for the year ended 31 March 2011
2010 |
2011 |
|
|---|---|---|
Rm |
Rm |
|
| Net cash and cash equivalents | 3,793 | 1,773 |
| Cash shown as current assets | 3,855 | 1,784 |
| Cash and bank balances | 828 | 757 |
| Short-term deposits | 3,027 | 1,027 |
| Credit facilities utilised | (62) | (11) |
| The significant decrease in cash and bank balances and short-term deposits is due to the payment of mobile expansion capital expenditure and operating expenses, the advancement of USD132 million (R956 million) to Multi-Links for operational expenses, the settlement of the Telcordia dispute of R608 million as well as the repayment of the Private Placing debt instruments (PP02 and PP03) of R1,780 million. |