Earnings releases


Interim Results for the half-year ended 30 June 2003


CASH FLOW STATEMENT

   

UnauditedUnauditedAudited
Half-yearHalf-yearYear ended
30 June30 June31 December
200320022002
RmillionRestated
(Loss)/earnings before interest 
   and tax
(142)344658
Adjustment for exchange 
  rate translation loss
6157151
Depreciation and amortisation10890209
Provisions(1)1620
Other non-cash items267131
Net interest(62)(55)(100)
Tax payments(31)(23)(39)
Change in working capital(30)63(321)



Cash flow from operations(71)499709
Property, plant and equipment:
  New project expenditure(136)(53)(167)
  Replacement expenditure(57)(47)(56)
  Major plant overhaul costs
    capitalised
(43) (39)(39)
Growing crops(78)(43)(12)
Proceeds on disposal of property,
  plant and equipment40 8 36
Investments1(1)



Net cash flow(344)325470
Borrowings raised/(repaid)504(246)(226)
Dividends paid(193)(211)(292)
Shares issued268



Net decrease in cash resources(31)(126)(40)
Cash resources at beginning
   of period
9381 1251 125
Exchange rate translation loss(61)(57)(151)
Mark-to-market adjustment on 
  available-for-sale assets(4)44



Cash resources at end of period842946938