4.0 - Imperial

group cash flow statement
for the year ended 30 June
2009 2008
Notes Rm Rm
Financial Statements
Cash flows from operating activities
Cash receipt from customers 55 552 68 416
Cash paid to suppliers and employees (49 799) (62 727)
Cash generated by operations 35a 5 753 5 689
Cash generated by operations – continuing businesses 5 187 3 633
Cash generated by operations – discontinued businesses 566 2 056
Net financing costs (961) (1 426)
Taxation paid (739) (1 396)
4 053 2 867
Cash flows from investing activities
Proceeds (expenditure) from discontinued operations 1 418 3 123
Sale of Tourvest 35c 1 003
Sale of Safair Lease Finance 337
Net capital proceeds (expenditure) 78 (2 384)
Net unbundling and disposal of subsidiaries and businesses 35c 5 507
Net expenditure from continuing operations
Acquisition of subsidiaries and businesses 35b (351) (490)
Disposal of subsidiaries and businesses 35c 11 355
Expansion capital expenditure (640) (1 595)
– Property, plant and equipment (321) (817)
– Transport fleet (319) (679)
– Vehicles for hire (99)
Net replacement capital expenditure 35d (1 115) (1 017)
– Intangibles (68) (54)
– Property, plant and equipment (379) (393)
– Transport fleet (130) (30)
– Leasing assets (74)
– Vehicles for hire (538) (466)
Net movement in associates and joint ventures (226) 8
Net movement in investments, loans and other non-current financial instruments 967 672
64 1 056
Cash flows from financing activities
Hedge cost premium paid (137) (67)
Purchase of treasury shares net of transfers from share purchase trust (10)
Dividends paid (765) (225)
Capital distribution (607)
Decrease in long-term borrowings (137) (1 165)
Change in minority interest (107)
(1 146) (2 074)
Net increase in cash and cash equivalents 2 971 1 849
Cash and cash equivalents at beginning of year (340) (2 189)
Cash and cash equivalents at end of year 35e 2 631 (340)
Imperial holdings limited Annual Report 2009 63