| Cash Flow for Net 1 UEPS Technologies Inc. (UEPS) | | | | | | | Cash Flow | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Net Income | 86,695 | 63,679 | 59,232 | 44,562 | 13,278 | | Depreciation & Amortization | 10,822 | 11,050 | 5,710 | 6,591 | 5,676 | | Deferred Income Taxes | 1,979 | 1,802 | 9,126 | 5,954 | (1,232) | | Operating Losses | 111 | 558 | (687) | (1,014) | 7,235 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (9,983) | (9,469) | (13,870) | (5,462) | (7,954) | | Decrease in Inventories | (1,138) | (2,203) | (109) | (979) | (44) | | Decrease in Other Current Assets | 416 | 155 | 3,199 | 1,063 | - | | Increase in Payables | 24,353 | (1,470) | 13,183 | (1,850) | 6,770 | | Increase in Other Current Liabilities | 1,369 | 268 | (471) | (10,723) | 18,166 | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 4,136 | 1,096 | 464 | - | - | | Net Cash from Continuing Operations | 118,760 | 65,466 | 75,777 | 38,142 | 41,895 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 118,760 | 65,466 | 75,777 | 38,142 | 41,895 | | | | Sale of Property, Plant, Equipment | 160 | 685 | 336 | 39 | 62 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (3,563) | (3,745) | (1,821) | (3,436) | (2,802) | | Acquisitions | - | (92,403) | (4,020) | - | (2,052) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (500) | 1,622 | - | - | (929) | | Cash from Investing Activities | (3,903) | (91,540) | (5,505) | (3,397) | (5,721) | | | Issuance of Debt | 1,462 | 84,657 | 20 | - | 17 | | Issuance of Capital Stock | 2,845 | 909 | 33,661 | - | 53,678 | | | Repayment of Debt | (1,443) | (84,854) | - | (19) | - | | Repurchase of Capital Stock | - | (1,000) | (3,958) | - | - | | Payment of Cash Dividends | - | - | - | - | (77,755) | | Other Financing Charges, Net | - | 3,513 | - | - | - | | Cash from Financing Activities | 2,864 | 3,225 | 29,723 | (19) | (24,060) | | | | Effect of Exchange Rate Changes | (16,973) | 4,841 | (18,009) | (7,259) | 13,855 | | Net Change in Cash | 100,748 | (18,008) | 81,986 | 27,467 | 25,969 | | | Cash at Beginning of Year | 171,727 | 189,735 | 107,749 | 80,282 | 54,313 | | Cash at End of Period | 272,475 | 171,727 | 189,735 | 107,749 | 80,282 | | | |
