Download Annual Report 2006 - Foskor

23.2.6 CASH FLOW STATEMENTfor the year ended 31 March 2006Effect oftransitionR’000 Note SA GAAP to IFRS IFRSCASH FLOWS FROM OPERATING ACTIVITIESCash generated from operations 102,656 8,827 111,483Net finance income/(costs) 33,586 (5,809) 27,777Net foreign exchange gains 11,633 – 11,633Taxation (18,886) – (18,886)Net cash flows from operating activities 128,989 3,018 132,007CASH FLOW FROM INVESTING ACTIVITIESAdditions to property, plant and equipment (105,247) – (105,247)Proceeds on disposal of property, plant and equipment 37,807 – 37,807Investment by Coromandel Fertilisers Limited 37,500 – 37,500Contribution made to environmental rehabilitation trust (8,000) – (8,000)Repayment of non–current receivables 1,066 – 1,066Net cash used in investing activities (36,874) – (36,874)CASH FLOW FROM FINANCING ACTIVITIESDecrease in finance lease liability – (2,822) (2,822)Decrease in current portion of finance lease liability – (196) (196)Net cash used in financing activities – (3,018) (3,018)NET INCREASE IN CASH AND 92,115 – 92,115CASH EQUIVALENTSCASH AND CASH EQUIVALENTS AT 335,244 – 335,244BEGINNING OF YEARCASH AT BANK AND IN HAND AT 427,359 – 427,359END OF YEARCASH AT BANK AND IN HAND 427,359 – 427,359There was no effect on the cash flow statement for the year ended 31 March 2006.33