| Foschini Limited and its subsidiaries |
|
2009 |
2008 |
| |
Note |
Rm |
Rm |
| Cash flows from operating activities |
|
|
|
| Operating profit before working capital changes |
36.1 |
945,7 |
1 074,2 |
| Increase in working capital |
36.2 |
(34,2) |
(568,3) |
| Cash generated by operations |
|
911,5 |
505,9 |
| Increase in private label card receivables |
|
(248,5) |
(241,6) |
| (Increase) decrease in loan receivables |
|
(272,0) |
150,3 |
| Interest received |
|
1 300,7 |
1 056,4 |
| Interest paid |
|
(249,8) |
(120,1) |
| Taxation paid |
36.3 |
(551,3) |
(735,1) |
| Dividends received |
|
19,1 |
17,2 |
| Dividends paid |
36.4 |
(589,8) |
(677,4) |
| Net cash inflows (outflows) from operating activities |
|
319,9 |
(44,4) |
| Cash flows from investing activities |
|
|
|
| Purchase of property, plant and equipment |
|
(370,6) |
(274,4) |
| Proceeds from sale of property, plant and equipment |
|
3,7 |
6,4 |
| Acquisition of client list |
|
(0,2) |
(1,8) |
| Investment in associate |
|
– |
(6,1) |
| Acquisition of Massdiscounters credit business |
36.5 |
(175,0) |
– |
| Decrease in participation in export partnerships |
|
5,8 |
10,6 |
| Decrease in staff housing loans |
|
0,1 |
1,6 |
| Proceeds on dilution of interest in subsidiary |
|
– |
211,5 |
| Net cash outflows from investing activities |
|
(536,2) |
(52,2) |
| Cash flows from financing activities |
|
|
|
| Shares purchased by share trust and subsidiary |
|
– |
(760,4) |
| Proceeds on delivery of shares by share trust |
|
88,3 |
109,5 |
| Increase in minority interest loans |
|
288,0 |
105,5 |
| (Decrease) increase in interest-bearing debt |
|
(33,3) |
609,2 |
| Net cash inflows from financing activities |
|
343,0 |
63,8 |
| Net increase (decrease) in cash during the year |
|
126,7 |
(32,8) |
| Cash at the beginning of the year |
|
169,5 |
202,3 |
| Cash at the end of the year |
|
296,2 |
169,5 |
