Online Annual Report 2009

Cash flow statement
for the year ended 28 June 2009

    2009 2008
  notes Rm Rm
Cash flow from operating activities      
Operating cash before working capital movements 11.1 16.3 69.8
Working capital movements 11.2 10.4 (93.0)
Cash generated from operations   26.7 (23.2)
Interest received   5.9
Interest paid   (7.1)
Investment income   602.3 1,155.5
Taxation paid 11.3 (79.6) (65.5)
Dividends paid 11.4 (883.4) (721.4)
Net cash (outflow)/inflow from operating activities   (334.0) 344.2
Loans to subsidiaries   (51.5)
Other investing activities   468.9 (262.2)
Net cash inflow/(outflow) from investing activities   417.4 (262.2)
Net acquisition of treasury shares 11.5 (82.2) (99.7)
Net cash outflow from financing activities   (82.2) (99.7)
Net increase/(decrease) in cash and cash equivalents   1.2 (17.7)
Cash and cash equivalents at the beginning of the year   (1.2) 16.5
Cash and cash equivalents at the end of the year   (1.2)

The accounting policies are in line with the Massmart Group accounting policies. Refer to note 1 of the Group financial statements.

Annual Financial Statements

Group Financial Statements

Company Financial Statements