| |
Note |
2003 |
|
2002 |
|
| Cash flows from operating activities |
|
|
|
|
| |
|
|
|
|
| Profit from operations |
|
82,135 |
|
93,963 |
| |
|
|
|
|
| Depreciation and amortisation |
|
11,228 |
|
18,036 |
| |
|
|
|
|
| Employee benefits |
|
(2,087) |
|
679 |
| |
|
|
|
|
| Decrease in deferred revenue |
|
(772) |
|
(872) |
| |
|
|
|
|
| Increase in creditors and amounts due to related parties |
|
3,455 |
|
1,546 |
| |
|
|
|
|
| Decrease in customers' deposits |
|
(1,301) |
|
(458) |
| |
|
|
|
|
Decrease/(Increase) in debtors
and amounts due from
related parties |
|
|
6,511 |
|
(4,979)
|
| |
|
|
|
|
| Profits tax paid |
|
(19,080) |
|
(9,299) |
|
| Net cash from operating activities |
|
80,089 |
|
98,616 |
| |
|
|
|
|
|
| Cash flows from investing activities |
|
|
|
|
| |
|
|
|
|
Net decrease/(increase) in placements
with banks (other
than cash equivalents) |
|
15,000 |
|
(191,000) |
| |
|
|
|
|
| Capital projects |
|
(50,750) |
|
(10,848) |
| |
|
|
|
|
| Rental received |
|
549 |
|
3,227 |
| |
|
|
|
|
| Interest received |
|
8,270 |
|
13,146 |
|
| Net cash used in investing activities |
|
(26,931) |
|
(185,475) |
| |
|
|
|
|
|
| Cash flows from financing activities |
|
|
|
|
| |
|
|
|
|
| Loan repayments |
15 |
(23,660) |
|
(23,660) |
| |
|
|
|
|
| Interest paid |
|
(2,561) |
|
(6,058) |
| |
|
|
|
|
| Dividend paid |
|
(27,570) |
|
(27,687) |
|
| Net cash used in financing activities |
|
(53,791) |
|
(57,405) |
| |
|
|
|
|
|
| Net decrease in cash and cash equivalents |
|
(633) |
|
(144,264) |
| |
|
|
|
|
| Cash and cash equivalents at 1 April 2002 |
|
3,005 |
|
147,269 |
|
| Cash and cash equivalents at 31 March 2003 |
18 |
2,372 |
|
3,005 |
|
| |
| The notes on the accounts form part of these
accounts. |
|
