Earnings releases


Audited Results & Final Dividend Declaration for the year ended 31 December 2005


CASH FLOW STATEMENT


  2005   2004
      Restated
Rmillion     for IFRS

       
Operating profit 730   358
Net financing costs (60)   (93)
Non-cash items:      
   Depreciation 265   230
   Other non-cash items     18
Tax payments (38)   (71)
Change in working capital (109)   (203)
 
 
Cash flow from operating activities 788   239
Expenditure on property, plant and equipment:      
   New (169)   (78)
   Replacement (101)   (78)
   Major plant overhaul costs capitalised (35)   (32)
Expenditure on intangible assets (4)   (3)
Growing crops disposals 5   20
Proceeds on disposal of property, plant and equipment 42   44
Investments (72)   (19)
 
 
Net cash flow before dividends and financing activities 454   93
Dividends paid (247)   (132)
 
 
Net cash flow before financing activities 207   (39)
Borrowings (repaid)/raised (558)   32
Hedges of foreign loans (2)   (35)
Shares issued 62   30
Shares of a subsidiary issued to the minority     54
     
Net (decrease)/increase in cash and cash equivalents (291)   42
Balance at beginning of year 803   808
Exchange rate translation gain/(loss) 14   (47)
 
 
Cash and cash equivalents at end of year 526   803