UNAUDITED INTERIM CONDENSED CONSOLIDATED RESULTS
for the half-year ended 30 September 2009
Condensed Consolidated Cash Flow Statement
| Sept 2009 | Sept 2008 | Mar 2009 | |
| Unaudited | Unaudited | Audited | |
| Rm | Rm | Rm | |
| Cash flows from operating activities | |||
| Operating profit before working capital changes (note 10) | 301,8 | 353,2 | 945,7 |
| (Increase) decrease in working capital | (196,6) | 94,8 | (34,2) |
| Cash generated by operations | 105,2 | 448,0 | 911,5 |
| Increase in private label card receivables | (42,9) | (123,4) | (248,5) |
| Increase in loan receivables | (64,3) | (121,7) | (272,0) |
| Interest received | 721,9 | 602,6 | 1 300,7 |
| Interest paid | (135,6) | (109,2) | (249,8) |
| Taxation paid | (265,4) | (253,3) | (551,3) |
| Dividends received | 7,2 | 3,9 | 19,1 |
| Dividends paid | (361,7) | (347,8) | (589,8) |
| Net cash (outflows) inflows from operating activities | (35,6) | 99,1 | 319,9 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipment | (175,1) | (177,9) | (370,6) |
| Proceeds from sale of property, plant and equipment | 3,3 | 2,4 | 3,7 |
| Acquisition of client list | – | (0,2) | (0,2) |
| Dividend from associate | – | 0,8 | – |
| Acquisition of Massdiscounters credit business | – | (175,0) | (175,0) |
| Decrease in participation in export partnerships | 2,1 | 3,6 | 5,8 |
| Decrease in staff housing loans | 0,1 | 0,1 | 0,1 |
| Net cash outflows from investing activities | (169,6) | (346,2) | (536,2) |
| Cash flows from financing activities | |||
| Proceeds on delivery of shares by share trust | 20,0 | 0,6 | 88,3 |
| (Decrease) increase in non-controlling interest loans | (118,5) | 173,0 | 288,0 |
| Increase in non-recourse debt | 150,0 | – | – |
| Increase (decrease) in interest-bearing debt | 73,3 | 78,8 | (33,3) |
| Net cash inflows from financing activities | 124,8 | 252,4 | 343,0 |
| Net (decrease) increase in cash during the period | (80,4) | 5,3 | 126,7 |
| Cash at the beginning of the period | 296,2 | 63,4 | 169,5 |
| Cash at the end of the period | 215,8 | 68,7 | 296,2 |
