Group financial statements

Group cash flow statement

For the year ended 31 December

2005	2006	Figures in million	Notes	2006	2005
SA Rands				US Dollars
		Cash flows from operating activities
17,175	21,237	Receipts from customers		3,134	2,707
(12,907)	(12,438)	Payments to suppliers and employees		(1,853)	(2,034)
4,268	8,799	Cash generated from operations	36	1,281	673
(188)	(6)	Cash utilised by discontinued operations		(1)	(31)
(188)	(968)	Taxation paid	35	(143)	(30)
3,892	7,825	Net cash inflow from operating activities		1,137	612
		Cash flows from investing activities
		Capital expenditure	16
(1,721)	(2,117)	– project expenditure		(313)	(270)
(2,879)	(3,416)	– stay-in-business expenditure		(504)	(452)
53	393	Proceeds from disposal of tangible assets		57	8
27	63	Proceeds from disposal of assets of discontinued operations		9	4
(83)	(471)	Other investments acquired		(71)	(12)
(93)	(63)	Associate loans and acquisitions		(9)	(15)
7	449	Proceeds from disposal of investments		66	1
112	(19)	Cash restricted for use		(3)	17
113	173	Interest received		25	18
(45)	(5)	Loans advanced		(1)	(7)
38	38	Repayment of loans advanced		6	6
(415)	–	Utilised in hedge restructure		–	(69)
(4,886)	(4,975)	Net cash outflow from investing activities		(738)	(771)
		Cash flows from financing activities
60	3,068	Proceeds from issue of share capital		512	9
–	(32)	Share issue expenses		(5)	–
4,194	1,525	Proceeds from borrowings		226	659
(2,183)	(3,957)	Repayment of borrowings		(623)	(343)
(471)	(586)	Finance costs		(88)	(74)
(1,051)	(913)	Dividends paid		(132)	(169)
549	(895)	Net cash (outflow) inflow from financing activities		(110)	82
(445)	1,955	Net increase (decrease) in cash and cash equivalents		289	(77)
143	184	Translation		(3)	(3)
1,630	1,328	Cash and cash equivalents at beginning of year		209	289
1,328	3,467	Cash and cash equivalents at end of year	25	495	209

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