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SUN INTERNATIONAL ANNUAL REPORT ’10
154
GROUP STATEMENTS OF CASH FLOWS
for the year ended 30 June
Cash flows from operating activities
Cash receipts from customers 7 949 8 108
Cash paid to suppliers, government and employees (5 728) (5 463)
Cash generated by operations 28.1 2 221 2 645
Pre-opening expenses (28) (21)
Net insurance proceeds for business interruption 153 –
Tax paid 28.2 (519) (622)
Net cash inflow from operating activities 1 827 2 002
Cash flows from investing activities
Purchase of property, plant and equipment
Expansion (354) (984)
Replacement (677) (492)
Purchase of intangible assets (19) (9)
Proceeds on disposal of property, plant and equipment 11 31
Proceeds on disposal of shares in subsidiaries – 99
Purchase of shares in subsidiaries 28.3 (34) (22)
Investment income 60 93
Acquisition of SFIR 28.4 – (189)
Purchase of shares in associate – TCN (96) –
Acquisition of TCN 28.5 (56) –
Other non current loans made – (118)
Net insurance proceeds for asset reinstatement 27 –
Other non current loans realised 66 259
Net cash outflow from investing activities (1 072) (1 332)
Cash flows from financing activities
Net decrease in borrowings 28.6 (451) (90)
Interest paid 28.7 (533) (692)
Dividends paid 28.8 (246) (559)
Increase in minority funding 277 354
Increase in share capital 118 341
Proceeds on disposal of treasury shares 57 17
Purchase of treasury shares and share options (41) (99)
Net cash outflow from financing activities (819) (728)
Effect of exchange rate changes on cash and cash equivalents (9) 2
Net decrease in cash and cash equivalents (73) (56)
Cash and cash equivalents at beginning of year 794 850
Cash and cash equivalents at end of year 28.9 721 794
Notes
2010
Rm
2009
Rm