| << HOME |
STATEMENTS CASH FLOWS
FOR THE YEARS ENDED 30 JUNE
|
Company |
Group |
||||
| 2000 | 2001 | 2001 | 2000 | ||
| R million | R million | R million | R million | ||
| Cash flow from operations | |||||
| 174.0 | 123.6 |
Income from operations before taxation and interest paid |
343.0 | 488.8 | |
| Reconciled to net cash provided by operations: | |||||
| | | Minority interests | | (18.5) | |
| (9.8) | (55.4) | Interest paid | (114.2) | (20.3) | |
| | | Profit/(loss) on sale of other assets and listed investments | 6.9 | (15.8) | |
| (6.2) | (3.8) | Profit on sale of mining assets | (80.4) | (40.0) | |
| 78.3 | 90.3 | Depreciation and amortisation | 237.0 | 136.2 | |
| | 225.3 | Impairment of assets | 215.1 | | |
| | | Gain on financial instruments | (140.3) | (48.0) | |
| (0.4) | (8.7) | Net (decrease)/increase in provision for environmental rehabilitation | (51.9) | 5.4 | |
| (11.0) | | Net decrease in provision for former employees post-retirement benefits | (17.0) | (27.4) | |
| (54.2) | (3.1) | Other | (2.0) | (0.8) | |
| (9.9) | (7.3) | Income and mining taxes paid | (30.4) | (8.2) | |
| Effect of changes in operating working capital items: | |||||
| (1.8) | (12.8) | Receivables | (273.7) | (48.0) | |
| (10.0) | (87.6) | Inventories | (81.8) | (20.3) | |
| (10.8) | 18.6 | Accounts payable and accrued liabilities | 362.9 | (93.9) | |
| 138.2 | 279.1 | Net cash provided by operations | 373.2 | 289.2 | |
| Cash flow from investing activities | |||||
| | (2.3) | Net increase in amounts invested in environmental trusts | 24 | (5.9) | (5.2) |
| 56.1 | | Decrease in short-term investments | | 64.9 | |
| (49.5) | 49.5 | Restricted cash | 49.5 | (49.5) | |
| | | Cash held by subsidiaries on acquisition | | 64.2 | |
| 21.3 | | Cash advanced by subsidiaries | | | |
| (349.2) | | Cash paid for Randfontein | 24 | | (349.2) |
| (5.5) | | Cash paid for West Rand Cons and Kalgold | 24 | | (5.5) |
| (0.1) | | Cash paid for Harmony Precious Metals Services | |||
| | | Cash paid for New Hampton | 24 | (229.4) | |
| | | Cash paid for Elandskraal | 24 | (1 052.5) | |
| | | Proceeds on disposal of other assets and listed investments | 104.8 | | |
| (7.1) | (2 338.5) | (Increase)/decrease in other non-current investments | (63.9) | 24.4 | |
| 7.0 | 3.7 | Proceeds on disposal of mining assets | 87.8 | 70.0 | |
| (62.0) | (120.3) | Additions to property plant and equipment | (422.4) | (158.4) | |
| (389.0) | (2 407.9) | Net cash utilised in investing activities | (1 532.0) | (344.3) | |
| Cash flows from financing activities | |||||
| 400.0 | 958.6 | Long-term loans raised - net | 467.8 | 353.0 | |
| (83.6) | (119.5) | Dividends paid | (119.5) | (80.8) | |
| | 5.5 | Preference shares issued | 5.5 | | |
| 37.4 | 1 435.4 | Ordinary shares issued net of expenses | 1 435.4 | 37.4 | |
| 353.8 | 2 280.0 | Net cash generated by financing activities | 1 789.2 | 309.6 | |
| 103.0 | 151.2 | Net increase in cash and cash equivalents | 630.4 | 254.5 | |
| 183.6 | 286.6 | Cash and cash equivalents 1 July 2000 | 528.1 | 273.6 | |
| 286.6 | 437.8 | Cash and cash equivalents 30 June 2001 | 1 158.5 | 528.1 | |
|
 |