Earnings releases


Interim Results for the half-year ended 30 June 2006


CASH FLOW STATEMENT
   
  Unaudited    Unaudited    Audited
  Half-year Half-year Year ended
  30 June 30 June 31 December
Rmillion 2006 2005 2005

Operating profit 470   319   730
Net financing costs (19)   (35)   (60)
Non-cash items:          
   Depreciation 131   135   265
   Other non-cash items (127)   (80)   0
Tax payments (97)   (17)   (38)
Change in working capital (28)   (31)   (109)
 
 
 
Cash flow from operating activities 330   291   788
           
Expenditure on property, plant and equipment:          
   New (98)   (58)   (169)
   Replacement (74)   (27)   (101)
   Major plant overhaul costs capitalised (39)   (34)   (35)
Expenditure on intangible assets (1)   (2)   (4)
Growing crops disposals 1   0   5
Proceeds on disposal of property, plant          
   and equipment 22   23   42
Investments (5)   (59)   (72)
 
 
 
Net cash flow before dividends and          
   financing activities 136   134   454
 
Dividends paid (294)   (123)   (247)
 
 
 
Net cash flow before financing activities (158)   11   207
 
Borrowings raised/(repaid) 144   (158)   (558)
Hedges of foreign loans (5)   (9)   (2)
Shares issued 83   31   62
 
 
 
Net increase/(decrease) in cash          
   resources 64   (125)   (291)
 
Cash resources at beginning of period 526   803   803
Exchange rate translation gain 46   39   14
 
 
 
Cash resources at end of period 636   717   526