Consolidated statement of cash flows
for the year ended June 30

 

  Note   2011  
R’000  
    2010  
R’000  
Cash flows from operating activities     4 490 872       4 856 127  
Cash generated by operations   7   8 187 234       7 984 220  
Finance income     69 905       64 408  
Finance charges   8   (629 119)      (724 042) 
Taxation paid   9   (1 577 411)      (1 166 914) 
Distributions to shareholders   10   (1 559 737)      (1 301 545) 
Cash effects of investment activities     (3 877 688)      (4 846 526) 
Amounts repaid by (advanced to) associates     4 113       (5 680) 
Investments disposed of     163 027       149 099  
Investments acquired     (572 007)      (244 445) 
Additions to property, plant and equipment     (2 733 592)      (2 730 411) 
Additions to vehicle rental fleet     (1 177 255)      (1 150 070) 
Additions to intangible assets     (241 185)      (149 880) 
Proceeds on disposal of property, plant and equipment     210 361       398 169  
Proceeds on disposal of vehicle rental fleet     894 315       767 248  
Proceeds on disposal of intangible assets     3 796       9 762  
Acquisition of businesses, subsidiaries and associates   11   (459 955)      (1 951 556) 
Proceeds on disposal of interests in subsidiaries and associates, and disposal and closure of businesses   12   30 694       61 238  
Cash effects of financing activities     (735 423)      1 732 990  
Proceeds from share issues            
– Company     –       1 233 119  
– subsidiaries     –       300 772  
Purchase of shares     (1 581 285)      (24 975) 
Costs incurred on cancelation of treasury shares     (11 980)       
Sale of treasury shares     154 739       48 689  
Borrowings raised     6 497 065       7 513 034  
Borrowings repaid     (5 793 962)      (7 337 649) 
Net increase (decrease) in cash and cash equivalents     (122 239)      1 742 591  
Cash and cash equivalents at beginning of year     2 905 453       1 239 538  
Effects of exchange rate fluctuations on cash and cash equivalents     25 829       (76 676) 
Cash and cash equivalents at end of year     2 809 043       2 905 453  
Cash and cash equivalents comprise            
Cash and cash equivalents   24   4 437 268       4 138 722  
Bank overdrafts included in short-term portion of borrowings   28   (1 628 225)      (1 233 269) 
    2 809 043       2 905 453  
 

 

 

Next page >>