WELCOME TO OUR ONLINE ANNUAL REPORT 2011

Statement of cash flows
for the year ended 26 June 2011

    2011 2010
  Notes Rm Rm
Cash flow from operating activities      
Operating cash before working capital movements 11,1 17.7 14.1
Working capital movements 11,2 14.2 2.6
Cash generated from operations   31.9 16.7
Interest received/(paid)   0.7 (0.4)
Investment income   2,030.4 887.5
Taxation paid 11,3 (79.1) (75.6)
Dividends paid 11,4 (846.1) (839.7)
Net cash inflow/(outflow) from operating activities   1,137.8 (11.5)
Loans to subsidiaries   (911.0) (2.9)
Other investing activities   (576.1) 128.6
Net cash (outflow)/inflow from investing activities   (1,487.1) 125.7
Issue of shares   481.6
Net acquisition of treasury shares 11,5 (140.2) (97.5)
Net cash inflow/(outflow) from financing activities   341.4 (97.5)
Net (decrease)/increase in cash and cash equivalents   (7.9) 16.7
Cash and cash equivalents at the beginning of the year   16.7
Cash and cash equivalents at the end of the year   8.8 16.7
  • The accounting policies are in line with the Massmart Group accounting policies. Refer to note 1 of the Group financial statements.