Annual Report for the year ended 30 June 2009
   
 
   
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Company statement of cash flows for the year ended 30 June 2009  
 
     
 
  Notes   2009  
R’million  
2008  
R’million  
CASH FLOWS FROM OPERATING ACTIVITIES      
Cash generated from operations A   (906,9)  136,4  
Financing costs paid B   (39,3)  (24,0) 
Investment income received C   2 735,5   1 769,4  
Tax paid D   (62,1)  (31,7) 
Net cash generated from operating activities   1 727,2   1 850,1  
CASH FLOWS FROM INVESTING ACTIVITIES      
Replacement capital expenditure – property, plant and equipment   (0,2)  —  
Expansion capital expenditure – property, plant and equipment   (0,3)  (0,8) 
Expansion capital expenditure – intangible assets   (8,1)  (1,8) 
Proceeds on disposal of intangible assets   —   51,6  
Decrease in other non-current financial receivables   1,4   1,2  
Increase in investments in subsidiaries and joint ventures   (1 594,1)  (1 617,7) 
Movement in loans owing by Group companies   (28,3)  (73,6) 
Redemption of investment in preference shares   —   376,8  
Net cash used in investing activities   (1 629,6)  (1 264,3) 
CASH FLOWS FROM FINANCING ACTIVITIES      
Repayment of borrowings   —   (105,4) 
Repayment of deferred-payables   —   (50,0) 
Proceeds from issue of ordinary shares   90,6   56,1  
Treasury shares cancelled   (5,4)  —  
Capital distribution paid   —   (273,2) 
Movement in loans owing to Group companies   (8,5)  (0,5) 
Net cash generated from/(used in) financing activities   76,7   (373,0) 
CASH AND CASH EQUIVALENTS      
Movement in cash and cash equivalents   174,3   212,8  
Cash and cash equivalents at the beginning of the year   639,9   427,1  
Cash and cash equivalents at the end of the year   814,2   639,9  
 
     
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