Consolidated statement of cash flows

 

(Rm)	Six months  ended   31 December   2013   (Reviewed)	Six months   ended   31 December   2012   (Restated   reviewed)*	Year ended   30 June   2013   (Restated   audited)*
Cash flows from operating activities
Cash generated from operations	2 686	3 633	6 784
Exploration cost	(10)	(20)	(47)
Finance cost	(151)	(186)	(149)
Income tax paid	(648)	(452)	(1 016)
Net cash from operating activities	1 877	2 975	5 572
Cash flows from investing activities
Purchase of property, plant and equipment	(2 720)	(3 142)	(6 219)
Proceeds from sale of property, plant and equipment	30	56	97
Purchase of investment in subsidiary	–	–	(57)
Payment received from associate on shareholders’ loan	–	–	49
Proceed from sale of held-to-maturity investment	–	–	21
Loans granted	(6)	(6)	(7)
Loan repayments received	8	180	30
Prepayments refunded	–	47	–
Finance income	162	99	217
Dividends received	231	5	97
Net cash used in investing activities	(2 295)	(2 761)	(5 772)
Cash flows from financing activities
Issue of ordinary shares	1	9	36
Repayments of borrowings	(29)	(68)	(132)
Proceeds from borrowings	–	–	4 638
Dividends paid to Company’s shareholders	(371)	(366)	(580)
Net cash used in financing activities	(399)	(425)	3 962
Net increase/(decrease) in cash and cash equivalents	(817)	(211)	3 762
Cash and cash equivalents at beginning of period	4 256	482	482
Effect of exchange rate changes on cash and cash equivalents held in foreign currencies	8	4	12
Cash and cash equivalents at end of period**	3 447	275	4 256

*	The audited June 2013 annual results and the reviewed December 2012 interim results were restated as a result of IFRS 11 Joint Arrangements, which has become effective. This standard requires that the investment in Mimosa, previously proportionately consolidated, be equity accounted. The restatements to the comparative information have not been audited
**	Net of bank overdraft.

The notes here are an integral part of these condensed interim financial statements.