| |
Note |
|
2006
Rm |
2005
Rm |
| Cash flows from
operating activities |
|
|
|
|
| Cash generated from trading
operations |
51 |
|
958 |
931 |
| Cash generated from direct marketing
entity in run-off |
|
|
41 |
68 |
| Movement in working capital
and insurance balances |
52 |
|
243 |
76 |
| Taxation paid |
53 |
|
(151) |
(245) |
| Distributions paid |
54 |
|
(298) |
(221) |
| Net cash inflow from
operating activities |
|
|
793 |
609 |
| |
|
|
|
|
| Cash flows from
investing activities |
|
|
|
|
| Acquisition of subsidiaries
and businesses |
55 |
|
(64) |
(165) |
| Disposal of subsidiaries, businesses
and associates |
|
|
1 |
93 |
| Housing loans provided to clients
secured by retirement fund assets |
|
|
(750) |
— |
| Repayment of loans advanced
to associates |
|
|
3 |
3 |
| Investment in financial assets |
|
|
(81) |
(30) |
| Disposals/redemptions of financial
assets |
|
|
43 |
23 |
| Acquisition of property, equipment
and computer software |
|
|
(92) |
(132) |
| Proceeds on disposal of property
and equipment |
|
|
9 |
10 |
| Net cash outflow
from investing activities |
|
|
(931) |
(198) |
| |
|
|
|
|
| Cash flows from
financing activities |
|
|
|
|
| Net proceeds of share issues |
|
|
1 |
1 175 |
| Purchase of treasury shares |
|
|
(49) |
(12) |
| Purchase of treasury shares
held on behalf of policyholders in multi-manager
investment subsidiary |
|
|
(23) |
(10) |
| Securitisation funding for housing
loans |
|
|
750 |
— |
| Repayment of borrowings |
|
|
(468) |
(1 575) |
| Refinancing of borrowings |
|
|
400 |
202 |
| Withdrawal of matching deposit |
|
|
—
|
227 |
| Funding of premium finance receivables |
|
|
(24) |
(25) |
| Cash settlement of retirement
obligations |
|
|
(82) |
(59) |
| Distributions to minority
shareholders |
|
|
(52) |
(46) |
| Net cash outflow
from financing activities |
|
|
453 |
(123) |
| |
|
|
|
|
| Net movement in cash and cash
equivalents |
|
|
315 |
288 |
| Cash and cash equivalents at
beginning of year |
|
|
2 628 |
2 356 |
| Foreign subsidiaries exchange
differences |
|
|
(140) |
(16) |
| Cash and cash
equivalents at end of year |
|
|
2 803 |
2 628 |
