Annual Report - JD Group

Group cash flow statement
32
Restated
2004 2003
for the year ended 31 August Note Rm Rm
Cash flows from operating activities 908 385
Cash generated by trading a 1 453 816
Increase in working capital b (38) (108)
Cash generated by operations 1 415 708
Investment income 24 15
Finance costs – net c (144) (163)
Taxation paid d (123) (103)
Cash available from operating activities 1 172 457
Dividends paid e (264) (72)
Cash flows from investing activities (72) (111)
Acquisition of Profurn f – (26)
Acquisition of outside shareholders in BoConcept – (20)
Proceeds on disposal of BoConcept g 24 –
Investment and loan receipts 13 16
Proceeds on disposal of property, plant and equipment 24 18
Additions to property, plant and equipment (133) (99)
Cash flows from financing activities 49 8
Proceeds on issue of shares (odd lot offer) – (1)
Proceeds on disposal of treasury shares by share incentive trusts 77 3
Long term bank borrowings raised 347 240
Long term bank borrowings repaid (482) (181)
Finance lease liabilities raised 200 –
Finance lease liabilities repaid (93) (53)
Net increase in cash and cash equivalents 885 282
Cash and cash equivalents at beginning of year 443 161
Cash and cash equivalents at end of year h 1 328 443