Notes to the cash flow statements
for the year ended 30 September 2014
| COMPANY |
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|
|
|
|
GROUP |
|
| 2013 |
|
|
|
(R’million) |
Notes |
|
Restated
2013 |
* |
| |
|
|
|
A |
|
Cash operating profit/(loss) |
|
|
|
|
|
|
| |
|
|
|
|
|
Operating profit/(loss) before abnormal items:
|
|
|
|
|
|
|
| (12,3) |
|
(35,2) |
|
|
|
– Continuing operations |
|
|
3 556,0 |
|
3 082,8 |
|
| |
|
|
|
|
|
– Discontinued operation |
|
|
30,8 |
|
196,9 |
|
| |
|
|
|
|
|
Add back: |
|
|
|
|
|
|
| |
|
|
|
|
|
Amortisation |
|
|
38,1 |
|
47,4 |
|
| |
|
|
|
|
|
Profit on disposal of property, plant and equipment |
|
|
1,2 |
|
24,5 |
|
| |
|
|
|
|
|
Provision for post-retirement medical aid |
|
|
53,2 |
|
15,4 |
|
| |
|
|
|
|
|
Depreciation |
|
|
679,1 |
|
706,8 |
|
| |
|
|
|
|
|
Share-based payment expenses |
|
|
105,4 |
|
134,2 |
|
| (11,1) |
|
26,7 |
|
|
|
Other non-cash items |
|
|
77,4 |
|
103,3 |
|
| (23,4) |
|
(8,5) |
|
|
|
Cash operating profit/(loss) |
|
|
4 541,2 |
|
4 311,3 |
|
| |
|
|
|
B |
|
Working capital changes |
|
|
|
|
|
|
| |
|
|
|
|
|
Decrease/(increase) in inventories |
|
|
64,0 |
|
(179,3) |
|
| (3,1) |
|
(9,7) |
|
|
|
(Increase)/decrease in trade and other receivables |
|
|
(685,8) |
|
183,8 |
|
| (8,2) |
|
(13,6) |
|
|
|
Increase/(decrease) in trade and other payables |
|
|
273,8 |
|
(341,7) |
|
| (11,3) |
|
(23,3) |
|
|
|
Working capital changes |
|
|
(348,0) |
|
(337,2) |
|
| |
|
|
|
C |
|
Taxation paid |
|
|
|
|
|
|
| – |
|
4,0 |
|
|
|
Amounts (payable)/receivable at the beginning of the year, net |
|
|
(108,0) |
|
(123,0) |
|
| |
|
|
|
|
|
Income statement charge: |
|
|
|
|
|
|
| (42,5) |
|
(25,1) |
|
|
|
– Continuing operations |
|
|
(832,4) |
|
(836,6) |
|
| |
|
|
|
|
|
– Discontinued operation |
|
|
(3,4) |
|
(1,4) |
|
| (3,7) |
|
(5,3) |
|
|
|
Deferred tax |
|
|
(220,7) |
|
(106,1) |
|
| |
|
|
|
|
|
Adjustment for businesses acquired |
|
|
– |
|
(31,1) |
|
| |
|
|
|
|
|
Balances classified as held-for-sale |
|
|
– |
|
9,9 |
|
| |
|
|
|
|
|
Exchange rate difference and other non-cash items |
|
|
3,7 |
|
(5,9) |
|
| 1,8 |
|
– |
|
|
|
Amounts payable at the end of the year, net |
|
|
193,5 |
|
108,0 |
|
| (44,4) |
|
(26,4) |
|
|
|
Total taxation paid |
|
|
(967,3) |
|
(986,2) |
|
| |
|
|
|
D |
|
Dividends paid |
|
|
|
|
|
|
| (1 658,7) |
|
(1 621,0) |
|
|
|
Per statement of changes in equity |
