Abridged consolidated statement of cash flow

View as excel [XLS - 21KB]


 

  Year ended
31 December 2012
Audited
R’000
  Year ended
31 December 2011
Audited
R’000
 
Profit before taxation 76 349   205 147  
Interest paid 29 302   32 853  
Interest received (9 642)   (11 288)  
Depreciation and impairment 217 641   153 113  
Adjusted for non-cash items 2 088   7 368  
Adjusted for working capital changes (31 747)   (43 113)  
Cash flows from operations 283 991   344 080  
Interest paid (29 302)   (29 186)  
Interest received 9 642   10 383  
Tax paid (7 285)   (30 157)  
Cash flows from operating activities 257 046   295 120  
Cash flows from investing activities (603 210)   (404 404)  
Proceeds on disposal of property, plant and equipment 16    
Acquisition of property, plant and equipment – sustaining (179 658)   (173 603)  
Acquisition of property, plant and equipment – expansionary (423 568)   (230 801)  
Cash flows from financing activities 211 094   (44 974)  
Dividends paid   (49 533)  
Secondary tax on companies paid   (4 511)  
Proceeds from issue of shares   9 078  
Increase/(decrease) in non-current borrowings 211 094   (8)  
         
Net decrease in cash and cash equivalents (135 070)   (154 258)  
Cash and cash equivalents at the beginning of the year 220 459   320 724  
Effect of exchange rate fluctuations on cash held (2 746)   53 993  
Cash and cash equivalents at the end of the year 82 643   220 459