 |
|
|
|
|
|
| |
|
|
2004
|
|
2003*
|
| |
Notes
|
|
Rm
|
|
Rm
|
| Cash flows from operating activities |
|
|
5 582
|
|
5 281
|
| Cash received from clients |
|
|
31 782
|
|
35 699
|
| Cash paid to clients, staff and suppliers |
|
|
(26 570)
|
|
(30 668)
|
| Dividends received on investments |
|
|
143
|
|
152
|
| Recoveries on loans previously written off |
|
|
227
|
|
98
|
| Change in working funds |
|
|
(11 804)
|
|
(14 124)
|
| Increase in operating assets |
|
|
(21 565)
|
|
(13 634)
|
| Increase/(Decrease) in operating liabilities |
|
|
9 761
|
|
(490)
|
| |
|
|
|
|
|
| Cash utilised by operating activities before
taxation |
|
|
(6 222)
|
|
(8 843)
|
| Taxation paid |
|
|
(835)
|
|
(616)
|
| Net cash utilised by operating activities |
|
|
(7 057)
|
|
(9 459)
|
| Cash flows from investment activities |
|
|
2 836
|
|
2 654
|
| Acquisition of property and equipment |
|
|
(948)
|
|
(1 007)
|
| Proceeds on disposal of property and equipment |
|
|
277
|
|
145
|
| Net income on investment banking assets |
|
|
97
|
|
243
|
| Net proceeds from disposal of investments
in associate companies and other investments |
|
|
1
642
|
|
552
|
| Net proceeds from disposal of insurance assets |
|
|
1 516
|
|
2 739
|
| Disposal of investments in subsidiary companies
net of cash |
|
|
343
|
|
236
|
| Acquisition of investments in subsidiary
companies net of cash |
|
|
(91)
|
|
(254)
|
| Cash flows from financing activities |
|
|
1 903
|
|
2 063
|
| Proceeds from issue of ordinary shares |
|
|
5 211
|
|
380
|
| Proceeds from issue of preference shares
by Nedbank Limited |
|
|
|
|
815
|
| Shares repurchased by subsidiary company |
|
|
|
|
(111)
|
| Net (decrease)/increase in long-term debt
instruments |
|
|
(2 778)
|
|
2 507
|
| Dividends paid to ordinary shareholders |
|
|
(269)
|
|
(1 395)
|
| Preference dividends paid |
|
|
(261)
|
|
(133)
|
| Effects of exchange
rate changes on cash and short-term funds (excluding
foreign
borrowings) |
|
|
141
|
|
362
|
| Net decrease in cash and short-term funds |
|
|
(2 177)
|
|
(4 380)
|
| Cash and short-term funds at beginning of
year |
|
|
12 227
|
|
16 607
|
| Cash and short-term funds at end of year |
|
|
10
050
|
|
12 227
|
| |
|
|
|
|
