group cash flow statement
for the year ended 31 May 2008
| |
|
|
|
|
31 May |
|
| |
|
|
31 May |
|
2007 |
|
| |
|
|
2008 |
|
Predecessor |
|
| |
|
|
Actual |
|
value |
|
| |
|
|
audited |
|
audited |
|
| |
Note |
|
R’000 |
|
R’000 |
|
| Cash flows from operating activities |
|
|
|
|
|
|
| Cash received from customers |
|
|
12 193 526 |
|
8 616 303 |
|
| Cash paid to suppliers and employees |
|
|
(12 272 774) |
|
(8 411 815) |
|
| |
|
|
|
|
|
|
| Cash generated by operations |
22 |
|
(79 248) |
|
204 488 |
|
| Interest received |
19 |
|
177 377 |
|
83 314 |
|
| Interest paid |
19 |
|
(46 575) |
|
(62 942) |
|
| Taxation paid |
23 |
|
(71 350) |
|
(55 890) |
|
| Net cash flows from operating activities |
|
|
(19 796) |
|
168 970 |
|
| Cash flows from investing activities |
|
|
|
|
|
|
| Proceeds on disposal of shares in associate |
|
|
— |
|
17 160 |
|
| Proceeds on disposal of intangible assets |
|
|
889 |
|
3 224 |
|
| Acquisition of intangible assets |
|
|
(22 898) |
|
(11 286) |
|
| Acquisition of financial assets at fair value through profit or loss |
|
|
(1 391) |
|
(7 561) |
|
| Proceeds on disposal of financial assets at fair value through profit or loss |
|
|
11 722 |
|
6 893 |
|
| Exercise of share warrants in associate |
6 |
|
(7 021) |
|
— |
|
| Acquisition of business combinations net of cash acquired |
24 |
|
(313 364) |
|
704 285 |
|
| Loans advanced to associates |
|
|
(38 618) |
|
(14 222) |
|
| Dividends received |
|
|
120 |
|
3 570 |
|
| Proceeds on disposal of property, plant and equipment |
|
|
12 642 |
|
3 915 |
|
| Acquisition of property, plant and equipment |
|
|
(47 238) |
|
(21 595) |
|
| Net cash flows from investing activities |
|
|
(405 157) |
|
684 383 |
|
| Cash flows from financing activities |
|
|
|
|
|
|
| (Repayment of) /proceeds from interest bearing borrowings |
|
|
(590 076) |
|
203 446 |
|
| (Repayment of) /proceeds from non-interest-bearing borrowings |
|
|
(28 031) |
|
33 245 |
|
| Proceeds from issue of shares |
|
|
1 319 613 |
|
— |
|
| Share issue costs |
|
|
(39 724) |
|
— |
|
| Net cash flows from financing activities |
|
|
661 782 |
|
236 691 |
|
| Increase in cash and cash equivalents |
|
|
236 829 |
|
1 090 044 |
|
| Cash and cash equivalents at the beginning of the year |
|
|
1 090 044 |
|
— |
|
| Translation difference |
|
|
1 421 |
|
— |
|
| Cash and cash equivalents at the end of the year |
12 |
|
1 328 294 |
|
1 090 044 |
|
|