|
|
(1 446,5) |
|
(1 416,2) |
|
| |
|
|
|
|
|
Dividends paid to outside shareholders |
|
|
(20,7) |
|
(9,9) |
|
| (1 658,7) |
|
(1 621,0) |
|
|
|
Total dividends paid |
|
|
(1 467,2) |
|
(1 426,1) |
|
| |
|
|
|
E |
|
Purchase of property, plant and equipment |
|
|
|
|
|
|
| |
|
|
|
|
|
Expansion |
|
|
(427,7) |
|
(187,3) |
|
| |
|
|
|
|
|
Replacement |
|
|
(555,2) |
|
(540,3) |
|
| |
|
|
|
|
|
|
|
|
(982,9) |
|
(727,6) |
|
| |
|
|
|
F |
|
Cash cost of businesses acquired |
|
|
|
|
|
|
| |
|
|
|
|
|
Property, plant and equipment |
|
|
– |
|
(2 370,8) |
|
| |
|
|
|
|
|
Goodwill |
|
|
– |
|
(646,3) |
|
| |
|
|
|
|
|
Intangibles |
|
|
– |
|
(134,1) |
|
| |
|
|
|
|
|
Inventories |
|
|
– |
|
(868,0) |
|
| |
|
|
|
|
|
Trade and other receivables |
|
|
– |
|
(728,9) |
|
| |
|
|
|
|
|
Cash and cash equivalents |
|
|
– |
|
32,4 |
|
| |
|
|
|
|
|
Long-term borrowings |
|
|
– |
|
497,2 |
|
| |
|
|
|
|
|
Short-term borrowings |
|
|
– |
|
968,2 |
|
| |
|
|
|
|
|
Trade and other payables |
|
|
– |
|
1 064,5 |
|
| |
|
|
|
|
|
Taxation and deferred taxation |
|
|
– |
|
171,2 |
|
| |
|
|
|
|
|
Non-controlling interest |
|
|
– |
|
529,6 |
|
| – |
|
(1 485,0) |
|
|
|
Total cost of businesses acquired |
|
|
– |
|
(1 485,0) |
|
| – |
|
(27,6) |
|
|
|
Amounts owing from vendors |
|
|
– |
|
(27,6) |
|
| – |
|
– |
|
|
|
Add: Cash and cash equivalents acquired |
|
|
– |
|
(32,4) |
|
| – |
|
(1 512,6) |
|
|
|
Cash cost of businesses acquired |
|
|
– |
|
(1 545,0) |
|
| |
|
|
|
G |
|
Increase in shareholder funding |
|
|
|
|
|
|
| 22,1 |
|
17,8 |
|
|
|
Proceeds from issue of share capital |
|
|
22,1 |
|
17,8 |
|
| 22,1 |
|
17,8 |
|
|
|
|
|
|
22,1 |
|
17,8 |
|
| |
|
|
|
H |
|
Cash and cash equivalents at the beginning of the year |
|
|
|
|
|
|
| 64,8 |
|
391,6 |
|
|
|
Cash resources |
|
|
632,9 |
|
371,1 |
|
| |
|
|
|
|
|
Short-term borrowings regarded as cash and cash equivalents |
|
|
(2 726,8) |
|
(1 106,1) |
|
| 64,8 |
|
391,6 |
|
|
|
|
|
|
(2 093,9) |
|
(735,0) |
|
| |
|
|
|
I |
|
Cash and cash equivalents at the end of the year |
|
|
|
|
|
|
| 270,0 |
|
64,8 |
|
|
|
Cash resources |
|
|
1 160,3 |
|
632,9 |
|
| |
|
|
|
|
|
Short-term borrowings regarded as cash and cash equivalents |
|
|
(3 086,2) |
|
(2 726,8) |
|
| 270,0 |
|
64,8 |
|
|
|
|
|
|
(1 925,9) |
|
(2 093,9) |
|
|
* The amounts have been restated due to the adoption of IAS 19R. |
| |
|
