| Group |
|
|
Note |
|
Company |
| 2002 |
2003 |
|
|
|
|
2003 |
2002 |
| R’000 |
R’000 |
|
|
|
|
R’000 |
R’000 |
| |
|
|
Cash flows from operating activities |
|
|
|
|
| 2 638 994 |
2
408 598 |
|
Cash received from sales of precious metals |
|
|
– |
42 |
| (3 256 798) |
(2
488 611) |
|
Cash paid to suppliers and employees |
|
|
(161
905) |
(23 084) |
| (617 804) |
(80
013) |
|
Cash applied to operations |
A |
|
(161
905) |
(23 042) |
| 28 280 |
6
872 |
|
Investment income |
|
|
8
121 |
15 223 |
| (24 209) |
(39
498) |
|
Finance costs paid |
|
|
(32
040) |
(10 522) |
| 1 553 |
(4
268) |
|
Taxation (paid)/refunded |
|
|
– |
– |
| – |
(274
471) |
|
Transaction costs of financial derivatives |
|
|
– |
– |
| (612 180) |
(391
378) |
|
Net cash outflow from operating activities |
|
|
(185
824) |
(18 341) |
| |
|
|
Cash flows from investing activities |
|
|
|
|
| 119 853 |
(68
150) |
|
Net (purchase)/proceeds on sale of investments |
|
|
126 |
117 026 |
| (83 109) |
(121
483) |
|
Expenditure on assets |
|
|
(186) |
(299) |
| 16 873 |
32
550 |
|
Proceeds on disposal of mining assets |
|
|
9
762 |
11 933 |
| |
|
|
Movement in amounts owing to/from subsidiaries |
|
|
(303
483) |
(447 975) |
| |
|
|
Increase in investment in wholly owned subsidiary |
|
|
(51
951) |
– |
| – |
80
736 |
|
Proceeds on disposal of subsidiary, net of
cash disposed of |
C |
|
– |
– |
| 1 000 |
– |
|
Repayment of restraint of trade |
|
|
– |
1 000 |
| (8 444) |
(1
704) |
|
Contributions to Environmental Trust Fund |
|
|
– |
(5 106) |
| 46 173 |
(78
051) |
|
Net cash (outflow)/inflow from investing
activities |
|
|
(345
732) |
(323 421) |
| |
|
|
Cash flows from financing activities |
|
|
|
|
| 527 763 |
88
631 |
|
Proceeds from the issue of shares |
|
|
88
631 |
527 763 |
| – |
627
778 |
|
Proceeds from the issue of the convertible
loan note |
|
|
627
778 |
– |
| 191 801 |
(184
172) |
|
(Repayment of)/increase in loans |
|
|
– |
(150 570) |
| (25 193) |
(1
914) |
|
Share issue expenses |
|
|
(1
914) |
(25 193) |
| 694 371 |
530
323 |
|
Net cash inflow from financing activities |
|
|
714
495 |
352 000 |
| 128 364 |
60
894 |
|
Net increase in cash and cash equivalents |
|
|
182
939 |
10 238 |
| 113 452 |
241
816 |
|
Cash and cash equivalents at the beginning
of the year |
|
|
31
203 |
20 965 |
| 241 816 |
302
710 |
|
Cash and cash equivalents at the
end of the year |
B |
|
214
142 |
31 203 |
