Annual Report for the year ended 30 June 2009
   
 
   
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Company notes to the statement of cash flows for the year ended 30 June 2009  
 
     
 
    2009  
R’million  
    2008  
R’million  
A. CASH GENERATED FROM OPERATIONS        
  Operating profit 213,4       92,1  
  Amortisation of intangible assets 36,3       74,5  
  Depreciation 0,6       0,6  
  Impairment of intangible assets 13,6       1,3  
  Reversal of impairment losses (0,1)      —  
  Profit on disposal of intangible assets —       (40,8) 
  Share-based payment expense – employees 6,4       4,6  
  Repurchase treasury shares (1 194,1)      —  
  Cash operating profit (923,9)      132,3  
  Changes in working capital 17,0       4,1  
  Decrease in trade and other receivables 5,2       0,8  
  Increase in trade and other payables 11,8       3,3  
    (906,9)      136,4  
B. FINANCING COSTS PAID        
  Interest paid —       (13,8) 
  Preference share dividends paid (38,3)      (38,1) 
  Net foreign exchange (losses)/gains (1,0)      27,9  
    (39,3)      (24,0) 
C. INVESTMENT INCOME RECEIVED        
  Dividends received from subsidiaries and joint venture 2 665,6       1 647,8  
  Preference share dividends received —       33,3  
  Interest received 69,9       88,3  
    2 735,5       1 769,4  
D. TAX PAID        
  Amounts unpaid at the beginning of the year (24,2)      (10,0) 
  Charge per the income statement (excluding deferred tax) (67,8)      (49,4) 
  Tax claims credited to equity in respect of share schemes 0,7       3,5  
  Amounts unpaid at the end of the year 29,2       24,2  
    (62,1)      (31,7) 
 
     
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