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Annual Report 2002
Cash flow statements for the year
ended 30 June 2002
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| |
Note
|
2002
|
2001
|
2002
|
2001
|
| |
|
Group
|
Group
|
Company
|
Company
|
| |
|
$’000
|
$’000
|
$’000
|
$’000
|
|
Operating activities
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|
|
|
|
|
|
Cash generated (used in)/from operations
|
21
|
(13,955)
|
3,398
|
1,363
|
9,669
|
|
Financial income
|
|
184
|
22
|
3
|
17
|
|
Interest paid
|
|
(636)
|
(82)
|
(43)
|
-
|
|
Cash (out)/in flows from operating activities
|
|
(14,407)
|
3,338
|
1,323
|
9,686
|
| |
|
|
|
|
|
|
Investing activities
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|
|
|
|
|
|
Proceeds from sale of plant and equipment
|
|
-
|
4
|
-
|
-
|
|
Acquisition of property, plant and
equipment
|
|
(30,046)
|
(168)
|
(43)
|
(3)
|
|
Transfer of property, plant and
equipment
|
|
374
|
-
|
24
|
-
|
|
Acquisition of mining investments
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|
(1,011)
|
(10,980)
|
(2)
|
(9,587)
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|
Reduction/(increase) in other investments
|
|
-
|
721
|
(109)
|
-
|
|
Foreign exchange loss in investments
|
|
(400)
|
(1,600)
|
-
|
(3)
|
|
Cash flows from investing activities
|
|
(31,083)
|
(12,023)
|
(130)
|
(9,593)
|
| |
|
|
|
|
|
|
Financing activities
|
|
|
|
|
|
|
Proceeds of share issue in Makwiro
Platinum Mines (Private) Limited
|
17
|
30,000
|
-
|
-
|
-
|
|
Proceeds from long term borrowings
|
|
29,104
|
-
|
-
|
-
|
|
Proceeds from short term borrowings
|
|
-
|
8,788
|
-
|
-
|
|
Conversion of short term loans into
equity
|
|
(8,788)
|
-
|
-
|
-
|
|
Cash flows from financing activities
|
|
50,316
|
8,788
|
-
|
-
|
| |
|
|
|
|
|
|
Increase in cash and cash
equivalents
|
|
4,826
|
103
|
1,193
|
93
|
| |
|
|
|
|
|
|
Movement in cash and cash equivalents
|
|
|
|
|
|
|
Cash on hand at beginning of year
|
|
1,726
|
1,623
|
1,667
|
1,574
|
|
Increase
|
|
4,826
|
103
|
1,193
|
93
|
|
Cash on hand at end of year
|
14
|
6,552
|
1,726
|
2,860
|
1,667
|
|
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|
