Full integrated annual report - African Bank - Investoreports

African Bank Investments Limited
Group statement of cash fl ows
for the year ended 30 September 2011
R million 2011 2010
Cash generated from operations 7 746 5 698
Cash received from lending, sale of merchandise and insurance
activities and cash reserves 18 329 15 662
Recoveries on advances previously written off
Cash paid to funders, employees, suppliers and insurance
213 103
benefi ciaries (10 796) (10 067)
Increase in gross advances (13 605) (7 658)
(Increase)/decrease in working capital (398) 205
Increase in inventories (34) (103)
(Increase)/decrease in other assets (577) 8
Increase in other liabilities 213 300
Indirect and direct taxation paid (1 288) (794)
Cash infl ow from equity accounted incentive transactions 2 2
Cash outfl ow from operating activities (7 543) (2 547)
Cash outfl ow from investing activities (1 252) (493)
Acquisition of property and equipment (to maintain operations) (483) (277)
Acquisition of joint venture advances book 0 (19)
Disposal of property and equipment 80 240
Disposal of investment 1 0
Disposal of option 0 15
Other investing activities (850) (452)
Cash infl ow from fi nancing activities 8 688 2 760
Cash infl ow from funding activities 9 972 4 284
Issue of preference shares 236 0
Preference shareholders’ payments and transactions (32) (36)
Ordinary shareholders’ payments and transactions (1 488) (1 488)
Decrease in cash and cash equivalents (107) (280)
Cash and cash equivalents at the beginning of the year 3 716 3 996
Cash and cash equivalents at the end of the year 3 609 3 716
Made up as follows:
Short term deposits and cash 3 198 3 410
Statutory cash reserves – insurance 411 306
3 609 3 716
Integrated report 2011 | African Bank Investments Limited 57