Group statement of cash flows
for the year ended 31 December 2011
| |
|
Note |
|
2011
Rm |
|
|
|
2010
Rm |
|
| |
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
|
|
| |
Cash generated from operations |
27 |
|
50 277 |
|
|
|
50 536 |
|
| |
Finance income received |
|
|
1 982 |
|
|
|
1 207 |
|
| |
Finance costs paid |
|
|
(3 341) |
|
|
|
(2 674) |
|
| |
Dividends paid to equity holders of the Company |
|
|
(11 722) |
|
|
|
(6 313) |
|
| |
Income taxes paid |
28 |
|
(9 414) |
|
|
|
(8 028) |
|
| |
Dividends received from associate |
13 |
|
92 |
|
|
|
— |
|
| |
Net cash generated from operating activities |
|
|
27 874 |
|
|
|
34 728 |
|
| |
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
| |
Acquisition of property, plant and equipment |
|
|
(14 103) |
|
|
|
(15 343) |
|
| |
– to maintain operations |
|
|
(1 024) |
|
|
|
(1 338) |
|
| |
– to expand operations |
|
|
(13 079) |
|
|
|
(14 005) |
|
| |
Proceeds from sale of property, plant and equipment and intangible assets |
|
|
36 |
|
|
|
162 |
|
| |
Acquisition of intangible assets |
|
|
(1 488) |
|
|
|
(1 235) |
|
| |
Loans repaid |
|
|
2 271 |
|
|
|
758 |
|
| |
Loans granted |
|
|
(126) |
|
|
|
— |
|
| |
Increase in investment in associates |
|
|
(1 915) |
|
|
|
— |
|
| |
Investment in bonds, treasury bills and foreign deposits |
|
|
(8 508) |
|
|
|
— |
|
| |
Proceeds on disposal of non-current assets held for sale |
5 |
|
3 217 |
|
|
|
— |
|
| |
Increase in prepayments |
|
|
— |
|
|
|
(43) |
|
| |
Net cash used in investing activities |
|
|
(20 616) |
|
|
|
(15 701) |
|
| |
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
| |
Dividends paid to non-controlling interests |
|
|
(2 647) |
|
|
|
(2 196) |
|
| |
Proceeds from the issuance of ordinary shares and share options |
|
|
6 |
|
|
|
1 306 |
|
| |
Cash (outflow)/inflow from changes in shareholding |
45.1 |
|
(254) |
|
|
|
124 |
|
| |
Acquisition of treasury shares |
|
|
(930) |
|
|
|
— |
|
| |
Proceeds from borrowings |
|
|
4 848 |
|
|
|
6 724 |
|
| |
Repayments of borrowings |
|
|
(10 007) |
|
|
|
(8 263) |
|
| |
(Increase)/decrease in restricted cash |
|
|
(182) |
|
|
|
369 |
|
| |
Settlement of Nigeria put option |
|
|
(2 817) |
|
|
|
— |
|
| |
Other financing activities |
|
|
(50) |
|
|
|
(119) |
|
| |
Net cash used financing activities |
|
|
(12 033) |
|
|
|
(2 055) |
|
| |
Net (decrease)/increase in cash and cash equivalents |
|
|
(4 775) |
|
|
|
16 972 |
|
| |
Cash and cash equivalents at beginning of year |
|
|
35 907 |
|
|
|
22 646 |
|
| |
Exchange gains/(losses) on cash and cash equivalents |
|
|
4 081 |
|
|
|
(3 711) |
|
| |
Cash and cash equivalents at end of the year |
29 |
|
35 213 |
|
|
|
35 907 |
|
The notes on pages 97 to193 are an integral part of these Group financial statements.
The cash flows shown above are presented net of VAT. |
