(formely M-Cell Limited) - Business Report 2003 - MTN Group
(formely M-Cell Limited) - Business Report 2003 - MTN Group
(formely M-Cell Limited) - Business Report 2003 - MTN Group
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COMPANY<br />
CASH FLOW STATEMENT<br />
FOR THE YEAR ENDED 31 MARCH <strong>2003</strong><br />
<strong>2003</strong> 2002<br />
Notes Rm Rm<br />
OPERATING ACTIVITIES<br />
Cash receipts from customers — —<br />
Cash paid to suppliers and employees (7) (47)<br />
Net cash used in operations 10 (7) (47)<br />
Interest received 2 — 1<br />
Interest paid 3 (1) —<br />
Taxation paid 11 — 3<br />
NET CASH USED IN OPERATING ACTIVITIES (8) (43)<br />
INVESTING ACTIVITIES<br />
Cash dividends received from subsidiaries 7 30<br />
Loans to subsidiaries (6) —<br />
NET CASH FROM INVESTING ACTIVITIES 1 30<br />
FINANCING ACTIVITIES<br />
Net increase in borrowings — 9<br />
NET CASH FROM FINANCING ACTIVITIES — 9<br />
NET DECREASE IN CASH AND CASH EQUIVALENTS (7) (4)<br />
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR * 4<br />
CASH AND CASH EQUIVALENTS AT END OF YEAR (7) *<br />
COMPANY<br />
STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY<br />
AS AT 31 MARCH <strong>2003</strong><br />
Share Share Accumulated Other<br />
capital premium profits reserves Total<br />
Rm Rm Rm Rm Rm<br />
Balance at 31 March 2001 * 13 593 19 114 13 726<br />
Net profit attributable to ordinary<br />
shareholders for the year — — 31 — 31<br />
Share capital issued at a premium less share<br />
issue expenses * 349 — — 349<br />
Share election reserve — — — (114) (114)<br />
Balance at 31 March 2002 * 13 942 50 — 13 992<br />
Net profit attributable to ordinary<br />
shareholders for the year — — 2 — 2<br />
Share capital issued at a premium less share<br />
issue expenses * 148 — — 148<br />
Balance at 31 March <strong>2003</strong> — 14 090 52 — 14 142<br />
Notes 8 8<br />
* Amounts less than R1 million.<br />
<strong>MTN</strong> BUSINESS REPORT <strong>2003</strong><br />
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