Consolidated Cash Flow Statement

Foschini Limited and its subsidiaries 2006 2005
  Rm Rm
Cash flows from operating activities    
Operating profit before working capital changes 1 085,9 835,3
Increase in working capital (555,4) (340,0)
Cash generated by operations 530,5 495,3
Increase in private label card receivables (188,4) (96,4)
Increase in loan receivables (158,6) (121,8)
Interest received 644,1 488,9
Interest paid (79,1) (58,4)
Taxation paid (464,2) (355,5)
Dividends paid (412,7) (265,4)
Net cash (outflows) inflows from operating activities (128,4) 86,7
Cash flows from investing activities    
Purchase of property, plant and equipment (282,7) (184,3)
Proceeds from sale of property, plant and equipment 4,8 5,4
Decrease in participation in export partnerships 94,2 20,6
Decrease in loans 2,5 2,2
Shares purchased by share trust (256,9) (183,2)
Acquisition of additional interest in subsidiary (9,6)
Proceeds on dilution of interest in subsidiary 263,8
Net cash outflows from investing activities (174,3) (348,9)
Cash flows from financing activities    
Proceeds on delivery of shares by share trust 80,1 34,4
Increase in interest-bearing debt 243,6 233,0
Increase in short-term loans 5,3 1,8
Net cash inflows from financing activities 329,0 269,2
Net increase in cash and cash equivalents during the year 26,3 7,0
Cash and cash equivalents at the beginning of the year 36,2 29,2
Cash and cash equivalents at the end of the year 62,5 36,2