COMPANY CASHFLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER

    2008   2007
  Notes Rm   Rm
Cash generated by operations 7 3 032   2 526
Cash received from clients – interest income       3
BEE transaction share-based payments expense   5   12
Cash paid to clients, employees and suppliers   (20)   (25)
Dividends received on investments   3 047   2 536
Change in funds for operating activities   (1 257)   (576)
Decrease in operating assets   213   588
Decrease in operating liabilities   (1 470)   (1 164)
         
Net cash generated from operating activities before taxation   1 775   1 950
Taxation paid 8 19   147
Cashflows from operating activities   1 756   1 803
Cashflows utilised by investing activities   (2)   (274)
Acquisition of investments in subsidiary companies   (2)   (274)
Cashflows utilised by financing activities   (1 754)   (1 529)
Proceeds from issue of ordinary shares   1 312   1 169
Dividends paid to ordinary shareholders   (3 066)   (2 698)
         
Net increase/(decrease) in cash and cash equivalents for the year   -   -