Statement of cash flows
International Financial Reporting Standards Basis
Figures are in millions unless otherwise stated
| |
South African Rand |
Quarter |
|
Six months to |
|
| |
|
June
2012 |
|
March
2012 |
|
June
2011 |
|
June
2012 |
|
June
2011 |
|
| |
Cash flows from operating activities |
4,194.5 |
|
2,742.2 |
|
2,954.2 |
|
6,936.7 |
|
5,736.7 |
|
| |
Profit before royalties, tax and non-recurring items |
3,107.6 |
|
3,303.6 |
|
2,716.5 |
|
6,411.2 |
|
5,168.6 |
|
| |
Non-recurring items |
(135.1) |
|
(78.9) |
|
(100.6) |
|
(214.0) |
|
(183.2) |
|
| |
Amortisation and depreciation |
1,577.0 |
|
1,522.0 |
|
1,277.2 |
|
3,099.0 |
|
2,517.2 |
|
| |
South Deep BEE dividend paid |
(20.0) |
|
- |
|
- |
|
(20.0) |
|
(21.4) |
|
| |
Change in working capital |
711.0 |
|
(519.0) |
|
47.8 |
|
192.0 |
|
(242.8) |
|
| |
Royalties and taxation paid |
(1,296.3) |
|
(1,635.6) |
|
(984.9) |
|
(2,931.9) |
|
(1,646.9) |
|
| |
Other non-cash items |
250.3 |
|
150.1 |
|
(1.8) |
|
400.4 |
|
145.2 |
|
| |
Dividends paid |
(1.9) |
|
(1,701.5) |
|
(7.3) |
|
(1,703.4) |
|
(571.7) |
|
| |
Owners of the parent |
- |
|
(1,677.3) |
|
- |
|
(1,677.3) |
|
(505.8) |
|
| |
Non-controlling interest holders |
(1.9) |
|
(24.2) |
|
(7.3) |
|
(26.1) |
|
(65.9) |
|
| |
Cash flows from investing activities |
(3,362.4) |
|
(3,488.8) |
|
(8,029.7) |
|
(6,851.2) |
|
(11,452.1) |
|
| |
Capital expenditure – additions |
(3,330.0) |
|
(2,649.7) |
|
(2,285.0) |
|
(5,979.7) |
|
(4,353.6) |
|
| |
Capital expenditure – proceeds on disposal |
0.9 |
|
1.7 |
|
8.2 |
|
2.6 |
|
16.9 |
|
| |
Payment for FSE |
- |
|
(833.8) |
|
- |
|
(833.8) |
|
- |
|
| |
La Cima non-controlling interest buy-out |
- |
|
(0.1) |
|
(1,242.6) |
|
(0.1) |
|
(2,611.0) |
|
| |
Ghana non-controlling interest buy-out |
- |
|
- |
|
(4,519.7) |
|
- |
|
(4,519.7) |
|
| |
Purchase of investments |
(5.5) |
|
(1.0) |
|
- |
|
(6.5) |
|
(0.7) |
|
| |
Proceeds on disposal of investments |
4.3 |
|
4.4 |
|
12.0 |
|
8.7 |
|
23.5 |
|
| |
Environmental and post-retirement health care payments |
(32.1) |
|
(10.3) |
|
(2.6) |
|
(42.4) |
|
(7.5) |
|
| |
Cash flows from financing activities |
371.2 |
|
1,744.4 |
|
2,795.2 |
|
2,115.6 |
|
5,073.0 |
|
| |
Loans received |
6,232.3 |
|
1,833.8 |
|
3,927.3 |
|
8,066.1 |
|
7,099.1 |
|
| |
Loans repaid |
(5,904.9) |
|
(136.9) |
|
(1,184.6) |
|
(6,041.8) |
|
(2,134.3) |
|
| |
Non-controlling interest holders’ loans received |
33.6 |
|
45.8 |
|
46.6 |
|
79.4 |
|
88.5 |
|
| |
Shares issued |
10.2 |
|
1.7 |
|
5.9 |
|
11.9 |
|
19.7 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
Net cash inflow/(outflow) |
1,201.4 |
|
(703.7) |
|
(2,287.6) |
|
497.7 |
|
(1,214.1) |
|
| |
Translation adjustment |
315.3 |
|
(193.4) |
|
29.4 |
|
121.9 |
|
95.3 |
|
| |
Cash at beginning of period |
5,151.9 |
|
6,049.0 |
|
6,603.2 |
|
6,049.0 |
|
5,463.8 |
|
| |
Cash at end of period |
6,668.6 |
|
5,151.9 |
|
4,345.0 |
|
6,668.6 |
