| |
|
2009 |
2008 |
2007 |
| |
Notes |
Rm |
Rm |
Rm |
| Cash flows from operating activities |
|
|
|
|
| Cash receipts from customers |
|
45 525 |
46 589 |
49 697 |
| Cash paid to employees and suppliers |
|
(41 056) |
(42 855) |
(43 858) |
| Cash generated from operations |
A |
4 469 |
3 734 |
5 839 |
| Finance costs |
|
(994) |
(980) |
(902) |
| Realised fair value adjustments on financial instruments |
|
(180) |
(157) |
(16) |
| Dividends received from investments and associates |
|
14 |
26 |
41 |
| Interest received |
|
146 |
188 |
338 |
| Taxation paid |
B |
(603) |
(830) |
(1 412) |
| Cash flow from operations |
|
2 852 |
1 981 |
3 888 |
| Dividends paid (including minority shareholders) |
|
(434) |
(622) |
(2 629) |
| Cash retained from operating activities |
|
2 418 |
1 359 |
1 259 |
| Cash flows from investing activities |
|
|
|
|
| Acquisition of subsidiaries, investments and intangibles |
C |
219 |
(996) |
(349) |
| Proceeds on disposal of subsidiaries, investments and intangibles |
D |
7 |
1 098 |
1 432 |
| Net investment in fleet leasing and rental assets |
E |
(707) |
(1 904) |
(2 283) |
| Acquisition of other property, plant and equipment |
|
(910) |
(973) |
(1 485) |
| Replacement capital expenditure |
|
(522) |
(305) |
(451) |
| Expansion capital expenditure |
|
(388) |
(668) |
(1 034) |
| Proceeds on disposal of property, plant and equipment |
|
180 |
169 |
121 |
| Proceeds on sale of leasing assets |
|
|
|
1 684 |
| Net cash used in investing activities |
|
(1 211) |
(2 606) |
(880) |
| Net cash inflow/(outflow) before financing activities |
|
1 207 |
(1 247) |
379 |
| Cash flows from financing activities |
|
|
|
|
| Proceeds on share issue |
|
12 |
23 |
139 |
| Pension fund payment |
|
|
(759) |
|
| Proceeds from long-term borrowings |
|
4 379 |
3 298 |
1 376 |
| Repayment of long-term borrowings |
|
(4 328) |
(1 285) |
(3 207) |
| (Decrease)/increase in short-term interest-bearing liabilities |
|
(710) |
70 |
704 |
| Net cash (used in)/from financing activities |
|
(647) |
1 347 |
(988) |
| Net increase/(decrease) in cash and cash equivalents |
|
560 |
100 |
(609) |
| Cash and cash equivalents at beginning of year |
|
1 238 |
1 201 |
2 134 |
| Cash and cash equivalents held for sale at beginning of year |
|
31 |
|
|
| Effect of foreign exchange rate movement on cash balance |
|
(57) |
54 |
(6) |
| Effect of cash balances classified as held for sale |
|
(145) |
(31) |
|
| Effect of unbundling of Coatings on cash balance |
|
|
(86) |
|
| Effect of unbundling Pretoria Portland Cement on cash balance |
|
|
|
(318) |
| Cash and cash equivalents at end of year |
|
1 627 |
1 238 |
1 201 |
| Cash balances not available for use due to reserving restrictions |
|
360 |
292 |
235 |
| Cash flows from operating activities (before dividends paid) |
|
|
|
|
| Per business segment: |
|
|
|
|
| Continuing operations |
|
|
|
|
| – Equipment |
|
1 121 |
64 |
483 |
| – Automotive |
|
1 614 |
1 204 |
1 171 |
| – Handling |
|
(94) |
470 |
230 |
| – Logistics |
|
251 |
145 |
120 |
| – Corporate |
|
(187) |
(191) |
120 |
| Total continuing operations |
|
2 705 |
1 692 |
2 124 |
| Discontinued operations |
|
|
|
|
| – Car rental – Scandinavia |
|
147 |
210 |
212 |
| – Cement |
|
|
|
1 002 |
| – Coatings |
|
|
(5) |
352 |
| – Scientific |
|
|
84 |
176 |
| – Steel tube |
|
|
|
22 |
| Total discontinued operations |
|
147 |
289 |
1 764 |
| Total group |
|
2 852 |
1 981 |
3 888 |
| Cash flows from investing activities |
|
|
|
|
| Per business segment: |
|
|
|
|
| Continuing operations |
|
|
|
|
| – Equipment |
|
(103) |
(771) |
(778) |
| – Automotive |
|
(696) |
(1 678) |
(1 833) |
| – Handling |
|
(194) |
(109) |
1 761 |
| – Logistics |
|
(63) |
(795) |
(26) |
| – Corporate |
|
(163) |
58 |
(36) |
| Total continuing operations |
|
(1 219) |
(3 295) |
(912) |
| Discontinued operations |
|
|
|
|
| – Car rental – Scandinavia |
|
8 |
(360) |
(211) |
| – Cement |
|
|
|
(644) |
| – Coatings |
|
|
(24) |
136 |
| – Scientific |
|
|
1 073 |
321 |
| – Steel tube |
|
|
|
430 |
| Total discontinued operations |
|
8 |
689 |
32 |
| Total group |
|
(1 211) |
(2 606) |
(880) |
| Cash flows from financing activities |
|
|
|
|
| Per business segment: |
|
|
|
|
| Continuing operations |
|
|
|
|
| – Equipment |
|
(433) |
1 630 |
317 |
| – Automotive |
|
(904) |
762 |
488 |
| – Handling |
|
61 |
(87) |
(2 050) |
| – Logistics |
|
(178) |
773 |
(96) |
| – Corporate |
|
847 |
(1 178) |
963 |
| Total continuing operations |
|
(607) |
1 900 |
(378) |
| Discontinued operations |
|
|
|
|
| – Car rental – Scandinavia |
|
(40) |
141 |
190 |
| – Cement |
|
|
|
620 |
| – Coatings |
|
|
86 |
(438) |
| – Scientific |
|
|
(780) |
(529) |
| – Steel tube |
|
|
|
(453) |
| Total discontinued operations |
|
(40) |
(553) |
(610) |
| Total group |
|
(647) |
1 347 |
(988) |
