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Annual integrated report 2011


Notes to the Group statement of cash flows

FOR THE YEAR ENDED 30 SEPTEMBER

  Rm   2011   2010
A. Cash generated from operations        
  Operating profit   3 701   3 708
  Adjustments for:        
    Amortisation of intangible assets   74   74
    Depreciation   1 139   1 083
    (Profit)/loss on disposal of property, plant and equipment   (162)   1
    Gain on bargain purchase       (81)
    Impairment of property, plant and equipment       19
    Impairment of investments and loans   73   8
    Impairment of goodwill       9
    Reversal of impairment of property, plant and equipment   (7)   (1)
    Reversal of impairment of investments and loans   (1)    
  Share-based payment reserve movements   23   26
  Decrease in post-retirement benefit obligation   (9)   (74)
  (Decrease)/increase in deferred lease liability   (68)   8
  Other non-cash flow items   (95)   17
  Cash generated from operations before working capital changes   4 668   4 797
  Decrease in trade and other receivables   424   44
  Increase in inventories   (32)   (37)
  Increase in trade and other payables   453   148
  Increase/(decrease) in provisions   59   (18)
      5 572   4 934
B. Taxation paid        
  Amounts payable at beginning of year   276   330
  Charge per the income statement (excluding deferred taxation)   582   505
  Taxation movement through equity   16   7
  Translation of foreign entities   5   (1)
  Amounts payable at end of year   (205)   (276)
      674   565
C. Acquisition of businesses        
  Property, plant and equipment       279
  Investments and loans       3
  Inventories       17
  Trade and other receivables       72
  Cash and cash equivalents       43
  Long-term debt       (228)
  Short-term debt       (4)
  Trade and other payables       (180)
  Taxation payable       (1)
  Fair value of assets acquired       1
  Non-controlling interest       56
          57
  Gain on bargain purchase       (81)
  Goodwill       49
  Purchase consideration       25
  Less: Fair value of previous investment in joint venture       (1)
  Less: Deferred consideration payable in cash       (2)
  Cash and cash equivalents in acquiree       (43)
  Cash inflow on acquisitions       (21)
  Comprising:        
  Abbey Hospitals Run Off Limited       (7)
  BMI Hospital Decontamination Limited       16
  BMI Southend Private Hospital Limited       1
  Health and Surgical Holdings Limited       (34)
  Netcare Parklands Linac Joint Venture (Proprietary) Limited       2
  Netcare St. Anne’s Linac Joint Venture (Proprietary) Limited       1
  Total consideration       (21)
D. Cash and cash equivalents and bank overdrafts        
  Cash on hand and balances with banks   2 355   1 378
  Short-term money market borrowings and bank overdrafts   (550)   (93)
      1 805   1 285