Statements of cash flows
for the year ended 31 March 2013

      Group Company
  Figures in Rand million Note(s)  2013   2012   2013   2012  
  Cash flows from operating activities            
  Cash (used in)/from operations   36   (1 174)  (840)  (1 104)  (680) 
  Interest received     1 689   1 562   1 881   1 572  
  Dividends received     3 189   2 918   2 344   2 308  
  Finance costs     (734)  (388)  (636)  (347) 
  Tax (paid) received   38   (104)  (217)  (154)  (197) 
  Changes in operating funds     5 746   (1 366)  4 166   (2 543) 
  Increase on operating assets     (3 356)  (4 606)  (3 678)  (6 457) 
  Increase in operating liabilities     9 102   3 240   7 844   3 914  
  Net cash from operating activities     8 612   1 669   6 497   113  
  Cash flows from investing activities            
  Purchase of property, plant and equipment   14   (1 493)  (814)  (12)  (9) 
  Sale of property, plant and equipment   14   12   49   –   37  
  Purchase of investment property   13   (4)  (17)  (6)  –  
  Purchase of other intangible assets   16   –   (1)  –   –  
  Business combinations   37   (27)  –   –   –  
  Acquisition of investments     (5 882)  (801)  (5 528)  (191) 
  Purchase of biological assets   15   (15)  (5)  –   –  
  Proceeds on sale of biological assets   15   1   –   –   4  
  Purchase of other assets     –   –   –   (2) 
  Proceeds on realisation of investments     25   1 978   25   1 978  
  Net cash (used in)/from investing activities     (7 383)  389   (5 521)  1 817  
  Cash flows from financing activities            
  Dividends paid     (50)  (50)  (50)  (50) 
  Net cash used in financing activities     (50)  (50)  (50)  (50) 
  Net increase in cash and cash equivalents     1 179   2 008   926   1 880  
  Cash at the beginning of the year     7 822   5 814   7 117   5 237  
  Total cash at end of the year   4   9 001   7 822   8 043   7 117  

Coega Dairy Holdings

The IDC has identified increased competition in the dairy value chain and import substitution in the cheese industry as key sector development goals. We also singled out the need for increased farmer (and specifically B-BBEE) participation in dairy value-adding initiatives.

Windtown Lagoon Resort 

The newly built Windtown Lagoon Resort and Spa reflects the IDC’s focus to funding community-based projects that have potential to create employment opportunities in far-flung regions.


APPROVALS
R13.1 billion
DISBURSEMENTS
R16.0 billion
JOBS FACILITATED
18 922
JOBS SAVED
3 950
© The IDC 2013. All rights not expressly allowed are reserved. P.O. Box 784055, Sandton, 2146, South Africa