132 / 170
Page 128
| Bidcorp Limited Annual integrated report 2016
Company statement of cash flows
for the year ended June 30
Note
2016
R’000
2015
R’000
Cash flows from operating activities
741 726
749 932
Cash (utilised) generated by operations
6
(3 805)
349
Finance income
2 437
375
Finance charges
(2 251)
–
Taxation paid
7
(4 426)
(1 043)
Dividends received
1 036 584
750 251
Dividends paid
(286 813)
–
Cash flows from investment activities
3 613
(1 500)
Increase in investment of subsidiaries
(4 199)
(1 500)
Proceeds on disposal of interests in subsidiaries
7 812
–
Cash flows from financing activities
(740 452)
(748 432)
Movement in amounts to subsidiaries
3 746
(801)
Other payables repaid
5
(744 198)
(747 631)
Net increase in cash and cash equivalents
4 887
–
Cash and cash equivalents at beginning of year
–
–
Cash and cash equivalents at end of year
4 887
–