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Notes to the financial statements

for the year ended 31 March 2007

1. CASH (APPLIED TO)/GENERATED FROM OPERATIONS 2. PROPERTY, PLANT AND EQUIPMENT 3. INTANGIBLE ASSETS 4. INTERESTS IN SUBSIDIARIES 5. TRADE AND OTHER RECEIVABLES 6.CASH AND CASH EQUIVALENTS 7. SHARE CAPITAL 8. PROVISIONS 9. TRADE AND OTHER PAYABLES 10. CONTIBUTIONS RECIEVED IN ADVANCE 11. REVENUE 12. COST OF SALES 13. OTHER INCOME 14. OTHER ADMINISTRATIVE EXPENSES 15. INCOME TAX EXPENSE 16. COMMITMENTS 17. RELATED PARTY TRANSACTIONS 18.OPERATING LEASES 19. DIRECTORS' AND EXECUTIVE MEMBERS' REMUNERATION

			2007	2006
		Note	R’000	R’000
1.	CASH (APPLIED TO)/GENERATED FROM OPERATIONS
	Surplus for the year		79 093	1 189
	Adjustments for:
	Tax	15	–	486
	Investment income		(23 677)	(15 326)
	Finance costs		100	139
	Foreign exchange (profit)/loss		(72 226)	13 512
	Depreciation of property, plant and equipment		9 668	2 981
	Amortisation of intangible assets		2 349	1 013
	Changes in working capital
	(Increase)/decrease in trade and other receivables		(58 244)	14 885
	Increase in trade and other payables		5 585	96 817
	Decrease in contributions received in advance		(245 371)	(26 750)
	Increase in provisions	8	22 002	7 075
	Cash (applied to)/generated from operating activities		(280 721)	96 021
	Acquisition of property, plant and equipment		(27 693)	(9 654)
	Acquisition of intangible assets		(4 508)	(1 693)
	Net cash applied in investing activities		(32 201)	(11 347)
	Income taxes refunded/(paid)
	Balance paid in advance at beginning of period		2 072	693
	Income statement charge		–	(485)
	Balance receivable at end of period		(1 861)	(2 072)
	Income taxes refunded/(paid)		211	(1 864)

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