| R’000 |
Notes |
2003 |
2002 |
| Cash effects of operating activities |
|
|
|
| Operating profit before working capital changes |
31.1 |
513 820 |
418 834 |
| Working capital changes |
31.2 |
38 893 |
(10 705) |
| Cash generated by operations |
|
552 713 |
408 129 |
| Net interest paid |
31.3 |
(84 117) |
(67 220) |
| Taxation paid |
31.4 |
(87 145) |
(89 508) |
| Cash inflow from operating activities |
|
381 451 |
251 401 |
| Distributions to ordinary shareholders |
|
(44 243) |
(37 736) |
| Net cash effects of operating activities |
|
337 208 |
213 665 |
| Cash effects of investing activities |
|
|
|
| Investment in property, plant and equipment to maintain and |
|
|
|
| expand operations |
|
(203 005) |
(158 005) |
| Acquisition of subsidiaries and businesses |
31.5 |
(4 141) |
(89 723) |
| Proceeds on disposal of property, plant and equipment |
|
4 411 |
6 668 |
| Increase in loans |
|
(64 766) |
(68 974) |
| Net cash outflow from investing activities |
|
(267 501) |
(310 034) |
| Cash effects of financing activities |
|
|
|
| Shareholders’ funds raised |
31.6 |
8 719 |
14 149 |
| Long-term borrowings – raised |
|
180 230 |
– |
| Long-term borrowings – repaid |
|
– |
(13 432) |
| Net cash effects of financing activities |
|
188 949 |
717 |
| Net increase/(decrease) in cash and cash equivalents |
|
258 656 |
(95 652) |
| Adjustment for foreign exchange fluctuation |
|
(3 869) |
2 575 |
| Cash and cash equivalents at beginning of the year |
|
(108 583) |
(15 506) |
| Cash and cash equivalents at end of the year |
31.7 |
146 204 |
(108 583) |
