Earnings releases


Interim Results for the half-year ended 30 June 2003


CASH FLOW STATEMENT

           
  Unaudited    Unaudited    Audited
  Half-year   Half-year   Year ended
  30 June   30 June   31 December
Rmillion 2002   2001   2001

Earnings before exceptional items 293   273   829
Adjustment for exchange rate translation loss/(gain) 57   (5)   (255)
Depreciation 80   76   159
Provisions 16       40
Other non-cash items 7   (9)   (31)
Tax payments (23)   (9)   (19)
Change in working capital (13)   (102)   44
Dividends paid (211)   (151)   (214)
 
 
 
Cash flow from operations 206   73   553
           
Property, plant and equipment:          
   New project expenditure (53)   (88)   (232)
   Replacement expenditure (47)   (42)   (46)
Net proceeds on disposal of          
   property, plant and equipment 8   9   33
Investments     (21)   (60)
Disposal of subsidiaries     83   111
 
 
 
Net cash flow 114   14   359
           
Borrowings (repaid)/raised (246)   34   (242)
Shares issued 6   2   9
 
 
 
Net movement in cash resources (126)   50   126
Cash resources at beginning of period 1 125   699   699
Exchange rate translation (loss)/gain (57)   5   255
AC 133 adjustment 4   29   45
 
 
 
Cash resources at end of period 946   783   1 125