Annual Financial Statements 30 June 2001

ANNUAL REPORT 2001 Financial Review Ratios and Statistics Responsibility for Annual Financial Statements Report of the Independent Auditors Report of the Directors Consolidated Balance Sheet Consolidated Income Statement Consolidated Cash Flow Statement Notes to the Consolidated Cash Flow Statement Group Statement of Changes in Equity Accounting Policies Statement of Value Created Notes to the Consolidated Financial Statements Murray & Roberts Holdings Limited Financial Statements Notes to the Murray & Roberts Holdings Limited Financial Statements Annexure 1 – Major Operating Subsidiaries and Associate Companies Annexure 2 – Long and Short-term Loans Annexure 3 – Group Segmental and Geographic Report Picture Gallery Home

Consolidated  Cash Flow Statement  for the year ended 30 June 2001

Expressed in Millions of Rand

	Notes		2001	2000
Cash flows from operating activities			581,9	189,8
Cash generated by operations	A		582,5	465,7
Net interest paid			(6,3)	(64,3)
Taxation paid	B		(18,7)	(31,1)
Operating cash flow			557,5	370,3
Dividends paid			–	(180,5)
Dividends received			24,4	–
Cash flows from investing activities			(82,6)	(453,7)
Acquisition of businesses	C		(96,4)	(113,8)
Acquisition of investments			10,2	(35,5)
Purchase of property, plant and equipment			(248,4)	(528,2)
Replacement of property, plant and equipment			(36,3)	(278,0)
Additions to property, plant and equipment			(212,1)	(250,2)
Non-operating closure costs			–	(8,7)
Proceeds on disposal of property, plant and equipment			74,5	235,8
Proceeds on disposal of businesses	D		177,5	(3,3)
Net cash generated/(utilised)			499,3	(263,9)
Cash flows from financing activities			(191,7)	(54,2)
Reduction of borrowings	E		(74,7)	(89,1)
Repurchase of shares			(43,2)	–
Movement in Share Trust holding cost			(0,8)	4,7
(Decrease)/increase in short-term borrowings			(73,0)	30,2
Net increase/(decrease) in cash			307,6	(318,1)
Cash at beginning of year			984,2	1 302,3
Cash at end of year			1 291,8	984,2