Statement of cash flows
International Financial Reporting Standards Basis
Figures are in millions unless otherwise state
| |
SOUTH AFRICAN RAND |
December |
|
September |
|
December |
|
December |
|
December |
|
| 2010 |
|
2009 |
|
2010 |
|
| |
Cash flows from operating activities |
3,889.3 |
|
2,250.7 |
|
2,105.1 |
|
6,140.0 |
|
3,368.1 |
|
| |
Profit before royalties, tax and non-recurring items |
2,420.4 |
1,911.2 |
|
1,981.5 |
|
3,077.1 |
|
| |
Non-recurring items |
(2,328.9) |
|
(138.3) |
|
432.0 |
|
(2,467.2) |
|
1,098.8 |
|
| |
Amortisation and depreciation |
1,333.5 |
|
1,442.5 |
|
1,156.0 |
|
2,776.0 |
|
2,329.8 |
|
| |
Change in working capital |
801.9 |
|
(753.2) |
|
(949.2) |
|
48.7 |
|
(1,455.8) |
|
| |
Royalties and taxation paid |
(491.2) |
|
(623.3) |
|
(123.4) |
|
(1,114.5) |
|
(828.0) |
|
| |
Other non-cash items |
2,153.6 |
|
411.8 |
|
(391.8) |
|
(853.8) |
|
| |
Dividends paid |
(148.5) |
|
(494.4) |
|
- |
|
(642.9) |
|
(564.1) |
|
| |
Ordinary shareholders |
- |
(494.4) |
|
- |
|
(564.1) |
|
| |
Non-controlling interest holders |
(148.5) |
|
- |
|
- |
|
- |
|
| |
Cash flows from investing activities |
(2,921.4) |
|
(2,228.0) |
|
(2,008.1) |
|
(5,149.4) |
|
(3,790.0) |
|
| |
Capital expenditure – additions |
(2,414.4) |
(2,225.4) |
|
(1,967.3) |
|
(3,713.6) |
|
| |
Capital expenditure – proceeds on disposal |
8.9 |
|
28.7 |
|
2.5 |
|
37.6 |
|
5.5 |
|
| |
Payment for FSE |
(371.0) |
|
- |
|
- |
|
(371.0) |
|
- |
|
| |
Royalty termination |
- |
|
- |
|
- |
|
- |
|
(1,998.9) |
|
| |
Purchase of investments |
(43.0) |
|
(22.5) |
|
(89.1) |
|
(65.5) |
|
(386.4) |
|
| |
Proceeds on disposal of investments |
2.0 |
|
1.0 |
|
52.7 |
|
3.0 |
|
2,319.0 |
|
| |
Environmental and post-retirement health care payments |
(103.9) |
|
(9.8) |
|
(6.9) |
|
(15.6) |
|
| |
Cash flows from financing activities |
358.0 |
|
1,188.8 |
|
(631.2) |
|
1,546.8 |
|
12.8 |
|
| |
Loans received |
6,776.3 |
4,013.1 |
|
3,800.0 |
|
7,169.4 |
|
| |
Loans repaid |
(6,482.9) |
|
(2,840.1) |
|
(4,455.9) |
|
(9,323.0) |
|
(7,194.5) |
|
| |
Non-controlling interest holders loans received |
62.7 |
|
- |
|
- |
|
62.7 |
|
- |
|
| |
Non-controlling interest holders loans repaid |
(20.5) |
|
- |
|
- |
|
(20.5) |
|
- |
|
| |
Shares issued |
22.4 |
|
15.8 |
|
24.7 |
|
37.9 |
|
| |
|
|
|
|
|
|
|
|
|
| |
Net cash inflow/(outflow) |
1,177.4 |
|
717.1 |
|
(534.2) |
|
1,894.5 |
|
(973.2) |
|
| |
Translation adjustment |
(26.8) |
|
(194.4) |
|
84.6 |
|
(221.2) |
|
(2.5) |
|
| |
Cash at beginning of period |
4,313.2 |
|
3,790.5 |
|
2,277.8 |
|
2,803.9 |
|
| |
Cash at end of period |
5,463.8 |
|
4,313.2 |
|
1,828.2 |
|
1,828.2 |
|
| |
*Cash flow before financing activities and dividend payments |
967.9 |
|
22.7 |
|
97.0 |
