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| Currently viewing: Group statement of cash flows / Next: Notes to the group annual financial statements |
Group statement of cash flows
FOR THE YEAR ENDED 31 MAY 2011
| Note | 2011 R’000 |
2010 R’000 |
|||||
| Cash flows from operating activities | |||||||
| Cash received from customers | 18 674 256 | 16 938 988 | |||||
| Cash paid to suppliers and employees | (18 108 203) | (16 315 996) | |||||
| Cash generated by operations | 25 | 566 053 | 622 992 | ||||
| Interest received | 22 | 50 645 | 84 130 | ||||
| Interest paid | 22 | (8 221) | (5 131) | ||||
| Taxation paid | 26 | (180 814) | (186 081) | ||||
| Net cash flows from operating activities | 427 663 | 515 910 | |||||
| Cash flows from investing activities | |||||||
| Proceeds on disposal of intangible assets | — | 5 093 | |||||
| Acquisition of intangible assets | (112 661) | (91 444) | |||||
| Acquisition of financial assets at fair value through profit or loss | — | (140) | |||||
| Disposal of subsidiaries net of cash disposed | 27 | (1 274) | (2 244) | ||||
| Loans (advanced to)/repaid by associates and joint ventures | (1 373) | 1 456 | |||||
| Loans repaid/(advanced) | 37 313 | (5 668) | |||||
| Dividends received from associates and joint ventures | 1 416 | — | |||||
| Proceeds on disposal of property, plant and equipment | 2 676 | 12 320 | |||||
| Acquisition of property, plant and equipment | (73 535) | (104 373) | |||||
| Net cash flows from investing activities | (147 438) | (185 000) | |||||
| Cash flows from financing activities | |||||||
| Interest-bearing borrowings raised | 1 193 | 2 155 | |||||
| Proceeds from issue of shares* | — | 1 120 | |||||
| Acquisition of treasury shares | (8 790) | (26 558) | |||||
| Dividends paid to non-controlling interest | (950) | (2 912) | |||||
| Dividends paid | (91 457) | — | |||||
| Net cash flows from financing activities | (100 004) | (26 195) | |||||
| Increase in cash and cash equivalents | 180 221 | 304 715 | |||||
| Cash and cash equivalents at the beginning of the year | 2 054 902 | 1 756 806 | |||||
| Translation difference | (8 953) | (6 619) | |||||
| Cash and cash equivalents at the end of the year | 14 | 2 226 170 | 2 054 902 |
| * | This relates to shares issued to non-controlling interests in a subsidiary company. |
| During the prior year dividends paid to non-controlling interest were included in investing activities. These amounts have been reclassified to financing activities. |