Statement of cash flows
International Financial Reporting Standards Basis
Figures are in millions unless otherwise stated
|
South African Rand |
|
Quarter |
|
Nine months to |
|
|
|
September
2012 |
|
June
2012 |
|
September
2011 |
|
September
2012 |
|
September
2011 |
|
|
Cash flows from operating activities |
|
1,449.0 |
|
4,194.5 |
|
5,056.5 |
|
8,385.7 |
|
10,793.2 |
|
|
Profit before royalties, tax and non-recurring items |
|
2,618.1 |
|
3,107.6 |
|
3,853.5 |
|
9,029.3 |
|
9,022.1 |
|
|
Non-recurring items |
|
93.9 |
|
(135.1) |
|
(167.2) |
|
(120.1) |
|
(350.4) |
|
|
Amortisation and depreciation |
|
1,591.3 |
|
1,577.0 |
|
1,377.4 |
|
4,690.3 |
|
3,894.6 |
|
|
South Deep BEE dividend paid |
|
- |
|
(20.0) |
|
- |
|
(20.0) |
|
(21.4) |
|
|
Change in working capital |
|
(1,336.0) |
|
711.0 |
|
372.7 |
|
(1,144.0) |
|
129.9 |
|
|
Royalties and taxation paid |
|
(1,459.4) |
|
(1,296.3) |
|
(689.0) |
|
(4,391.3) |
|
(2,335.9) |
|
|
Other non-cash items |
|
(58.9) |
|
250.3 |
|
309.1 |
|
341.5 |
|
454.3 |
|
|
Dividends paid |
|
(1,195.9) |
|
(1.9) |
|
(870.5) |
|
(2,899.3) |
|
(1,442.2) |
|
|
Owners of the parent |
|
(1,169.0) |
|
- |
|
(723.6) |
|
(2,846.3) |
|
(1,229.4) |
|
|
Non-controlling interest holders |
|
(26.9) |
|
(1.9) |
|
(146.9) |
|
(53.0) |
|
(212.8) |
|
|
Cash flows from investing activities |
|
(3,196.1) |
|
(3,362.4) |
|
(3,161.1) |
|
(10,047.3) |
|
(14,613.2) |
|
|
Capital expenditure – additions |
|
(3,632.3) |
|
(3,330.0) |
|
(2,607.4) |
|
(9,612.0) |
|
(6,961.0) |
|
|
Capital expenditure – proceeds on disposal |
|
8.7 |
|
0.9 |
|
0.6 |
|
11.3 |
|
17.5 |
|
|
Payment for FSE |
|
- |
|
- |
|
(534.6) |
|
(833.8) |
|
(534.6) |
|
|
La Cima non-controlling interest buy-out |
|
- |
|
- |
|
- |
|
(0.1) |
|
(2,611.0) |
|
|
Ghana non-controlling interest buy-out |
|
- |
|
- |
|
- |
|
- |
|
(4,519.7) |
|
|
Talas non-controlling interest buy-out |
|
(83.1) |
|
- |
|
- |
|
(83.1) |
|
- |
|
|
Purchase of investments |
|
- |
|
(5.5) |
|
- |
|
(6.5) |
|
(0.7) |
|
|
Proceeds on disposal of investments |
|
513.9 |
|
4.3 |
|
13.3 |
|
522.6 |
|
36.8 |
|
|
Environmental and post-retirement health care payments |
|
(3.3) |
|
(32.1) |
|
(33.0) |
|
(45.7) |
|
(40.5) |
|
|
Cash flows from financing activities |
|
284.2 |
|
371.2 |
|
(1,431.3) |
|
2,399.8 |
|
3,641.7 |
|
|
Loans received |
|
1,780.0 |
|
6,232.3 |
|
400.0 |
|
9,846.1 |
|
7,499.1 |
|
|
Loans repaid |
|
(1,592.8) |
|
(5,904.9) |
|
(1,905.2) |
|
(7,634.6) |
|
(4,039.5) |
|
|
Non-controlling interest holders’ loans received |
|
94.8 |
|
33.6 |
|
64.0 |
|
174.2 |
|
152.5 |
|
|
Shares issued |
|
2.2 |
|
10.2 |
|
9.9 |
|
14.1 |
|
29.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (outflow)/inflow |
|
(2,658.8) |
|
1,201.4 |
|
(406.4) |
|
(2,161.1) |
|
(1,620.5) |
|
|
Translation adjustment |
|
75.2 |
|
315.3 |
|
496.1 |
|
197.1 |
|
591.4 |
|
|
Cash at beginning of period |
|
6,668.6 |
|
5,151.9 |
|
4,345.0 |
|
6,049.0 |
|
5,463.8 |
|
|
Cash at end of period |
|
4,085.0 |
|
6,668.6 |
|
4,434.7 |
|
4,085.0 |
|
4,434.7 |
|
|
Cash flow from operating activities less capital expenditure – additions |
|
(2,183.3) |
|
