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NOTES to the Cash Flow Statements –

for the year ended June 2006

COMPANY 2005 2006 R’000 R’000

GROUP 2006 R’000

2005 R’000

A. Cash generated from operations 132 021 67 624 555 — — — — — — —

68 396 80 079 589 — — — — — (1 630) —

— (364 892) 2 950 282 441 — — — 120 699 10 165 — (890) 11 055 —

— (27 908) 2 828 — — — — 122 354 19 909 — (1 435) 21 344 —

130 864

142 263

(3 631) — (1 539)

(10 476) (28 092) (67)

— — (1 414)

— — 1 922

— — 1 414 (5 170)

— — (1 922) (38 635)

361 759 — 1 041 2 092 364 892

— — 25 321 2 587 27 908

Operating profit Amortisation of intangible assets Depreciation Impairment charge Reversal of impairment losses Loss on disposal of property, plant and equipment Profit on disposal of investment property Loss/(profit) on disposal of intangible assets Profit on sale of FCC Fair value gains on investment property Fair value gains on financial liabilities not included in finance costs Investment income Share-based payment expense – employees Share-based payment expense – BEE Cash flow hedges recognised in equity Deferred revenue – amounts received in advance Goodwill in respect of acquisition of Aspen Nutritionals written down Cash operating profit Changes in working capital Increase in inventories Increase in trade and other receivables Increase in trade and other payables Decrease in provisions and retirement benefit obligations

968 356 91 845 47 525 60 484 (776) 35 (698) 73 — —

493 424 94 811 35 385 34 960 (31) 89 — (1 911) — (500)

3 056 (72 853) 27 630 — — 2 241 546 1 127 464 (487 524) (408 560) (193 068) 116 727 (2 623)

(16) (37 575) 11 558 282 441 9 669 — 7 018 929 322 (52 864) (149 199) (47 546) 145 478 (1 597)

639 940

876 458

(93 202) (28 092) (7 058)

(76 275) — (8 273)

4 334 10 459 (122)

(10 010) 2 318 (7 198)

(4 334) (10 459) 122 (128 352)

10 010 (2 318) 7 198 (84 548)

— 24 25 321 47 508 72 853

— — 1 041 36 534 37 575

B. Net financing costs paid Interest paid Dividend paid to preference shareholders Net foreign exchange losses Fair value gains/(losses) on financial instruments – Cross-currency swaps – Forward exchange contracts Notional interest on financial instruments Deduct: non-cash financing costs Fair value (gains)/losses on financial instruments: – Cross-currency swaps – Forward exchange contracts Notional interest on financial instruments

C. Investment income received Dividends from subsidiaries Dividends received Preference share dividend received Interest received

68

Aspen Annual Report 2006

Profile for Aspen Holdings

Aspen Annual Report 2006  

Aspen Annual Report 2006