for the year ended 31 December 2006
| Company | Group | ||||
| 2005 | 2006 | Rmillion | 2006 | 2005 | |
| Cash generated from operations | |||||
| 648 | 778 | Operating profit before dividends | 959 | 711 | |
| 45 | Dividends received | 61 | 19 | ||
| 693 | 778 | Operating profit | 1 020 | 730 | |
| (54) | 35 | Net financing (costs)/income | (23) | (60) | |
| (47) | (309) | Profit on disposal of property, plant and equipment | (45) | (19) | |
| Non-cash items: | |||||
| 167 | 176 | Depreciation | 272 | 265 | |
| Adjustment for exchange rate translation gain | (57) | (14) | |||
| 9 | 10 | Provisions | 14 | 12 | |
| 12 | 4 | Other | (16) | 21 | |
| (26) | (63) | Tax payments | (152) | (38) | |
| 754 | 631 | Cash generated from operations | 1 013 | 897 | |
| Cash required by operations | |||||
| 154 | (13) | Inventories | (115) | 169 | |
| 24 | (36) | Trade and other receivables | (558) | (231) | |
| (144) | 12 | Trade and other payables | 266 | (47) | |
| 34 | (37) | (Increase)/decrease in working capital | (407) | (109) | |
| 788 | 594 | Cash flows from operating activities | 606 | 788 | |
| Cash flows from investing activities | |||||
| Expenditure on property, plant and equipment: | |||||
| (95) | (132) | - New | (281) | (169) | |
| (79) | (147) | - Replacement | (163) | (101) | |
| (35) | (38) | - Major plant overhaul costs capitalised | (38) | (35) | |
| Expenditure on intangible assets | (3) | (4) | |||
| 5 | 7 | Growing crops | 7 | 5 | |
| 70 | 338 | Proceeds on disposal of property, plant and equipment | 78 | 42 | |
| (36) | (290) | Investments – shares in subsidiary | |||
| Investments – shares in Hippo Valley Estates | (254) | ||||
| Investments – unlisted | (3) | (72) | |||
| (170) | (262) | Net cash used in investing activities | (657) | (334) | |
| 618 | 332 | Net cash flow before dividends and financing activities | (51) | 454 | |
| Dividends paid | |||||
| (123) | (294) | Previous year final | (294) | (123) | |
| (124) | (212) | Current year interim | (212) | (124) | |
| (247) | (506) | Dividends paid | (506) | (247) | |
| 371 | (174) | Net cash flow before financing activities | (557) | 207 | |
| Cash flows from financing activities | |||||
| (455) | 492 | Borrowings raised/(repaid) | 358 | (558) | |
| Hedges of foreign loans | 19 | (2) | |||
| 62 | 106 | Shares issued | 106 | 62 | |
| 9 | (455) | Inter-group loans | |||
| (384) | 143 | Net cash from/(utilised in) financing activities | 483 | (498) | |
| (13) | (31) | Net decrease in cash and cash equivalents | (74) | (291) | |
| 53 | 40 | Balance at beginning of year | 526 | 803 | |
| Exchange rate translation gain | 57 | 14 | |||
| 40 | 9 | Cash and cash equivalents at end of year | 509 | 526 | |