| R millions |
Six months
ended
31 December
2011
(Reviewed) |
Six months
ended
31 December
2010
(Reviewed) |
Year
ended
30 June
2011
(Audited) |
| Cash flows from operating activities |
|
|
|
| Profit before tax |
5 126 |
3 206 |
9 561 |
| Adjustments to profit before tax |
437 |
1 166 |
1 123 |
| Cash from changes in working capital |
(1 307) |
(1 478) |
(371) |
| Exploration costs |
(32) |
(10) |
(44) |
| Finance cost |
(70) |
(108) |
(179) |
| Income tax paid |
(1 104) |
(780) |
(1 805) |
| Net cash from operating activities |
3 050 |
1 996 |
8 285 |
| Cash flows from investing activities |
|
|
|
| Purchase of property, plant and equipment |
(3 479) |
(2 358) |
(5 293) |
| Proceeds from sale of property, plant and equipment |
7 |
5 |
4 |
| Proceeds from investments disposed |
— |
1 |
— |
| Purchase of investment in associate |
— |
— |
(55) |
| Payment received from associate on shareholders’ loan |
23 |
112 |
272 |
| Loan repayments received |
476 |
127 |
394 |
| Advances granted |
(15) |
— |
(33) |
| Finance income |
110 |
120 |
234 |
| Dividends received |
4 |
— |
5 |
| Net cash used in investing activities |
(2 874) |
(1 993) |
(4 472) |
| Cash flows from financing activities |
|
|
|
| Issue of ordinary shares |
861 |
50 |
77 |
| Lease liability repaid |
(12) |
(9) |
(19) |
| Repayments of borrowings |
(172) |
(464) |
(836) |
| Proceeds from borrowings |
374 |
— |
253 |
| Dividends paid to Company’s shareholders |
(2 546) |
(1 622) |
(2 519) |
| Net cash used in financing activities |
(1 495) |
(2 045) |
(3 044) |
| Net (decrease)/increase in cash and cash equivalents |
(1 319) |
(2 042) |
769 |
| Cash and cash equivalents at beginning of year |
4 542 |
3 858 |
3 858 |
| Effect of exchange rate changes on cash and cash equivalents held in foreign currencies |
111 |
(96) |
(85) |
| Cash and cash equivalents at end of period |
3 334 |
1 720 |
4 542 |
