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for the year ended 30 June
27. PROVISIONS (CONTINUED)
Lease commitments and property closure costs
The provision represents estimated costs which the group expects to incur on termination of
property leases.
Progressive jackpots
Provision is made for progressive jackpots greater than R100 000. This provision is calculated based
on the readings of the group’s progressive jackpot machines.
Ster Century guarantee
The provision relates to the group’s share of a claim made by Heron City for €701 000 in respect of
a guarantee given by RRHL and Primedia for the rental obligations of SCE cinemas in Spain that SCE
sold to Cine Alcobendas (refer note 30).
NOTES TO THE GROUP FINANCIAL STATEMENTS continued
28. CASH FLOW INFORMATION
28.1 Cash generated by operations
Operating profit 1 641 1 895
Non cash items and items dealt with separately:
Depreciation and amortisation 685 658
Operating equipment usage 58 –
Insurance proceeds (180) –
Impairment of assets – Monticello 61 –
Employee share based payments 37 28
Pre-opening expenses 28 21
Foreign exchange (loss)/gain (15) 42
Impairment of goodwill – 108
Realisation of FCTR on distribution of RRHL dividend – (47)
Movement in provisions and other non cash movements (20) (8)
2 295 2 697
Delivery of share awards (4) –
Cash generated by operations before working capital changes 2 291 2 697
Working capital changes (70) (52)
Inventory (12) (6)
Accounts receivable (82) 144
Accounts payable, accruals and provisions 24 (190)
2010
Rm
2009
Rm
2 221 2 645
28.2 Tax paid
Liability at beginning of year (105) (115)
Current tax provided (refer note 10) (403) (497)
CGT, STC and withholding taxes (76) (111)
Acquisition of SFIR – (2)
Foreign exchange adjustments 1 (2)
Liability at end of year 64 105
(519) (622)
177