Company financial statements

for the year ended 31 December 2004
Figures in million	Notes		2004	2003
			SA Rands
Cash flows from operating activities
Receipts from customers			8,048	8,952
Payments to suppliers and employees			(6,524)	(6,779)
Cash generated from operations	22		1,524	2,173
Interest received			142	149
Environmental contributions	13		(35)	(45)
Dividends received from associates	Group 20		-	9
Finance costs			(276)	(120)
Recoupments tax received: Free State assets			-	681
Recoupments tax paid: Free State assets			-	(681)
Taxation paid			-	(452)
Net cash inflow from operating activities			1,355	1,714
Cash flows from investing activities
Capital expenditure	10
- to expand operations			(1,022)	(545)
- to maintain operations			(1,083)	(1,302)
Proceeds from disposal of tangible assets			4	10
Proceeds from disposal of investments			-	1
Other investments acquired			(234)	(1)
Intra-group loans			2,000	871
Loans advanced			-	(2)
Repayment of loans advanced			402	2
Utilised in hedge restructure			(703)	-
Net cash (outflow) from investing activities			(636)	(966)
Cash flows from financing activities
Proceeds from issue of share capital			22	63
Share issue expenses			(1)	(2)
Proceeds from borrowings			229	2,184
Repayment of borrowings			(1,794)	(412)
Dividends paid	Group 17		(1,197)	(2,336)
Proceeds from hedge restructure			228	-
Net cash outflow from financing activities			(2,513)	(503)
Net (decrease) increase in cash and cash equivalents			(1,794)	245
Cash and cash equivalents at beginning of year			1,886	1,641
Net cash and cash equivalents at end of year	16		92	1,886