| R000s |
2008 |
2007 |
| Cash flows from operating activities |
|
|
| Operating profit (including dividends from associates) |
5 369 433 |
4 505 653 |
| Depreciation and other non-cash items |
1 447 560 |
1 098 638 |
| Cash generated by operations before changes in working capital |
6 816 993 |
5 604 291 |
| Changes in working capital |
(730 298) |
(1 367 396) |
| Cash generated by operations |
6 086 695 |
4 236 895 |
| Net finance charges paid |
(1 237 784) |
(472 697) |
| Taxation paid |
(1 166 305) |
(1 152 174) |
| Distribution of share premium by Company |
(761 148) |
(1 205 633) |
| Dividends to minorities |
(22 995) |
(27 786) |
| |
2 898 463 |
1 378 605 |
| Cash flows from investment activities |
|
|
| Net additions to vehicle rental fleet |
(215 948) |
(134 050) |
| Net additions to property, plant and equipment |
(2 341 458) |
(1 723 174) |
| Net additions to intangible assets |
(228 525) |
(121 552) |
| Net acquisition of subsidiaries, businesses, associates and investments |
(1 290 245) |
(1 125 027) |
| |
(4 076 176) |
(3 103 803) |
| Cash flows from financing activities |
|
|
| Proceeds from shares issued |
47 972 |
494 094 |
| Net purchase of treasury shares |
(560 435) |
(699 593) |
| Net borrowings raised (repaid) |
1 180 666 |
(129 751) |
| |
668 203 |
(335 250) |
 |
|
|
| Net decrease in cash and cash equivalents |
(509 510) |
(2 060 448) |
| Net cash and cash equivalents at the beginning of the year |
616 465 |
2 546 995 |
| Currency adjustments |
201 599 |
129 918 |
| Net cash and cash equivalents at the end of the year |
308 554 |
616 465 |
| Net cash and cash equivalents are made up as follows: |
|
|
| Cash on hand and in the bank |
3 038 618 |
2 374 442 |
| Bank overdrafts included in short-term portion of borrowings |
(2 730 064) |
(1 757 977) |
| |
308 554 |
616 465 |
