Zambian Breweries Annual Report - Released June 2012 - SABMiller
Zambian Breweries Annual Report - Released June 2012 - SABMiller
Zambian Breweries Annual Report - Released June 2012 - SABMiller
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<strong>Zambian</strong> <strong>Breweries</strong> Plc<br />
Financial Statements<br />
For the year ended 31 March <strong>2012</strong><br />
(all amounts are in millions of Kwacha unless otherwise stated)<br />
Statement of cash flows<br />
Year ended 31 March<br />
Notes <strong>2012</strong> 2011<br />
<strong>Zambian</strong> <strong>Breweries</strong> Plc<br />
20<br />
Cash flows from operating activities<br />
Cash generated from operations 24 236,941 38,160<br />
Interest received 455 1,166<br />
Income tax paid 11 - (114)<br />
Net cash used in operating activities 237,396 39,212<br />
Cash flows from investing activities<br />
Purchase of property, plant and equipment (323,920) (54,304)<br />
Proceeds from sale of property, plant and equipment 1,437 9,956<br />
Net cash used in investing activities (322,483) (44,348)<br />
Cash flows from financing activities<br />
Interest paid (64,508) (61,251)<br />
Repayments on Saturnia Loan - (7,626)<br />
Proceeds from rights issue 350,915 -<br />
Proceeds from bank loans - 157,800<br />
Repayment of bank loans (44,193) (15,000)<br />
Dividends paid to shareholders (5) (15,180)<br />
Net cash generated from financing activities 242,209 58,743<br />
Increase in cash and cash equivalents 157,122 53,607<br />
Movement in cash and cash equivalents<br />
At start of year (52,363) (97,138)<br />
Increase in cash and cash equivalents 157,122 53,607<br />
Exchange difference in cash and cash equivalents 12,458 (8,832)<br />
At end of year 17 117,217 (52,363)<br />
The notes on pages 21 to 47 are an integral part of these financial statements.<br />
9
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