Condensed consolidated cash flow statement  
 

 
   
   
Six months ended
   Year ended  
    31 Mar     31 Mar     30 Sep  
    2009     2008     2008  
R million Notes   Reviewed       Reviewed       Audited  
Cash flow from operating activities            
Operating cash flows before movements in            
   working capital   1 972     2 585     5 281  
Increase in working capital   (777)    (1 640)    (1 547) 
Cash generated from operations   1 195     945     3 734  
Realised fair value adjustments on financial instruments   (74)    (18)    (157) 
Finance costs and investment income   (432)    (321)    (766) 
Taxation paid   (284)    (420)    (830) 
Cash flow from operations   405     186     1 981  
Dividends paid (including minority shareholders)    (345)    (414)    (622) 
   
Net cash from/(applied to) operating activities   60     (228)    1 359  
Net cash applied to investing activities   (595)    (1 300)    (2 606) 
Acquisition of subsidiaries, investments and intangibles 12   11     (339)    (996) 
Acquisition of property, plant and equipment   (591)    (570)    (973) 
Net investment in fleet leasing and            
   equipment rental assets 14   (248)    (838)    (1 155) 
Net investment in car rental vehicles 14   134     (856)    (736) 
Net investment in leasing receivables   25     53     (13) 
Proceeds on disposal of subsidiaries, investments            
   and intangibles 13   4       1 077     1 098  
Proceeds on disposal of property, plant and equipment   70     173     169  
Net cash outflow before financing activities   (535)    (1 528)    (1 247) 
Net cash from financing activities   357     1 738     1 347  
Ordinary shares issued   8     13     23  
Funding of pension deficit on merger of UK schemes   –     (759)    (759) 
Increase in interest-bearing liabilities   349     2 484     2 083  
Net (decrease)/increase in cash and cash equivalents   (178)    210     100  
Cash and cash equivalents at beginning of period   1 238     1 201     1 201  
Cash and cash equivalents held for sale            
   at beginning of period   31     –     –  
Effect of foreign exchange rate movements   57     154     54  
Effect of unbundling Freeworld Coatings on cash balance   –     (86)    (86) 
Effect of cash balances classified as held for sale   (16)    –     (31) 
   
Cash and cash equivalents at end of period   1 132     1 479     1 238