|
Group |
Company |
| |
|
 |
2003 |
2002 |
|
|
|
2003 |
2002 |
|
| |
Note |
|
Rm |
Rm |
|
|
|
Rm |
Rm |
|
 |
| Cash flow from operating activities |
|
|
|
|
|
|
|
|
|
|
| Cash inflow from trading |
30.1 |
|
657.6 |
581.7 |
|
|
|
109.4 |
29.4 |
|
| Working capital movements |
30.2 |
|
(209.7) |
(262.1) |
|
|
|
0.4 |
2.6 |
|
|
| Cash generated by operating activities |
|
|
447.9 |
319.6 |
|
|
|
109.8 |
32.0 |
|
| Interest received |
|
|
519.5 |
355.5 |
|
|
|
2.5 |
1.5 |
|
| Interest paid |
|
|
(87.4) |
(45.2) |
|
|
|
- |
(0.2) |
|
| Tax paid |
30.3 |
|
(191.7) |
(284.5) |
|
|
|
(31.7) |
(38.7) |
|
|
| Cash generated by/(utilised in) operations |
|
|
688.3 |
345.4 |
|
|
|
80.6 |
(5.4) |
|
| Distributions to shareholders |
30.4 |
|
(201.3) |
(145.8) |
|
|
|
(213.5) |
(146.8) |
|
|
| Net cash inflow/(outflow) from operating activities |
|
|
487.0 |
199.6 |
|
|
|
(132.9) |
(152.2) |
|
|
|
|
|
| Continuing operations |
|
|
487.0 |
187.3 |
|
|
|
(132.9) |
(152.2) |
|
| Discontinued operations |
|
|
- |
12.3 |
|
|
|
- |
- |
|
|
|
|
|
|
|
| Cash flow from investing activities |
|
|
|
|
|
|
|
|
|
|
| Investment in property, plant and equipment |
|
|
|
|
|
|
|
|
|
|
| to maintain operations |
|
|
(203.9) |
(152.6) |
|
|
|
- |
- |
|
| Investment in property, plant and equipment |
|
|
|
|
|
|
|
|
|
|
| to expand operations |
|
|
(165.8) |
(182.4) |
|
|
|
- |
- |
|
| Costs related to the closure of Country Road's |
|
|
|
|
|
|
|
|
|
|
| US operations |
|
|
- |
(18.2) |
|
|
|
- |
- |
|
| Proceeds on disposal of property, plant and equipment |
|
|
39.0 |
146.7 |
|
|
|
- |
- |
|
| Proceeds on disposal of listed investment |
|
|
- |
4.8 |
|
|
|
- |
- |
|
| Repayment of loans by subsidiaries |
|
|
- |
- |
|
|
|
91.4 |
103.1 |
|
| Investment in subsidiaries |
30.5 |
|
(1.4) |
(28.0) |
|
|
|
- |
- |
|
| Investment in joint venture |
|
|
- |
(71.2) |
|
|
|
- |
- |
|
| Credit card receivables |
|
|
(40.5) |
- |
|
|
|
- |
- |
|
| Loans to customers |
|
|
(77.1) |
(114.5) |
|
|
|
- |
- |
|
| Participation in export partnerships |
|
|
5.9 |
19.0 |
|
|
|
2.0 |
7.8 |
|
| Loans and advances to employees |
|
|
(1.8) |
(8.6) |
|
|
|
- |
- |
|
|
| Net cash (outflow)/inflow from investing activities |
|
|
(445.6) |
(405.0) |
|
|
|
93.4 |
110.9 |
|
|
|
|
|
| Continuing operations |
|
|
(445.6) |
(396.3) |
|
|
|
93.4 |
110.9 |
|
| Discontinued operations |
|
|
- |
(8.7) |
|
|
|
- |
- |
|
|
|
|
|
|
|
| Cash flow from financing activities |
|
|
|
|
|
|
|
|
|
|
| Shares issued |
|
|
39.5 |
41.3 |
|
|
|
39.5 |
41.3 |
|
| Re-purchase of shares by subsidiary |
|
|
(235.1) |
(134.7) |
|
|
|
- |
- |
|
|
| Net cash (outflow)/inflow from financing activities |
|
|
(195.6) |
(93.4) |
|
|
|
39.5 |
41.3 |
|
|
| Decrease in cash and cash equivalents |
|
|
(154.2) |
(298.8) |
|
|
|
- |
- |
|
| Cash and cash equivalents at the beginning of the year |
|
|
(361.7) |
(64.0) |
|
|
|
- |
- |
|
| Cash acquired on acquisition of subsidiary |
|
|
10.2 |
0.2 |
|
|
|
- |
- |
|
| Effect of foreign exchange rate changes |
|
|
(8.0) |
0.9 |
|
|
|
- |
- |
|
|
| Cash and cash equivalents at the end of the year |
30.6 |
|
(513.7) |
(361.7) |
|
|
|
- |
- |
|
|
