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Statements of cash flows
for the year ended 31 March 2011
GROUP
CSIR
2011 2010 2011 2010
Notes R’000 R’000 R’000 R’000
Cash fl ows from operating activities
Cash receipts from external customers 1 210 338 1 208 457 1 189 047 1 190 502
Parliamentary Grant received 550 305 510 951 550 305 510 951
Cash paid to suppliers and employees (1 514 505) (1 778 483) (1 493 863) (1 744 249)
Cash generated/(utilised) from operating activities 23 246 138 (59 075) 245 489 (42 796)
Finance income 4 58 861 78 468 57 243 75 921
Finance expense 4 (4 064) (7 158) (4 064) (7 158)
Income taxes paid (202) (122)
Net cash from operating activities 300 733 12 113 298 668 25 967
Cash fl ows from investing activities
Acquisition of property, plant and equipment 6 (90 450) (95 624) (90 311) (95 056)
Proceeds on disposal of property, plant and equipment 654 1 299 397 1 222
Decrease/(increase) in subsidiary loans 1 365 (685)
Decrease in investments - 100 000 - 100 000
Acquisition of intangible assets 7 (858) (406) - -
Net cash (utilised)/generated in investing activities (90 654) 5 269 (88 549) 5 481
Cash fl ows from financing activities
Decrease in long-term liabilities (642) - (642) -
Net cash utilised in financing activities (642) - (642) -
Net increase in cash and cash equivalents 209 437 17 382 209 477 31 448
Cash and cash equivalents at beginning of the year 799 982 782 528 766 278 734 830
Effect of foreign exchange rate changes (16) 72 - -
Cash and cash equivalents at end of the year 24 1 009 403 799 982 975 755 766 278
127 ANNUAL FINANCIAL STATEMENTS