Consolidated statement of cash flows
for the year ended June 30
     
 
  Note 2010  
R’000  
  2009  
R’000  
Cash flows from operating activities     4 856 127     3 322 584  
Cash generated by operations   7   7 984 220     6 748 868  
Finance income     64 408     40 982  
Finance charges   8   (724 042)    (1 065 811) 
Taxation paid   9   (1 166 914)    (1 223 496) 
Distributions to shareholders   10   (1 301 545)    (1 177 959) 
Cash flows from investing activities     (4 846 526)    (1 862 306) 
Amounts advanced to associates     (5 680)    (3 489) 
Investments disposed of     149 099     579 315  
Investments acquired     (244 445)    (544 559) 
Additions to property, plant and equipment     (2 730 411)    (2 241 322) 
Additions to vehicle rental fleet     (1 150 070)    (826 972) 
Additions to intangible assets     (149 880)    (184 928) 
Proceeds on disposal of property, plant and equipment     398 169     280 646  
Proceeds on disposal of vehicle rental fleet     767 248     669 795  
Proceeds on disposal of intangible assets     9 762     2 293  
Acquisition of businesses, subsidiaries and associates   11   (1 951 556)    (243 001) 
Proceeds on disposal of interests in subsidiaries and associates,
and disposal and closure of businesses  
12   61 238     649 916  
Cash flows from financing activities     1 732 990     (278 123) 
Proceeds from share issues          
– Company     1 233 119     51 116  
– subsidiaries     300 772     –  
Purchase of treasury shares     (24 975)    (64 803) 
Sale of treasury shares     48 689     58 432  
Borrowings raised     7 513 034     2 906 368  
Borrowings repaid     (7 337 649)    (3 229 236) 
Net increase in cash and cash equivalents     1 742 591     1 182 155  
Cash and cash equivalents at beginning of year     1 239 538     308 554  
Effects of exchange rate fluctuations on cash and cash equivalents     (76 676)    (251 171) 
Cash and cash equivalents at end of year     2 905 453     1 239 538  
Cash and cash equivalents comprise          
Cash and cash equivalents   24   4 138 722     3 212 425  
Bank overdrafts included in short-term portion of borrowings   28   (1 233 269)    (1 972 887) 
    2 905 453     1 239 538