| |
|
Note |
2008
Rm’s |
2007
Rm’s |
| |
Cash flows from operating activities |
|
|
|
| |
Cash receipts from customers |
|
1 |
— |
| |
Cash paid to suppliers and employees |
|
(2) |
(1) |
| |
Cash utilised by operations |
13 |
(1) |
(1) |
| |
Management fees received |
|
1 |
3 |
| |
Dividends received |
|
121 |
112 |
| |
Taxation paid |
14 |
(9) |
(10) |
| |
|
|
112 |
104 |
| |
Dividends paid |
15 |
(87) |
(97) |
| |
Net cash flows from operating activities |
|
25 |
7 |
| |
Cash flows from investing activities |
|
|
|
| |
Purchase of available-for-sale investments |
|
(281) |
— |
| |
Loan granted to BEE share trust |
|
(121) |
— |
| |
Net cash flows utilised by investing activities |
|
(402) |
— |
| |
Cash flows from financing activities |
|
|
|
| |
Increase in stated capital |
|
402 |
— |
| |
Share issue expenses relating to BEE transaction |
|
(12) |
— |
| |
Increase in amounts owing by subsidiaries |
|
(32) |
(9) |
| |
Net cash flows generated/(utilised) by financing activities |
|
358 |
(9) |
| |
Movement in cash and cash equivalents for the year |
|
(19) |
(2) |
| |
Cash and cash equivalents at beginning of year |
|
19 |
21 |
| |
Cash and cash equivalents at end of year |
10 |
— |
19 |
