| |
Six months ended
30 June 2013
Reviewed
R’000 |
|
Six months ended
30 June 2012
Reviewed
R’000 |
|
| Profit before taxation |
55 236 |
|
184 640 |
|
| Interest paid |
9 919 |
|
15 903 |
|
| Interest received |
(340) |
|
(5 477) |
|
| Depreciation and impairment |
145 370 |
|
67 832 |
|
| Adjusted for non-cash items |
2 970 |
|
(834) |
|
| Share grants excercised |
(716) |
|
– |
|
| Adjusted for working capital changes |
31 001 |
|
(128 378) |
|
| Cash flows from operations |
243 440 |
|
133 686 |
|
| Interest paid |
(9 757) |
|
(15 903) |
|
| Interest received |
340 |
|
2 305* |
|
| Tax paid |
– |
|
(7 158) |
|
| Cash flows from operating activities |
234 023 |
|
112 930 |
|
| Cash flows from investing activities |
(280 016) |
|
(241 699) |
|
| Proceeds on disposal of property, plant and equipment |
97 |
|
– |
|
| Acquisition of property, plant and equipment – expansionary |
(200 442) |
|
(163 875) |
|
| Acquisition of property, plant and equipment – sustaining |
(79 671) |
|
(77 824) |
|
| Cash flows from financing activities |
47 919 |
|
(301) |
|
| Increase/(decrease) in non-current borrowings |
47 919 |
|
(301) |
|
 |
|
|
|
|
| Net increase/(decrease) in cash and cash equivalents |
1 926 |
|
(129 070) |
|
| Cash and cash equivalents at the beginning of the period |
82 643 |
|
220 459 |
|
| Effect of exchange rate fluctuations on cash held |
(38 028) |
|
(11 764) |
|
| Cash and cash equivalents at the end of the period |
46 541 |
|
79 625 |
|
