Unaudited Unaudited Audited
  30 June 30 June* 31 December
  2012 2011 2011
  R000 R000 R000
Operating profit before changes in working capital 451 654 422 123 1 069 342
Working capital changes 438 976 (537 950) (1 264 377)
Cash generated from/(utilised in) operations 890 630 (115 827) (195 035)
Net interest received/(paid) 25 108 (38 735) (125 180)
Net dividends paid (62 355) (150 999) (230 115)
Taxation paid (43 079) (27 228) (63 004)
  810 304 (332 789) (613 334)
Net bank deposits from customers and other short-term negotiables 555 896 281 974 453 489
Net cash flows generated from/(utilised in) operating activities before ships sales and purchases 1 366 200 (50 815) (159 845)
Cash receipts on cancelled ships 16 290
Capital expenditure on ships and locomotives (148 686) (498 917) (842 831)
Net cash flows generated from/(utilised in) operating activities 1 233 804 (549 732) (1 002 676)
Acquisition of property, terminals, vehicles and equipment and investments (167 298) (52 532) (296 837)
Net proceeds on acquisition of investments 149 152
Proceeds from disposal of property, terminals, vehicles and equipment and investments 419 296 14 341 80 872
Acquisition of other investments (143 120) (21 476) (23 657)
Proceeds from repayment of share capital by joint venture 262 235
Intangible assets acquired (6 035) (529) (2 903)
Proceeds from disposal of intangible assets 3 180
Acquisition of joint ventures (321 492)
Loans repaid by/(advanced to) joint venture and associate companies 484 (13 249)
Net cash flows (utilised in)/generated from investing activities (66 317) (59 712) 6 461
Proceeds from issue of ordinary share capital 5 900 358 1 983 803
Proceeds from disposal of treasury shares 1 945
Long-term interest-bearing debt raised 542 448 407 555 1 548 382
Payment of capital portion of long-term interest-bearing debt (521 161) (443 579) (708 718)
Short-term interest-bearing debt (issued)/raised (362 046) 475 819 179 130
Net cash flows (utilised in)/generated from financing activities (334 859) 440 153 3 004 542
Net increase/(decrease) in cash and cash equivalents 832 628 (169 291) 2 008 327
Cash and equivalents at beginning of the period 2 901 050 903 846 903 846
Difference arising on translation (15 731) (1 045) (11 123)
Cash and cash equivalents at end of the period 3 717 947 733 510 2 901 050
* Restated due to the early adoption of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IAS 27 (as revised in 2011) Separate Financial Statements IAS 28 (as revised in2011) Investments in Associates and 12 Disclosure of and IFRS Other Interests in Entities. Ventures Joint