| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 25 |
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2013
R’000 |
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2012
R’000 |
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| 25. |
Cash generated by operations |
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Reconciliation of operating profit to cash generated by operating activities: |
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Operating profit including discontinued operation |
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645 671 |
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643 828 |
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Adjustments for: |
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Depreciation of property, plant and equipment |
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36 911 |
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39 588 |
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Amortisation of intangible assets |
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78 930 |
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66 686 |
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Impairment of property, plant and equipment |
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3 408 |
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12 787 |
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Impairment of intangible assets |
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— |
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204 |
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Impairment of goodwill |
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— |
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4 684 |
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Discounting of receivables recognised in revenue |
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127 771 |
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111 269 |
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Discounting of payables recognised in changes in inventories of finished goods |
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(143 329) |
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(177 774) |
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Impairment of loans |
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8 400 |
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— |
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Profit on disposal of property, plant and equipment |
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(789) |
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(90) |
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Net (profit)/loss on disposal of subsidiaries |
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(120) |
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3 014 |
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Net (profit)/loss on disposal of joint ventures |
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(2 273) |
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3 025 |
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Equity compensation benefit scheme expense |
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16 180 |
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22 126 |
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Transaction with non-controlling interest reserve movement |
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— |
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(566) |
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Net unrealised forex profit |
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(8 037) |
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(9 001) |
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Changes in working capital (excluding the effects of acquisitions and disposals): |
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(Increase)/decrease in inventories |
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(1 319 938) |
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472 922 |
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Increase in trade and other receivables |
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(155 979) |
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(474 927) |
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Increase/(decrease) in trade and other payables |
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448 236 |
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(97 573) |
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Decrease in loans receivable |
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3 570 |
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6 781 |
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Decrease in starter pack assets |
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4 004 |
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29 446 |
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(257 384) |
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656 429 |
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| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 25 |
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