ArcelorMittal South Africa
Annual Report 2009
Group
Company
Notes
2009
Rm
2008
Rm
2009
Rm
2008
Rm
Cash generated from operations
31.1
4 706
11 006
4 904
9 324
Interest income
199
318
197
296
Finance cost
(122)
(59)
(89)
(22)
Dividends paid
31.2
(1 627)
(2 398)
(1 627)
(2 398)
Income tax paid
31.3
(934)
(3 087)
(847)
(2 740)
Realised foreign exchange movements
(529)
(202)
(487)
(211)
Cash flows from operating activities
1 693
5 578
2 051
4 249
Investment to maintain operations
31.4
(784)
(1 413)
(733)
(1 204)
Investment to expand operations
31.5
(130)
(419)
(125)
(334)
Proceeds from disposal of property, plant and equipment
2
2
Investment in associate
(524)
(524)
Dividend from equity-accounted investments
88
14
Income from investments dividends
6
338
Income from investments interest
3
3
3
3
Cash flows from investing activities
(1 347)
(1 813)
(1 373)
(1 195)
Borrowings and other payables repaid
(58)
(78)
(48)
(68)
Finance lease obligation repaid
(82)
(25)
(74)
(16)
(Increase)/decrease in loans to subsidiaries
(4 151)
809
Increase in contributions to the Management Share Trust
and other
(17)
(85)
(19)
(94)
Repurchase of shares
(3 918)
Cash flows from financing activities
(4 075)
(188)
(4 292)
631
(Decrease)/increase in cash and cash equivalents
(3 729)
3 577
(3 614)
3 685
Effect of foreign exchange rate changes on cash
and cash equivalents
(352)
818
(285)
776
Cash and cash equivalents at beginning of year
8 429
4 034
8 121
3 660
Cash and cash equivalents at end of year
4 348
8 429
4 222
8 121
Group and company statements of cash flows
for the year ended 31 December 2009
