|
|
|
|
|
|
2006 |
2005 |
| |
|
US$m |
US$m |
|
|
|
|
|
|
| 37. |
CASH FLOW INFORMATION (CONTINUED) |
|
|
| 37.2 |
Taxation paid |
|
|
|
Taxation balance at beginning of year |
(1,0) |
– |
|
Balance taken on at acquisition of subsidiary |
– |
(0,3) |
|
Current tax expense for the year |
(2,3) |
(1,5) |
|
Taxation balances at end of year |
1,1 |
1,0 |
| |
Total taxation (paid)/received |
(2,2) |
0,8 |
|
|
|
|
|
|
| 37.3 |
Change in working capital |
|
|
|
Increase/(decrease) in accounts payable and provisions |
5,6 |
(1,4) |
|
Decrease in accounts receivable |
3,9 |
7,9 |
|
Increase in loans and advances |
(12,0) |
(12,7) |
| |
Total change in working capital |
(2,5) |
(6,2) |
|
|
|
|
|
|
| 37.4 |
Dividends paid |
|
|
| |
Dividends represent the final dividend for the year ended 31 March 2005 of US 10,25 cents per share paid in July 2005 and the interim dividend of US 7,85 cents per share paid in November 2005. The comparative represents the final dividend of US 3,25 cents per share paid in August 2004 and the interim dividend of US 3,50 cents per share paid in November 2004. |
|
|
|
|
|
|
|
|
| 37.5 |
Net cash inflow from acquisition of subsidiary |
|
|
|
Total consideration |
– |
(1,1) |
|
Cash and cash equivalents received by the group |
– |
1,5 |
| |
Net cash inflow from acquisition of subsidiary |
– |
0,4 |
| 37.6 |
Non-cash transactions |
|
|
|
The disposal of a portion of the group’s interest in Bayport was settled through the receipt of a 20% share in Ghana Financial Services to the value of US$2,8 million.
|
| |
Dividends paid to the employees under the Brait South Africa Share Scheme 2005 weresettled withthe issuance of treasury shares to the value of US$0,9 million. |
|
|
|
|
|
|
| 38. |
RELATED PARTY TRANSACTIONS |
|
|
|
Transactions between the company and its
subsidiaries, which are related parties, have been eliminated
on consolidation and are not disclosed in this note. Transactions
between the group and its associates are disclosed below.
Transactions between the company and its subsidiaries
and associates are disclosed in the company’s separate
financial statements. Details of transactions between
the group and key management are disclosed under the ‘Remuneration
Report’ on page
42. |
|
Trading transactions |
|
|
|
During the year,group companies entered into the following transactions with related parties who are not members of the group: |
|
|
2006 |
|
2005 |
|
|
|
Amounts |
Amounts |
Amounts |
Amounts |
|
|
owed by |
owed to |
owed by |
owed to |
|
|
related |
related |
related |
related |
| |
|
parties |
parties |
parties |
parties |
|
|
|
|
|
|
| 38.1 |
Associates |
|
|
|
|
|
Sitogo Holdings (Pty) (Limited) (refer note 15 and 27 for further detail) |
1,4 |
(4,3) |
3,6 |
(11,4) |
|
Other |
2,2 |
(2,2) |
1,4 |
(1,3) |
| 38.2 |
Joint ventures |
|
|
|
|
|
Capital Alliance Finance (Pty) (Limited) |
2,8 |
– |
5,4 |
– |
|
The loan has no firm repayment date and carries interest
at Standard Bank prime,as revised from time to time plus
5%. A total of US$0,6 million interest was received during
the year. |
|
|
|
|
| 38.3 |
Key management |
5,1 |
(8,0) |
7,3 |
(11,9) |
| |
(Arising in terms of the Brait Executive Share Incentive Scheme) |
|
|
|
|
|
|
|
|
|
|
|
