2012 Integrated report - Sappi
2012 Integrated report - Sappi
2012 Integrated report - Sappi
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Group statements of cash flows<br />
for the year ended September <strong>2012</strong><br />
US$ million note <strong>2012</strong> 2011 2010<br />
Cash retained from operating activities 411 406 529<br />
Cash generated from operations 23.1 728 798 737<br />
– Increase in working capital 23.2 (102) (98) (5)<br />
Cash generated from operating activities 626 700 732<br />
– Finance costs paid 23.3 (206) (266) (206)<br />
– Finance revenue received 11 10 12<br />
– Taxation paid 23.4 (20) (38) (9)<br />
Cash utilised in investing activities (284) (243) (188)<br />
Investment to maintain operations 23.5 (177) (213) (173)<br />
Investment to expand operations (181) (49) (38)<br />
Proceeds on disposal of non-current assets 23.6 71 6 21<br />
Decrease in other non-current assets 3 13 2<br />
Cash effects of financing activities (103) (296) (256)<br />
Proceeds from interest-bearing borrowings 1,025 1,364 204<br />
Repayment of interest-bearing borrowings (1,066) (1,578) (444)<br />
Share issue costs – – (3)<br />
Cash costs attributable to refinancing transactions (66) (78) –<br />
Movement in bank overdrafts 4 (4) (13)<br />
Net movement in cash and cash equivalents 24 (133) 85<br />
Cash and cash equivalents at beginning of year 639 792 770<br />
Translation effects (18) (20) (63)<br />
Cash and cash equivalents at end of year 23.7 645 639 792<br />
106
Change language