S U M M A R I S E D
C O N S O L I D AT E D
C A S H F L O W S TAT E M E N T
Unaudited
Unaudited
Audited
6 months to
6 months
to 12 months
to (R millions)
31.12.04
31.12.03
30.06.04 Cash
generated by operations before working capital
changes 301
274
533 Cash
outflow from discontinued headlease property activities
(31) (67)
(114)
Increase in working capital
(362) (89)
(88)
Cash (utilised in) generated by operations
(92)
118 331
Interest and taxation
(14) (24)
(43)
Operating cash flow
(106)
94
288 Dividends
paid (96)
(119) (167)
Dividends paid to minority shareholders
by subsidiaries (17)
–
(1) Cash
(utilised) retained in operations (219)
(25)
120 Net
investment activities (618)
(81)
(253) Net
funds flow (837)
(106)
(133) S U M M A R I S E D
S TAT E M E N T O F
C H A N G E S I N E Q U I T Y
Unaudited
Unaudited
Audited
6 months to
6 months
to 12 months
to (R millions)
31.12.04
31.12.03
30.06.04 Opening
balance 2
607 2 484
2 484 Earnings
attributable to ordinary shareholders 244
229
484 Movement
in revaluation reserve (1)
–
(2) Movement
in non-trading financial asset reserve 16
–
12 Movement
in hedging reserve –
–
2 Foreign
currency translation movement on investments (94)
(141)
(163) Change
in cost of shares held by The Murray & Roberts Trust
– (15)
(43)
Dividend declared and paid
(96) (119)
(167)
2
676 2 438
2 607 S E G M E N TA L
A N A LY S I S
Unaudited
Unaudited Audited
(R millions)
31.12.04 31.12.03
30.06.04
REVENUE
Construction & engineering
3 232 2
087 4 153
Construction materials & services
1 522
1 405 2
886 Fabrication
& manufacture 425
314
763 Corporate
–
–
1 Ongoing
operations 5
179 3 806
7 803 Discontinued
operations 182
357
621 Revenue
as reported 5
361 4 163
8 424 EBIT
Construction
& engineering 68
78
177 Construction
materials & services 147
135
274 Fabrication
& manufacture 43
29
80 Corporate
(50)
(47) (100)
Ongoing operations
208 195
431
Discontinued operations
(5) (8)
(10)
EBIT as reported
203
187 421
