| |
|
|
Group |
Company |
| |
|
|
2003
Rm |
2002
Rm |
2003
Rm |
2002
Rm |
 |
|
|
|
|
|
|
30 Cash flow information |
|
|
|
|
| |
30.1 |
Cash flow from trading |
|
|
|
|
| |
|
Net profit before tax and exceptional items |
802.1 |
626.0 |
613.5 |
73.3 |
| |
|
Depreciation |
227.1 |
220.2 |
- |
- |
| |
|
Interest paid |
87.4 |
45.2 |
- |
0.2 |
| |
|
Equity accounted share of joint venture loss
|
- |
4.5 |
- |
- |
| |
|
Interest received |
(522.3) |
(355.5) |
(4.1) |
(1.5) |
| |
|
Loss/(profit) on sale of property, plant and
equipment |
7.1 |
(7.8) |
- |
- |
| |
|
Movement in provisions |
24.2 |
30.6 |
- |
- |
| |
|
Post-retirement medical aid provision |
19.8 |
16.5 |
- |
- |
| |
|
Other |
- |
2.0 |
- |
- |
| |
|
Foreign exchange gains |
- |
- |
- |
(113.7) |
| |
|
Foreign exchange losses |
12.2 |
- |
- |
71.1 |
| |
|
Distribution received |
- |
- |
(500.0) |
- |
 |
|
|
|
|
|
|
| |
|
Net inflow from trading |
657.6 |
581.7 |
109.4 |
29.4 |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
30.2 |
Working capital movements |
|
|
|
|
| |
|
Inventories |
(70.2) |
2.4 |
- |
- |
| |
|
Accounts receivable |
(420.3) |
(206.4) |
0.9 |
2.3 |
| |
|
Accounts payable |
280.8 |
(58.1) |
(0.5) |
0.3 |
|
|
|
|
|
|
|
| |
|
Net (outflow)/inflow |
(209.7) |
(262.1) |
0.4 |
2.6 |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
30.3 |
Tax paid |
|
|
|
|
| |
|
Normal and foreign tax |
|
|
|
|
| |
|
Amounts owing at the beginning of the year |
(94.8) |
(116.8) |
(1.7) |
(4.2) |
| |
|
Amounts (charged)/credited to income statement
|
(241.6) |
(244.3) |
17.4 |
(18.0) |
| |
|
Amounts owing at the end of the year |
169.9 |
94.8 |
(22.2) |
1.7 |
|
|
|
|
|
|
|
| |
|
Cash amounts paid |
(166.5) |
(266.3) |
(6.5) |
(20.5) |
|
|
|
|
|
|
|
| |
|
Secondary tax on companies |
|
|
|
|
| |
|
Amounts charged to income statement and paid
|
(25.2) |
(18.2) |
(25.2) |
(18.2) |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Total tax paid |
(191.7) |
(284.5) |
(31.7) |
(38.7) |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
30.4 |
Distributions to shareholders |
|
|
|
|
| |
|
Amounts charged to statement of changes |
|
|
|
|
| |
|
in ordinary shareholders' interest and paid |
(201.3) |
(145.8) |
(213.5) |
(146.8) |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
Group |
| |
|
|
|
|
2003
Rm |
2002
Rm |
|
|
|
|
|
|
|
| |
30.5 |
Investment in subsidiaries |
|
|
|
|
| |
|
2003 |
|
|
|
|
| |
|
Upfront Investments 132 (Proprietary) Limited |
|
|
|
|
| |
|
– former 50% joint venture |
|
|
|
|
| |
|
Plant and equipment |
|
|
(1.6) |
- |
| |
|
Trade and other receivables |
|
|
(77.2) |
- |
| |
|
Cash and cash equivalents |
|
|
(10.2) |
- |
| |
|
Trade and other payables |
|
|
0.2 |
- |
| |
|
Shareholders’ loans |
|
|
86.0 |
- |
|
|
|
|
|
|
|
| |
|
Total net assets |
|
|
(2.8) |
- |
|
|
|
|
|
|
|
| |
|
Purchase price of remaining 50% acquired - cash outflow |
(1.4) |
- |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
|
2002 |
|
|
|
|
| |
|
inthebag (Proprietary) Limited |
|
|
|
|
| |
|
Plant and equipment |
|
|
- |
(1.4) |
| |
|
Loans |
|
|
- |
(0.5) |
| |
|
Inventories |
|
|
- |
(0.3) |
| |
|
Trade and other receivables |
|
|
- |
(4.2) |
| |
|
Cash and cash equivalents |
|
|
- |
(0.2) |
| |
|
Trade and other payables |
|
|
- |
10.8 |
| |
|
Goodwill |
|
|
- |
(30.1) |
|
|
|
|
|
|
|
| |
|
Cash outflow on acquisition |
|
|
- |
(25.9) |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
|
Universal Product Networks (Proprietary)
Limited |
|
|
|
| |
|
Net assets acquired - 10% |
|
|
- |
(0.4) |
| |
|
Minority interest |
|
|
- |
0.4 |
| |
|
Goodwill |
|
|
- |
(2.1) |
|
|
|
|
|
|
|
| |
|
Cash outflow on acquisition |
|
|
- |
(2.1) |
|
|
|
|
|
|
|
| |
|
Total cash outflow on acquisitions |
|
|
(1.4) |
(28.0) |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
30.6 |
Cash and cash equivalents |
|
|
|
|
| |
|
Bank balances and cash |
|
|
|
|
| |
|
interest earning |
|
|
|
|
| |
|
local - at
interest rates of 10.25% (2002: 10.75%) |
134.6 |
56.5 |
| |
|
foreign -
at interest rates of 0.6% - 4.25% (2002: 2.2% - 4.7%) |
65.6 |
49.5 |
| |
|
non-interest earning |
|
|
|
|
| |
|
|
|
|
216.0 |
118.5 |
| |
|
Overdrafts and short-term interest
bearing borrowings |
(729.7) |
(480.2) |
|
|
|
|
|
|
|
| |
|
Cash and cash equivalents |
|
|
(513.7) |
(361.7) |
|
|
|
|
|
|
|
