| |
|
|
Restated |
| |
|
2009 |
2008 |
| |
Note |
Rm |
Rm |
| Cash flow from operating activities |
|
|
|
| Cash inflow from trading |
|
1 650.6 |
1 307.8 |
| Working capital movements |
|
67.3 |
(330.3) |
| Cash applied to financial services assets |
|
20.6 |
(24.4) |
| Cash generated by operating activities |
|
1 738.5 |
953.1 |
| Interest received |
|
549.5 |
1 351.1 |
| Finance costs paid |
|
(312.0) |
(489.7) |
| Tax paid |
|
(370.3) |
(747.0) |
| Cash generated by operations |
|
1 605.7 |
1 067.5 |
| Dividends received from associate |
|
1.2 |
1.1 |
| Normal dividend to shareholders |
|
(654.8) |
(635.5) |
| Net cash inflow from operating activities |
|
952.1 |
433.1 |
| Cash flow from investing activities |
|
|
|
| Net investment in PPE |
|
(614.2) |
(562.2) |
| Proceeds on disposal of controlling interest in subsidiary |
8 |
875.0 |
– |
| Replacement of WFS debt funding by joint venture partner |
8 |
2 908.8 |
– |
| Cash disposed on sale of controlling interest in subsidiary |
8 |
(535.1) |
– |
| Costs incurred on disposal of controlling interest in subsidiary |
8 |
(48.1) |
– |
| Other |
|
38.5 |
58.1 |
| Net cash inflow/(outflow) from investing activities |
|
2 624.9 |
(504.1) |
| Cash flow from financing activities |
|
|
|
| Shares issued |
|
25.6 |
20.4 |
| Repurchase of shares |
|
– |
(200.0) |
| Repurchase of treasury shares |
|
(316.6) |
– |
| Special dividend to shareholders |
|
(750.0) |
– |
| Notes redeemed |
|
– |
(436.0) |
| BEE transaction costs |
|
– |
(3.0) |
| Share repurchase costs |
|
(5.0) |
– |
| Payment of finance lease liabilities |
|
(9.1) |
(7.9) |
| Long-term borrowings raised |
|
– |
1 500.0 |
| Long-term borrowings repaid |
|
– |
(500.0) |
| Net cash (outflow)/inflow from financing activities |
|
(1 055.1) |
373.5 |
| Increase in cash and cash equivalents |
|
2 521.9 |
302.5 |
| Cash and cash equivalents at the beginning of the year |
|
(90.7) |
(422.6) |
| Effect of foreign exchange rate changes |
|
(40.1) |
29.4 |
| Cash and cash equivalents at the end of the year |
|
2 391.1 |
(90.7) |
| GROUP ANALYSIS |
|
|
|
| Cash inflow from trading |
|
1 650.6 |
1 307.8 |
| Woolworths |
|
1 448.4 |
1 153.7 |
| Country Road |
|
202.2 |
154.1 |
| Gross capital expenditure |
|
753.0 |
638.4 |
| Woolworths |
|
610.5 |
538.9 |
| Country Road |
|
142.5 |
99.5 |
| |
|
|
|
