PDF 25 MB - Sun International | Investor Centre

NOTES TO THE COMPANY FINANCIAL STATEMENTS continued
13. CASH FLOW INFORMATION
13.1 Cash (utilised by)/generated by operations
Operating profit 662 400
Non cash items and items dealt with separately:
Dividend income (662) (1 007)
Impairment of investment in SFIR – 184
Impairment of loans to subsidiaries – 421
Cash utilised by operations before working capital changes – (2)
Working capital changes
Accounts payable and accruals (137) 147
2010
Rm
2009
Rm
(137) 145
13.2 Tax (paid)/refunded
Overpayment at beginning of year 1 15
Current tax credited to statement of comprehensive income (refer note 4) – (3)
STC and withholding tax (2) –
Overpayment at end of year (2) (1)
(3) 11
13.3 Investment income
Dividends received 662 1 007
Interest income 51 33
Imputed interest on loans receivable (1) (3)
712 1 037
13.4 Decrease in borrowings
Increase in non current borrowings 1 3
Imputed interest on V&A loan (1) (3)
Decrease in bank overdraft (1) (6)
(1) (6)
13.5 Interest paid
Interest expense (190) (206)
Transfer from hedging reserve (settled) 8 5
Imputed interest on V&A loan 1 3
(181) (198)
14. CONTINGENT LIABILITY
Sun International Limited has issued a guarantee in favour of ABSA Bank Limited in respect of the loan facilities entered into by Worcester Casino
(Pty) Limited up to the maximum amount of R200 million.
203