated from financing activities       (926)     292  
Net increase in cash and cash equivalents       2 164     7 351  
Cash and cash equivalents at beginning of year       25 596     15 546  
Exchange (losses)/gains on cash and cash equivalents       (5 114)     2 699  
Cash and cash equivalents at end of year 26     22 646     25 596  

The notes on pages 52 to 151 are an integral part of these consolidated financial statements.

**The cash flows shown above are presented net of VAT.