| Year ended |
| 30 June |
| 2004 | | 2003 |
| | Rm |
| Rm |
| Cash flow from operating activities |
|
|
|
| Cash inflow from trading |
794.4 | | 681.0 |
| Working capital movements |
(7.5) | | 104.4 |
| Cash applied to financial services assets |
(709.8) | |
(461.6) |
| Cash generated by operating activities |
77.1 | | 323.8 |
| Interest received |
540.9 | | 519.5 |
| Interest paid |
(105.8) | | (87.4) |
| Tax paid |
(331.5) | |
(191.7) |
| Cash generated by operations |
180.7 | | 564.2 |
| Distributions to shareholders |
(271.7) | |
(201.3) |
| Net cash (outflow)/inflow from operating activities |
(91.0) | |
362.9 |
| Cash outflow from investing activities |
(393.2) | |
(322.2) |
| Cash flow from financing activities | | | |
| Shares issued |
54.5 | | 39.5 |
| Shares repurchased by subsidiary |
- | |
(235.1) |
| Net cash inflow/(outflow) from financing activities |
54.5 | |
(195.6) |
| Decrease in cash and cash equivalents |
(429.7) | | (154.9) |
| Cash acquired on acquisition of subsidiary |
- | | 10.2 |
| Cash and cash equivalents at the beginning of the year |
(514.7) | | (362.0) |
| Effect of foreign exchange rate changes |
(5.5) | |
(8.0) |
| Cash and cash equivalents at the end of the year |
(949.9) | |
(514.7) |
| GROUP ANALYSIS | | | |
| Cash generated by operations - before tax |
512.2 | | 755.9 |
| Woolworths |
472.8 | | 696.8 |
| Country Road |
39.4 | | 59.1 |
| |
