Earnings releases


Audited Results & Final Dividend Declaration for the year ended 31 December 2002


CASH FLOW STATEMENT

   

  2002   2001
Rmillion     Restated
                   
Operating earnings from continuing operations 738   596
Dividends received from subsidiaries 71   76
Net interest (100)   (75)
Earnings from discontinued operations     (11)
Non-cash items:      
   Depreciation 170   159
   Provisions 20   40
   Other non-cash items 131   (86)
Tax payments (39)   (19)
Change in working capital (321)   113
 
 
Cash flow from operating activities 670   793
         
Property, plant and equipment:      
   New project expenditure (167)   (232)
   Replacement expenditure (56)   (46)
Growing crops (12)   (26)
Net proceeds on disposal of      
   property, plant and equipment 36   33
Investments (1)        (60)
Disposal of subsidiaries     111
Dividends paid (292)   (214)
 
 
Net cash flow 178   359
       
Borrowings repaid (226)   (242)
Shares issued 8   9
 
 
         
Net movement in cash resources (40)   126
      
Cash resources at beginning of year 1 125   699
Exchange rate translation (loss)/gain (151)   255
AC 133 adjustment 4   45


Cash resources at end of year 938   1 125