Telkom AR front.qxp

Consolidated cash flow statement
for the three years ended March 31, 2009
Telkom Annual Report 2009 145
2007 2008 2009
Notes Rm Rm Rm
Cash flows from operating activities 9,356 10,603 11,432
Cash receipts from customers 50,979 55,627 61,302
Cash paid to suppliers and employees (30,459) (34,371) (40,908)
Cash generated from operations 32 20,520 21,256 20,394
Interest received 422 433 485
Dividends received 6 3 – –
Finance charges paid 33 (1,115) (1,077) (2,164)
Taxation paid 34 (5,690) (4,277) (3,947)
Cash generated from operations before dividend paid 14,140 16,335 14,768
Dividend paid 35 (4,784) (5,732) (3,336)
Cash flows from investing activities (10,412) (14,106) (17,005)
Proceeds on disposal of property, plant and equipment and
intangible assets 54 169 43
Proceeds on disposal of investments 77 8 –
Additions to property, plant and equipment and intangible assets (10,037) (11,657) (13,191)
Acquisition of subsidiaries and minority interest (445) (2,462) (3,778)
Additions to other investments (61) (164) (79)
Cash flows from financing activities (2,920) 2,943 7,093
Loans raised 5,624 23,877 18,168
Loans repaid (6,922) (19,315) (10,212)
Shares bought back and cancelled (1,596) (1,647) –
Finance lease obligation repaid (37) (61) (136)
Decrease/(increase) in net financial assets 11 89 (727)
Net (decrease)/increase in cash and cash equivalents (3,976) (560) 1,520
Net cash and cash equivalents at beginning of the year 4,255 308 (208)
Effect of foreign exchange rate differences 29 44 (30)
Net cash and cash equivalents at end of the year 21 308 (208) 1,282