| |
30 June |
30 June |
31 December |
| |
(Unaudited) |
(Unaudited) |
(Audited) |
| |
2010 |
2009* |
2009 |
| |
R000 |
R000 |
R000 |
| Cash generated from operations |
392 909 |
584 213 |
917 747 |
| Net interest paid |
(22 926) |
(72 940) |
(91 367) |
| Net dividends paid |
(166 318) |
(278 224) |
(460 868) |
| Taxation paid |
(99 275) |
(164 864) |
(240 459) |
| |
104 390 |
68 185 |
125 053 |
| Net bank advances to customers and other short-term negotiables |
(240 089) |
(151 510) |
(150 013) |
| Net cash flows utilised in operating activities before ship and locomotive sales and purchases |
(135 699) |
(83 325) |
(24 960) |
| Net proceeds on disposal of ships and locomotives |
11 632 |
430 464 |
756 728 |
| |
Proceeds on disposal of ships and locomotives |
11 632 |
541 957 |
1 257 467 |
| |
Cash payments on ship options exercised |
– |
(111 493) |
(500 739) |
| Capital expenditure on ships and locomotives |
(608 498) |
(581 488) |
(793 207) |
| Net cash flows utilised in operating activities |
(732 565) |
(234 349) |
(61 439) |
| Acquisition of property, terminals, vehicles and equipment and investments |
(398 615) |
(219 328) |
(578 139) |
| Proceeds from disposal of property, terminals, vehicles and equipment and investments |
28 395 |
56 766 |
51 498 |
| Intangible assets acquired |
(4 753) |
(1 253) |
(36 283) |
| Loans repaid by joint venture and associate companies |
– |
– |
27 386 |
| Disposal of investment in subsidiary utilised |
(4 632) |
– |
– |
| Net cash flows used in investing activities |
(379 605) |
(163 815) |
(535 538) |
| Proceeds from issue of ordinary share capital |
384 |
8 359 |
13 209 |
| Proceeds on disposal of treasury shares |
3 078 |
– |
– |
| Minority investment in subsidiary |
– |
– |
3 780 |
| Loan from minority shareholders |
– |
– |
15 853 |
| Long-term borrowings raised |
326 317 |
224 581 |
591 700 |
| Payment of capital portion of long-term borrowings |
(159 516) |
(102 122) |
(447 341) |
| Short-term loan (repaid)/raised |
(42 009) |
(20 973) |
381 783 |
| Net cash flows from financing activities |
128 254 |
109 845 |
558 984 |
| Net decrease in cash and cash equivalents |
(983 916) |
(288 319) |
(37 993) |
| Cash and cash equivalents at beginning of the period |
1 669 282 |
1 975 106 |
1 975 106 |
| Difference arising on translation |
15 814 |
(216 325) |
(267 831) |
| Cash and cash equivalents at end of the period |
701 180 |
1 470 462 |
1 669 282 |
| * Restated due to a reallocation in relation to IAS 7 Cash Flow Statements. |
| |
Previous |
|
Restated |
| |
30 June |
|
30 June |
| |
(Unaudited) |
|
(Unaudited) |
| |
2009 |
IAS 7 |
2009* |
| |
R000 |
R000 |
R000 |
| Cash generated from operations |
1 014 677 |
(430 464) |
584 213 |
| Net interest paid |
(72 940) |
|
(72 940) |
| Net dividends paid |
(278 224) |
|
(278 224) |
| Taxation paid |
(164 864) |
|
(164 864) |
| |
498 649 |
(430 464) |
68 185 |
| Net bank advances to customers and other short-term negotiables |
(151 510) |
|
(151 510) |
| Net cash flows from/(utilised in) operating activities before ships sales and purchases |
347 139 |
(430 464) |
(83 325) |
| Net proceeds on disposal of ships |
– |
430 464 |
430 464 |
| |
Proceeds on disposal of ships |
– |
541 957 |
541 957 |
| |
Cash payments on ship options excercised |
– |
(111 493) |
(111 493) |
| Capital expenditure on ships |
– |
(581 488) |
(581 488) |
| Net cash flows from/(utilised in) operating activities |
347 139 |
(581 488) |
(234 349) |
| Acquisition of property, terminals, vehicles and equipment and investments |
(800 816) |
581 488 |
(219 328) |
| Proceeds from disposal of property, terminals, vehicles and equipment and investments |
56 766 |
|
56 766 |
| Intangible assets acquired |
(1 253) |
|
(1 253) |
| Net cash flows used in investing activities |
(745 303) |
581 488 |
(163 815) |
| * |
Restated due to the requirement of IAS 7 Cash Flow Statements which states that capital expenditure relating to dual purpose assets should be reallocated from investing activities to operating activities. |
|
