| |
|
GROUP |
COMPANY |
| |
|
2009 |
2008 |
2009 |
2008 |
| |
Note |
R |
R |
R |
R |
| Cash flows from operating activities |
|
|
|
|
|
| Profit/(loss) before taxation |
|
179 189 633 |
747 968 205 |
(135 297 630) |
(45 848 442) |
| Adjustments for: |
|
|
|
|
|
| Depreciation |
|
310 291 |
147 495 |
310 291 |
147 495 |
| Interest received |
|
(3 235 132) |
(10 429 084) |
(1 315 483) |
(7 891 925) |
| Dividends received |
|
(3 650 353) |
(1 524 722) |
(54 635 904) |
(45 528 076) |
| Impairment of investment in associates |
|
– |
92 131 891 |
176 856 812 |
86 650 177 |
| Finance costs |
|
31 938 621 |
8 934 260 |
2 089 389 |
– |
| Negative goodwill from associates |
|
(80 622 752) |
(784 087 333) |
– |
– |
| Profit on sale of investments |
|
(213 245) |
– |
(213 245) |
– |
| Loss on sale of plant and equipment |
|
12 701 |
– |
12 701 |
– |
| Share of profit from associates |
|
(118 190 856) |
(47 051 571) |
– |
– |
| Operating cash flows before working capital changes |
|
5 538 908 |
6 089 141 |
(12 193 069) |
(12 470 771) |
| (Increase)/decrease in trade and other receivables |
|
(1 641 035) |
(137 979) |
(2 395 935) |
335 479 |
| Increase/(decrease) in trade and other payables |
|
9 856 174 |
(401 389) |
15 777 560 |
(576 851) |
| Cash flows from operations |
|
13 754 047 |
5 549 773 |
1 188 556 |
(12 712 143) |
| Income taxes paid |
25.1 |
(10 401 049) |
(8 144 030) |
(2 188 931) |
(676 276) |
| Net cash (outflow)/inflow from operating activities |
|
3 352 998 |
(2 594 257) |
(1 000 375) |
(13 388 419) |
| Cash flows from investing activities |
|
|
|
|
|
| Proceeds on sale of Wild Rush |
|
6 298 478 |
– |
6 298 478 |
– |
| Purchase of plant and equipment |
|
(566 340) |
(1 060 222) |
(566 340) |
(1 060 222) |
| Loans repaid/(advanced) |
|
|
|
|
|
| – GPI Slots |
|
– |
5 947 677 |
(78 738) |
5 836 081 |
| – BVI |
|
– |
– |
57 927 482 |
(13 169 975) |
| – Akhona GPI |
|
(7 817 989) |
(8 118 000) |
(7 817 989) |
(8 118 000) |
| – Utish |
|
– |
– |
(264 652 135) |
– |
| – Employee loans |
|
(3 783 034) |
– |
– |
– |
| – GPSIT |
|
– |
– |
(15 400 000) |
– |
| Investments (made)/received |
|
|
|
|
|
| – SunWest – share premium distribution |
|
– |
43 580 073 |
– |
– |
| – SunWest |
|
(92 400 000) |
(240 440 231) |
(92 400 000) |
(3 088 128) |
| – RAH |
|
(9 998) |
(139 290 193) |
337 123 298 |
(139 290 193) |
| – Akhona GPI |
|
(17 835 328) |
(7 014 000) |
(17 835 328) |
(7 014 000) |
| – Wild Rush |
|
(6 085 233) |
– |
(6 085 233) |
– |
| – BVI |
|
– |
– |
– |
(999 900) |
| – Utish |
|
– |
– |
(100) |
– |
| – GPI Management Services |
|
– |
– |
(100) |
– |
| Net cash (outflow)/inflow from investing activities |
|
(122 199 444) |
(346 394 896) |
(3 486 705) |
(166 904 337) |
| Cash flows from financing activities |
|
|
|
|
|
| Shares bought back – treasury shares |
|
(15 238 000) |
– |
– |
– |
| Shares bought back |
|
(43 658 451) |
– |
(43 658 451) |
– |
| Capital raised – treasury shares reissued |
|
3 773 600 |
– |
– |
– |
| Capital raised – ordinary shares issued |
|
– |
167 201 831 |
– |
167 201 831 |
| Preference shares redeemed |
|
(22 000 000) |
(57 797 500) |
– |
– |
| Preference shares issued |
|
105 725 757 |
201 398 108 |
– |
– |
| Ordinary dividends paid to equity holders of parent |
25.2 |
(45 902 102) |
(24 793 966) |
(45 902 102) |
(24 793 966) |
| Preference dividends paid |
|
– |
(3 481 412) |
– |
– |
| Interest received |
|
3 235 132 |
10 429 084 |
1 315 483 |
7 891 925 |
| Finance costs |
|
(25 280 009) |
(3 193 031) |
(2 089 389) |
– |
| Dividends received |
|
132 110 727 |
71 349 941 |
54 635 904 |
45 528 076 |
| Net cash inflow/(outflow) from financing activities |
|
92 766 654 |
361 113 055 |
(35 698 555) |
195 827 866 |
| Net increase/(decrease) in cash and cash equivalents |
|
(26 079 792) |
12 123 902 |
(40 185 635) |
15 535 110 |
| Cash and cash equivalents at the beginning of the year |
|
81 834 197 |
69 710 295 |
44 478 668 |
28 943 558 |
| Cash and cash equivalents at the end of the year |
14 |
55 754 405 |
81 834 197 |
4 293 033 |
44 478 668 |
