bold spirit - ArcelorMittal South Africa
bold spirit - ArcelorMittal South Africa
bold spirit - ArcelorMittal South Africa
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172<br />
<strong>ArcelorMittal</strong> <strong>South</strong> <strong>Africa</strong><br />
Annual Report 2010<br />
Group<br />
2010<br />
Rm<br />
2009<br />
Rm<br />
2010<br />
Rm<br />
Company<br />
2009<br />
Rm<br />
24. TRADE AND OTHER PAYABLES<br />
Trade payables 3 665 3 053 3 161 2 450<br />
Other payables 355 443 333 442<br />
– Sundry 86 17 57 17<br />
– Accruals 269 426 276 425<br />
Total 4 020 3 496 3 494 2 892<br />
25. NOTES TO THE STATEMENT OF CASH FLOWS<br />
25.1 Cash generated from operations<br />
Profit from operations 2 151 229 2 452 698<br />
Adjusted for non-cash movements<br />
– Depreciation and amortisation 1 371 1 292 960 919<br />
– Unrealised profit on sales to joint ventures (3) (6)<br />
– Embedded derivatives unrealised (18) 133 (18) 133<br />
– Share option and participation costs 32 73 32 73<br />
– Impairment charge 26<br />
– Movements in provisions 59 79 61 60<br />
– Net movements in leave pay accrual (18) 39 (18) 39<br />
– Allowance for net realisable value 155 (28) 146 (5)<br />
– Movements in allowance for doubtful debt<br />
and other (23) (47) (23) (32)<br />
– Reconditionable spares usage 16 9 7 7<br />
– Loss on disposal or scrapping of property,<br />
plant and equipment 44 29 17 29<br />
Working capital movements<br />
– (Increase)/decrease in inventories (1 544) 2 903 (1 291) 2 942<br />
– Decrease/(increase) in trade and other<br />
receivables 303 (18) 85 153<br />
– Increase/(decrease) in trade and other payables 524 112 602 (1)<br />
– Utilisation of provisions (383) (119) (377) (111)<br />
2 666 4 706 2 635 4 904<br />
25.2 Dividends paid<br />
Charged to equity (602) (1 627) (669) (1 627)<br />
(602) (1 627) (669) (1 627)
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