|
(421.9) |
|
| |
UNITED STATES DOLLARS |
December |
|
September |
|
December |
|
December |
|
December |
|
| 2010 |
|
2009 |
|
2010 |
|
| |
Cash flows from operating activities |
557.0 |
|
308.0 |
|
279.2 |
|
865.0 |
|
444.5 |
|
| |
Profit before royalties, tax and non-recurring items |
347.0 |
259.7 |
|
262.3 |
|
402.3 |
|
| |
Non-recurring items |
(326.8) |
|
(18.8) |
|
58.3 |
|
(345.6) |
|
143.6 |
|
| |
Amortisation and depreciation |
192.8 |
|
196.0 |
|
154.4 |
|
388.8 |
|
304.5 |
|
| |
Change in working capital |
109.1 |
|
(102.3) |
|
(125.5) |
|
6.8 |
|
(190.3) |
|
| |
Royalties and taxation paid |
(68.4) |
|
(82.6) |
|
(17.8) |
|
(151.0) |
|
(104.0) |
|
| |
Other non-cash items |
303.3 |
|
56.0 |
|
(52.5) |
|
359.3 |
|
(111.6) |
|
| |
Dividends paid |
(20.2) |
|
(67.4) |
|
- |
|
(87.6) |
|
(72.6) |
|
| |
Ordinary shareholders |
- |
(67.4) |
|
- |
|
(72.6) |
|
| |
Non-controlling interest holders |
(20.2) |
|
- |
|
- |
|
(20.2) |
|
- |
|
| |
Cash flows from investing activities |
(420.6) |
|
(302.8) |
|
(267.9) |
|
(723.4) |
|
(486.9) |
|
| |
Capital expenditure – additions |
(347.4) |
(302.4) |
|
(262.1) |
|
(485.4) |
|
| |
Capital expenditure – proceeds on disposal |
1.4 |
|
3.9 |
|
0.3 |
|
5.3 |
|
0.7 |
|
| |
Payment for FSE |
(54.0) |
|
- |
|
- |
|
(54.0) |
|
- |
|
| |
Royalty termination |
- |
|
- |
|
- |
|
- |
|
(257.1) |
|
| |
Purchase of investments |
(6.3) |
|
(3.1) |
|
(12.4) |
|
(9.4) |
|
(49.6) |
|
| |
Proceeds on disposal of investments |
0.3 |
|
0.1 |
|
7.1 |
|
0.4 |
|
306.5 |
|
| |
Environmental and post-retirement health care payments |
(14.6) |
|
(1.3) |
|
(0.8) |
|
(15.9) |
|
(2.0) |
|
| |
Cash flows from financing activities |
55.4 |
|
169.4 |
|
(83.2) |
|
224.8 |
|
(15.0) |
|
| |
Loans received |
986.4 |
557.4 |
|
509.1 |
|
942.1 |
|
| |
Loans repaid |
(940.7) |
|
(390.1) |
|
(595.6) |
|
(1,330.8) |
|
(962.1) |
|
| |
Non-controlling interest holders loans received |
9.3 |
|
- |
|
- |
|
9.3 |
|
- |
|
| |
Non-controlling interest holders loans repaid |
(2.9) |
|
- |
|
- |
|
(2.9) |
|
- |
|
| |
Shares issued |
3.3 |
|
2.1 |
|
3.3 |
|
5.4 |
|
5.0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
Net cash inflow/(outflow) |
171.6 |
|
107.2 |
|
(71.9) |
|
278.8 |
|
(130.0) |
|
| |
Translation adjustment |
24.4 |
|
5.6 |
|
1.8 |
|
30.0 |
|
21.1 |
|
| |
Cash at beginning of period |
613.5 |
|
500.7 |
|
309.1 |
|
500.7 |
|
347.9 |
|
| |
Cash at end of period |
809.5 |
|
613.5 |
|
239.0 |
|
809.5 |
|
239.0 |
|
| |
*Cash flow before financing activities and dividend payments |
136.4 |
|
5.2 |
|
11.3 |
|
141.6 |
|
(42.4) |
|
*Cash flow before financing activities is defined as the sum of cash flows from operating activities and cash flows from investing activities.
|
