| |
Audited |
Audited |
| |
31 December |
31 December |
| |
2008 |
2007* |
| |
R000 |
R000 |
| Cash generated from operations |
4 312 221 |
1 909 710 |
| Net interest paid |
(175 360) |
(130 525) |
| Net dividends paid |
(604 394) |
(330 707) |
| Taxation paid |
(176 571) |
(46 721) |
| |
3 355 896 |
1 401 757 |
| Net bank advances to customers and other short-term negotiables |
116 561 |
171 301 |
| Net cash flows from operating activities |
3 472 457 |
1 573 058 |
| Acquisition of ships, property, terminals, vehicles and equipment and investments |
(2 158 501) |
(1 822 794) |
| Proceeds from disposal of property, terminals, vehicles and equipment |
|
|
| and investments |
340 624 |
72 635 |
| Intangible assets acquired |
(916) |
(5 491) |
| Loans advanced to associate companies |
(15 415) |
– |
| Net cash flows used in investing activities |
(1 834 208) |
(1 755 650) |
| Repurchase of ordinary share capital |
(212 936) |
– |
| Proceeds from issue of ordinary share capital |
3 044 |
6 509 |
| Long-term borrowings raised |
643 072 |
484 111 |
| Payment of capital portion of long-term borrowings |
(637 433) |
(411 519) |
| Short-term loans (repaid)/raised |
(436 589) |
92 563 |
| Net cash flows (used in)/from financing activities |
(640 842) |
171 664 |
| Net increase/(decrease) in cash and cash equivalents |
997 407 |
(10 928) |
| Cash and cash equivalents at beginning of the year |
711 739 |
732 055 |
| Difference arising on translation |
265 960 |
(9 388) |
| Cash and cash equivalents at end of the year |
1 975 106 |
711 739 |
| * Restated due to the application of the revised International Accounting Standards 7 and 16. |
