CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2012
| ALL MONETARY AMOUNTS ARE EXPRESSED IN MILLIONS OF RANDS |
Notes |
|
2012 |
|
2011 |
|
| Cash flows from operating activities |
|
|
|
|
|
|
| Receipts from customers |
|
|
37 064,9 |
|
32 881,6 |
|
| Payments to suppliers and employees |
|
|
(38 645,1) |
|
(32 010,0) |
|
| Cash (utilised in)/generated from operations |
33 |
|
(1 580,2) |
|
871,6 |
|
| Interest received |
|
|
106,8 |
|
105,6 |
|
| Interest paid |
|
|
(387,7) |
|
(357,8) |
|
| Taxation paid |
34 |
|
(429,0) |
|
(286,0) |
|
| Operating cash flow |
|
|
(2 290,1) |
|
333,4 |
|
| Dividends paid to owners of Murray & Roberts Holdings Limited |
|
|
(7,6) |
|
(186,5) |
|
| Dividends paid to non-controlling interests |
|
|
(75,0) |
|
(87,3) |
|
| Net cash (outflow)/inflow from operating activities |
|
|
(2 372,7) |
|
59,6 |
|
| Cash flows from investing activities |
|
|
|
|
|
|
| Acquisition of businesses |
35 |
|
(14,6) |
|
(70,1) |
|
| Acquisition of share capital in start up company |
|
|
(10,3) |
|
– |
|
| Dividends received from associate companies |
6 |
|
45,6 |
|
24,5 |
|
| Acquisition of non-controlling interests |
|
|
(48,0) |
|
– |
|
| Acquisition of associates |
|
|
(132,8) |
|
(7,1) |
|
| Acquisition of investments |
|
|
(67,0) |
|
– |
|
| Acquisition of other investments by discontinued operations |
|
|
(40,0) |
|
– |
|
| Purchase of investment property |
|
|
(20,0) |
|
– |
|
| Purchase of intangible assets other than goodwill |
|
|
(16,5) |
|
(11,5) |
|
| Purchase of property, plant and equipment by discontinued operations |
|
|
(34,4) |
|
(35,2) |
|
| Purchase of property, plant and equipment |
|
|
(958,7) |
|
(832,4) |
|
| Replacements |
|
|
(569,0) |
|
(465,0) |
|
| Additions |
|
|
(389,7) |
|
(367,4) |
|
| Proceeds on disposal of property, plant and equipment |
|
|
163,7 |
|
131,8 |
|
| Proceeds on disposal of businesses |
35 |
|
822,6 |
|
– |
|
| Proceeds on disposal of assets held-for-sale |
|
|
126,6 |
|
635,4 |
|
| Proceeds on disposal of investments in associates |
|
|
15,3 |
|
– |
|
| Advance payment received in respect of investment disposal |
|
|
– |
|
170,0 |
|
| Cash related to acquisition/ disposal of businesses |
|
|
(270,5) |
|
– |
|
| Cash related to assets held-for-sale |
|
|
258,2 |
|
(110,6) |
|
| Proceeds from loan repayments and dividends received |
|
|
165,0 |
|
44,5 |
|
| Other |
|
|
1,8 |
|
(1,7) |
|
| Net cash outflow from investing activities |
|
|
(14,0) |
|
(62,4) |
|
| Cash flows from financing activities |
|
|
|
|
|
|
| Net movement in borrowings |
36 |
|
342,1 |
|
529,4 |
|
| Proceeds from rights issue to shareholders (net of transaction costs) |
|
|
1 910,0 |
|
– |
|
| Net acquisition of treasury shares |
|
|
43,2 |
|
19,8 |
|
| Proceeds on share issue to non-controlling interests |
|
|
22,5 |
|
– |
|
| Net cash inflow from financing activities |
|
|
2 317,8 |
|
549,2 |
|
| Net (decrease)/increase in net cash and cash equivalents |
|
|
(68,9) |
|
546,4 |
|
| Net cash and cash equivalents at beginning of year |
|
|
3 053,8 |
|
2 566,2 |
|
| Effect of foreign exchange rates |
|
|
365,0 |
|
(58,8) |
|
| Net cash and cash equivalents at end of year |
11 |
|
3 349,9 |
|
3 053,8 |
|
|
