Cash Flow Statements
| For the year ended 31 December 2005 |  |
|
|
|
|
Group |
Company |
||||
Note |
2005 |
2004 |
2005 |
2004 |
|
R000 |
R000 |
R000 |
R000 |
||
Restated |
Restated |
||||
Cash retained from operating activities |
|||||
| Cash generated from operations | 187,269 |
327,368 |
184,046 |
323,860 |
|
| Dividends, rental and interest received | 164,737 |
157,351 |
138,803 |
136,351 |
|
| Net increase in working capital | (71,658) |
(61,040) |
(207,138) |
(46,499) |
|
| Cash generated from operating activities | 280,348 |
423,679 |
115,711 |
413,712 |
|
| Taxation paid | (137,036) |
(125,111) |
(127,176) |
(102,458) |
|
| Cash available from/(utilised in) | |||||
| operating activities | 143,312 |
298,568 |
(11,465) |
311,254 |
|
| Dividends paid | (361,732) |
(58,462) |
(361,732) |
(58,462) |
|
(218,420) |
240,106 |
(373,197) |
252,792 |
||
Cash effects of investing activities |
|||||
| Acquisitions: | (903,386) |
(378,569) |
(876,186) |
(345,339) |
|
| Investment property and property for sale | – |
(8,467) |
– |
– |
|
| Government and other approved securities | (831,041) |
(344,886) |
(804,285) |
(320,113) |
|
| Ordinary shares | – |
(4,506) |
– |
(3,577) |
|
| Preference shares | (50,000) |
(1,013) |
(50,000) |
(1,013) |
|
| Investment in subsidiaries | – |
– |
– |
(4,009) |
|
| Property and equipment | (22,345) |
(19,697) |
(21,901) |
(16,627) |
|
| Proceeds on disposal: | 989,822 |
396,526 |
951,583 |
381,881 |
|
| Investment property and property for sale | 38,147 |
14,754 |
– |
1,500 |
|
| Government and other approved securities | 741,637 |
286,128 |
741,637 |
286,128 |
|
| Ordinary shares | 204,942 |
90,459 |
204,942 |
89,921 |
|
| Property and equipment | 5,096 |
5,185 |
5,004 |
4,332 |
|
| Net repayment of mortgages and loans | 1,300 |
1,028 |
1,241 |
1,118 |
|
87,736 |
18,985 |
76,638 |
37,660 |
||
| Net (decrease)/increase in cash and | |||||
| cash equivalents | (130,684) |
259,091 |
(296,559) |
290,452 |
|
| Cash and cash equivalents at beginning | |||||
| of the year | 1,148,212 |
889,121 |
684,445 |
393,993 |
|
| Cash and cash equivalents at end of the period | 1,017,528 |
1,148,212 |
387,886 |
684,445 |
|