864.5 |
|
2,449.1 |
|
(1,226.3) |
|
3,832.2 |
|
|
United States Dollars |
|
Quarter |
|
Nine months to |
|
|
|
September
2012 |
|
June
2012 |
|
September
2011 |
|
September
2012 |
|
September
2011 |
|
|
Cash flows from operating activities |
|
172.3 |
|
514.0 |
|
716.5 |
|
1,046.1 |
|
1,549.6 |
|
|
Profit before royalties, tax and non-recurring items |
|
314.9 |
|
384.4 |
|
548.7 |
|
1,124.4 |
|
1,299.9 |
|
|
Non-recurring items |
|
12.0 |
|
(16.8) |
|
(23.9) |
|
(15.0) |
|
(50.5) |
|
|
Amortisation and depreciation |
|
192.8 |
|
195.4 |
|
195.3 |
|
584.1 |
|
561.2 |
|
|
South Deep BEE dividend paid |
|
- |
|
(2.5) |
|
- |
|
(2.5) |
|
(3.1) |
|
|
Change in working capital |
|
(166.7) |
|
91.0 |
|
54.0 |
|
(142.5) |
|
18.7 |
|
|
Royalties and taxation paid |
|
(172.6) |
|
(168.8) |
|
(102.0) |
|
(544.9) |
|
(342.1) |
|
|
Other non-cash items |
|
(8.1) |
|
31.3 |
|
44.4 |
|
42.5 |
|
65.5 |
|
|
Dividends paid |
|
(146.0) |
|
(0.2) |
|
(122.8) |
|
(370.7) |
|
(205.8) |
|
|
Owners of the parent |
|
(142.7) |
|
- |
|
(101.7) |
|
(364.2) |
|
(174.9) |
|
|
Non-controlling interest holders |
|
(3.3) |
|
(0.2) |
|
(21.1) |
|
(6.5) |
|
(30.9) |
|
|
Cash flows from investing activities |
|
(387.2) |
|
(418.2) |
|
(439.0) |
|
(1,257.0) |
|
(2,116.2) |
|
|
Capital expenditure – additions |
|
(442.0) |
|
(414.0) |
|
(370.2) |
|
(1,197.0) |
|
(1,003.0) |
|
|
Capital expenditure – proceeds on disposal |
|
1.1 |
|
0.1 |
|
- |
|
1.4 |
|
2.5 |
|
|
Payment for FSE |
|
- |
|
- |
|
(66.0) |
|
(110.0) |
|
(66.0) |
|
|
La Cima non-controlling interest buy-out |
|
- |
|
- |
|
- |
|
- |
|
(382.1) |
|
|
Ghana non-controlling interest buy-out |
|
- |
|
- |
|
- |
|
- |
|
(667.0) |
|
|
Talas non-controlling interest buy-out |
|
(10.0) |
|
- |
|
- |
|
(10.0) |
|
- |
|
|
Purchase of investments |
|
- |
|
(0.7) |
|
- |
|
(0.8) |
|
(0.1) |
|
|
Proceeds on disposal of investments |
|
64.0 |
|
0.5 |
|
1.9 |
|
65.1 |
|
5.3 |
|
|
Environmental and post-retirement health care payments |
|
(0.3) |
|
(4.1) |
|
(4.7) |
|
(5.7) |
|
(5.8) |
|
|
Cash flows from financing activities |
|
33.9 |
|
46.4 |
|
(184.5) |
|
310.3 |
|
549.6 |
|
|
Loans received |
|
215.2 |
|
793.0 |
|
56.7 |
|
1,250.1 |
|
1,084.9 |
|
|
Loans repaid |
|
(193.0) |
|
(752.0) |
|
(251.7) |
|
(963.0) |
|
(561.6) |
|
|
Non-controlling interest holders’ loans received |
|
11.4 |
|
4.1 |
|
9.1 |
|
21.4 |
|
22.0 |
|
|
Shares issued |
|
0.3 |
|
1.3 |
|
1.4 |
|
1.8 |
|
4.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (outflow)/inflow |
|
(327.0) |
|
142.0 |
|
(29.8) |
|
(271.3) |
|
(222.8) |
|
|
Translation adjustment |
|
26.2 |
|
(26.9) |
|
(53.3) |
|
21.3 |
|
(39.2) |
|
|
Cash at beginning of period |
|
794.8 |
|
679.7 |
|
630.6 |
|
744.0 |
|
809.5 |
|
|
Cash at end of period |
|
494.0 |
|
794.8 |
|
547.5 |
|
494.0 |
|
547.5 |
|
|
Cash flow from operating activities less capital expenditure – additions |
|
(269.7) |
|
100.0 |
|
346.3 |
|
(150.9) |
|
546.6 |
|
#Cash at the end of December 2012 of R5,618.5 million comprised cash attributable to continuing operations of R5,195.6 million and cash attributable to discontinued operations of
R422.9 million.
|