|
4,345.0 |
|
| |
Cash flow from operating activities less capital expenditure – additions |
864.5 |
|
92.5 |
|
669.2 |
|
957.0 |
|
1,383.1 |
|
| |
United States Dollars |
Quarter |
|
Six months to |
|
| |
|
June
2012 |
|
March
2012 |
|
June
2011 |
|
June
2012 |
|
June
2011 |
|
| |
Cash flows from operating activities |
514.0 |
|
359.8 |
|
435.5 |
|
873.8 |
|
833.1 |
|
| |
Profit before royalties, tax and non-recurring items |
384.4 |
|
425.1 |
|
399.9 |
|
809.5 |
|
751.2 |
|
| |
Non-recurring items |
(16.8) |
|
(10.2) |
|
(14.8) |
|
(27.0) |
|
(26.6) |
|
| |
Amortisation and depreciation |
195.4 |
|
195.9 |
|
188.2 |
|
391.3 |
|
365.9 |
|
| |
South Deep BEE dividend paid |
(2.5) |
|
- |
|
- |
|
(2.5) |
|
(3.1) |
|
| |
Change in working capital |
91.0 |
|
(66.8) |
|
6.3 |
|
24.2 |
|
(35.3) |
|
| |
Royalties and taxation paid |
(168.8) |
|
(203.5) |
|
(144.1) |
|
(372.3) |
|
(240.1) |
|
| |
Other non-cash items |
31.3 |
|
19.3 |
|
- |
|
50.6 |
|
21.1 |
|
| |
Dividends paid |
(0.2) |
|
(224.5) |
|
(1.1) |
|
(224.7) |
|
(83.0) |
|
| |
Owners of the parent |
- |
|
(221.5) |
|
- |
|
(221.5) |
|
(73.2) |
|
| |
Non-controlling interest holders |
(0.2) |
|
(3.0) |
|
(1.1) |
|
(3.2) |
|
(9.8) |
|
| |
Cash flows from investing activities |
(418.2) |
|
(451.6) |
|
(1,185.1) |
|
(869.8) |
|
(1,677.2) |
|
| |
Capital expenditure – additions |
(414.0) |
|
(341.0) |
|
(336.4) |
|
(755.0) |
|
(632.8) |
|
| |
Capital expenditure – proceeds on disposal |
0.1 |
|
0.2 |
|
1.3 |
|
0.3 |
|
2.5 |
|
| |
Payment for FSE |
- |
|
(110.0) |
|
- |
|
(110.0) |
|
- |
|
| |
La Cima non-controlling interest buy-out |
- |
|
- |
|
(184.4) |
|
- |
|
(382.1) |
|
| |
Ghana non-controlling interest buy-out |
- |
|
- |
|
(667.0) |
|
- |
|
(667.0) |
|
| |
Purchase of investments |
(0.7) |
|
(0.1) |
|
- |
|
(0.8) |
|
(0.1) |
|
| |
Proceeds on disposal of investments |
0.5 |
|
0.6 |
|
1.8 |
|
1.1 |
|
3.4 |
|
| |
Environmental and post-retirement health care payments |
(4.1) |
|
(1.3) |
|
(0.4) |
|
(5.4) |
|
(1.1) |
|
| |
Cash flows from financing activities |
46.4 |
|
230.0 |
|
403.9 |
|
276.4 |
|
734.1 |
|
| |
Loans received |
793.0 |
|
241.9 |
|
570.0 |
|
1,034.9 |
|
1,028.2 |
|
| |
Loans repaid |
(752.0) |
|
(18.0) |
|
(173.8) |
|
(770.0) |
|
(309.9) |
|
| |
Non-controlling interest holders’ loans received |
4.1 |
|
5.9 |
|
6.8 |
|
10.0 |
|
12.9 |
|
| |
Shares issued |
1.3 |
|
0.2 |
|
0.9 |
|
1.5 |
|
2.9 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
Net cash inflow/(outflow) |
142.0 |
|
(86.3) |
|
(346.8) |
|
55.7 |
|
(193.0) |
|
| |
Translation adjustment |
(26.9) |
|
22.0 |
|
23.2 |
|
(4.9) |
|
14.1 |
|
| |
Cash at beginning of period |
679.7 |
|
744.0 |
|
954.2 |
|
744.0 |
|
809.5 |
|
| |
Cash at end of period |
794.8 |
|
679.7 |
|
630.6 |
|
794.8 |
|
630.6 |
|
| |
Cash flow from operating activities less capital expenditure – additions |
100.0 |
|
18.8 |
|
99.1 |
|
118.8 |
|
200.3 |
|
|
