for the year ended 30 June |
|
Audited
2012
Rm |
|
Audited
2011
Rm |
|
Cash flows from operating activities |
|
|
|
|
|
Cash generated by operations before movements in working capital |
|
8 198 |
|
6 375 |
|
Movements in net working capital |
|
(758) |
|
(298) |
|
Cash generated by operations before net capital expenditure on rental assets |
|
7 440 |
|
6 077 |
|
Expansion capital expenditure rental assets |
|
(352) |
|
(157) |
|
Net replacement capital expenditure rental assets |
|
(505) |
|
(174) |
|
Expenditure |
|
(2 120) |
|
(1 900) |
|
Proceeds |
|
1 615 |
|
1 726 |
|
|
|
|
|
|
|
Cash generated by operations |
|
6 583 |
|
5 746 |
|
Net financing costs |
|
(681) |
|
(563) |
|
Tax paid |
|
(1 522) |
|
(1 221) |
|
|
|
4 380 |
|
3 962 |
|
Cash flows from investing activities |
|
|
|
|
|
Net acquisition of subsidiaries and businesses |
|
(1 868) |
|
(943) |
|
Expansion capital expenditure excluding rental assets |
|
(773) |
|
(530) |
|
Net replacement capital expenditure excluding rental assets |
|
(962) |
|
(667) |
|
Proceeds from the sale of Imperial Bank Limited |
|
|
|
477 |
|
Dividend received from Ukhamba Holdings (Pty) Limited |
|
387 |
|
|
|
Net movement in other associates and joint ventures |
|
(94) |
|
78 |
|
Net movement in investments, loans and other non-current financial instruments |
|
(63) |
|
(15) |
|
|
|
(3 373) |
|
(1 600) |
|
Cash flows from financing activities |
|
|
|
|
|
Hedge cost premium paid |
|
(105) |
|
(205) |
|
Repurchase of ordinary shares |
|
|
|
(156) |
|
Cost incurred on cancellation of shares repurchased |
|
|
|
(8) |
|
Repayment of IPL 3 and IC 01 corporate bonds |
|
|
|
(2 026) |
|
Proceeds from the issuance of IPL 5 and IPL 6 corporate bonds |
|
|
|
2 034 |
|
Repayment of IC 02 corporate bonds |
|
(522) |
|
|
|
Proceeds on the syndicated bank term loan raised |
|
2 482 |
|
|
|
Net decrease in interest-bearing borrowings |
|
(1 432) |
|
(225) |
|
Change in non-controlling interests |
|
(177) |
|
(51) |
|
Dividends paid |
|
(1 350) |
|
(983) |
|
|
|
(1 104) |
|
(1 620) |
|
Net (decrease) increase in cash and cash equivalents |
|
(97) |
|
742 |
|
Cash and cash equivalents at beginning of year |
|
2 926 |
|
2 184 |
|
Cash and cash equivalents at end of year |
|
2 829 |
|
2 926 |
|