GROUP |
COMPANY |
||||
2011 |
2010 |
2011 |
2010 |
||
Notes |
R’000 |
R’000 |
R’000 |
R’000 |
|
Operating activities |
|||||
Receipts from customers and clients |
1 527 418 |
1 869 209 |
383 |
1 690 |
|
Payments to suppliers and employees |
(1 399 382) |
(1 486 619) |
(5 803) |
(3 748) |
|
Cash generated from/(utilised in) operations |
32 |
128 036 |
382 590 |
(5 420) |
(2 058) |
Interest received in cash |
33 |
7 541 |
16 463 |
10 374 |
22 683 |
Interest paid in cash |
34 |
(41 759) |
(101 382) |
(1 676) |
(5 945) |
Taxation paid |
35 |
(3 312) |
(29 388) |
(2 238) |
(5 401) |
Net cash inflow from operating activities |
90 506 |
268 283 |
1 040 |
9 279 |
|
Investing activities |
|||||
Additions to property, plant and equipment |
(89 950) |
(196 989) |
– |
– |
|
– to expand operations |
(5 402) |
(151 215) |
– |
– |
|
– to maintain operations |
(84 548) |
(45 774) |
– |
– |
|
Proceeds from disposal of property, plant and equipment |
36 |
92 199 |
15 201 |
– |
– |
Net increase in amounts owing by subsidiaries |
– |
– |
(215 905) |
(158 613) |
|
Net cash inflow/(outflow) from investing activities |
2 249 |
(181 788) |
(215 905) |
(158 613) |
|
Financing activities |
|||||
Net proceeds from issue of shares |
290 824 |
– |
290 824 |
– |
|
Vendor loans repaid |
(43 500) |
(8 000) |
(43 500) |
(8 000) |
|
Interest-bearing liabilities raised |
89 186 |
85 245 |
– |
– |
|
Interest-bearing liabilities repaid |
(416 272) |
(345 889) |
– |
– |
|
Net cash (outflow)/inflow from financing activities |
(79 762) |
(268 644) |
247 324 |
(8 000) |
|
Net increase/(decrease) in cash and cash equivalents |
12 993 |
(182 149) |
32 459 |
(157 334) |
|
Cash and cash equivalents at the beginning of the year |
104 775 |
286 924 |
20 008 |
177 342 |
|
Cash and cash equivalents at the end of the year |
117 768 |
104 775 |
52 467 |
20 008 |
|
Bank and cash balances |
127 029 |
136 447 |
52 467 |
20 008 |
|
Bank overdrafts |
(9 261) |
(31 672) |
– |
– |
|
Cash and cash equivalents at the end of the year |
117 768 |
104 775 |
52 467 |
20 008 |
|
