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Financial - Cash flow statements



Statements of cash flows
for the year ended 31 March 2010

    Group Company
  Notes 2010
R'000
2009
R'000
2010
R'000
2009
R'000

Cash flows from operating activities          
Cash (utilised in)/generated from operations 27.1 (8 474) (129 638) (1 650) 4 208
Finance costs   (11 290) (11 871) (12 161) (8 932)
Interest income   19 532 32 361 13 019 10 069
Dividends received   41 - 2 780 54 058
Taxation paid 27.2 (14 878) (31 528) (948) (4 593)
Dividends paid 27.3 (10 767) (12 983) (11 491) (13 488)

Cash (utilised in)/generated from operating
activities
  (25 836) (153 659) (10 451) 41 322

Cash flows from investing activities        
Proceeds on sale of equipment   116 467 1 545
Additions to equipment   (4 011) (20 060) (797) (16 238)
Additions to intangible assets   (309) (3 431) - -
Increase in amounts owing by subsidiaries   - - (17 500) (45 653)
Acquisition of subsidiary, net of cash acquired 28 751 (1 072) - -
Acquisition of associate   (66) - - -
Proceeds on sale of investments    2 520  - - -
Additional settlement on BEE deal   111 383 111 383
Purchase of investments   - - (21 704) (8 532)

Cash utilised in investing activities   (888) (23 713) (39 889) (69 495)

Cash flows from financing activities        
Cancellation of ordinary shares   - (10 953) - (10 953)
Increase/(decrease) in amounts owing to subsidiaries   - - (2 997) 30 303
Treasury stock acquired   (414) (29 616) - -
Treasury stock issued   22 470 22 147 - -
Long-term loans raised   55 235 - 56 886 -
Long-term loans repaid   - (6 880) - -

Cash generated from/(utilised in) financing activities   77 291 (25 302) 53 889 19 350

Net increase/(decrease) in cash and cash equivalents   50 567 (202 674) 3 459 (8 823)
Cash transferred to held for sale 22 (36 999) - - -
Cash and cash equivalents at the beginning
of the year
  197 150 398 818 (1 163) 7 660
Effect of exchange rate fluctuations on cash held   (26 569) 1 006 - -

Cash and cash equivalents at the end of the year 21 184 149 197 150 2 386 (1 163)

Cash and cash equivalents   193 368 200 485 2 386 246
Bank overdraft   (9 219) (3 335) - (1 409)

    184 149 197 150 2 386 (1 163)

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