| |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED |
| for the year ended 30 June 2007 |
| |
All monetary amounts are expressed
in millions of Rands |
|
2007 |
Restated
2006 |
| 31. |
ORDINARY DIVIDENDS |
|
|
|
|
Final dividend No. 111 of 71,0 cents declared on 29 August 2007 |
|
235,6 |
|
|
Interim dividend No. 110 of 45,0 cents declared on 28 February 2007 and paid on 16 April 2007 |
|
149,4 |
|
|
Final dividend No. 109 of 40,0 cents declared on 30 August 2006 and paid on 16 October 2006 |
|
|
132,8 |
| |
Interim dividend No. 108 of 20,0 cents declared on 2 March 2006 and paid on 18 April 2006 |
|
|
66,4 |
|
|
|
385,0 |
199,2 |
|
Less: Dividends relating to treasury shares |
|
(41,2) |
(23,7) |
| |
|
|
343,8 |
175,5 |
| |
In respect of final dividend no. 111, the directors have declared a dividend of 71 cents
per share which will be paid to shareholders on 22 October 2007. This dividend is
subject to approval by shareholders at the Annual General Meeting and has not been
included as a liability in these financial statements. The proposed dividend is payable
to shareholders recorded in the register at the close of business on Friday
19 October 2007. The secondary taxation on companies payable on this dividend is
estimated to be R23,6 million. |
|
|
|
| 32. |
CASH GENERATED BY OPERATIONS |
|
|
|
|
Earnings before exceptional items and interest (including discontinued operations) |
|
1 463,4 |
800,8 |
|
Adjustments for non-cash items: |
|
|
|
|
Amortisation of intangible assets |
|
22,5 |
15,7 |
|
Depreciation |
|
331,2 |
229,5 |
|
Fair value adjustments on concession investments |
|
(76,0) |
(67,6) |
|
Fair value adjustments on other financial instruments |
|
3,7 |
23,4 |
|
Net provisions raised and released |
|
141,6 |
144,2 |
|
Net profit on disposal of property, plant and equipment |
|
(21,5) |
(6,5) |
|
Long term provision |
|
54,4 |
– |
|
Share-based payment expense |
|
20,5 |
7,2 |
|
Fair value adjustment on property headleases |
|
(252,8) |
– |
|
Other non-cash items |
|
6,3 |
6,2 |
|
Adjustments for cash items: |
|
|
|
|
Adjustments for net cash outflow from exceptional items: |
|
|
|
|
Headlease and other property activities |
|
(114,8) |
(82,3) |
|
BBBEE expense |
|
– |
(69,9) |
|
Other |
|
11,1 |
(2,0) |
|
Dividends received |
|
(13,7) |
(4,2) |
|
Provisions utilised and paid |
|
– |
(83,7) |
|
Change in working capital |
|
636,7 |
(194,6) |
|
Inventories |
|
(238,0) |
(74,7) |
|
Contracts in progress and contract receivables |
|
410,4 |
(494,2) |
|
Trade and other receivables |
|
(452,7) |
(288,6) |
|
Trade and other payables |
|
404,6 |
484,2 |
|
Sub-contractors liabilities |
|
512,4 |
178,7 |
|
|
|
|
|
| |
|
|
2 212,6 |
716,2 |
|
| |
| |
|
|
