Consolidated statement of cash flows

for the year ended June 30

	Note	2016 R’000	2015 R’000
Cash flows from operating activities		4 740 623	4 042 878
Cash generated by operations	7	6 642 467	5 095 000
Finance income		66 846	29 173
Finance charges	8	(267 379)	(251 455)
Taxation paid	9	(1 150 888)	(814 430)
Distributions to shareholders	10	(550 423)	(15 410)
Cash flows from investment activities		(2 349 552)	(3 466 969)
Amounts repaid by (advanced to) associates		29 075	(26 841)
Proceeds on disposal of investments		344 319	47 799
Investments acquired		(105 222)	(64 095)
Additions to property, plant and equipment		(1 988 422)	(1 587 472)
Additions to intangible assets		(123 906)	(125 245)
Proceeds on disposal of property, plant and equipment		87 180	437 683
Proceeds on disposal of intangible assets		–	6 315
Acquisition of businesses, subsidiaries and associates	11	(720 637)	(2 159 895)
Proceeds on disposal of interests in subsidiaries and associates, and disposal and closure of businesses	12	128 061	4 782
Cash flows from financing activities		(808 142)	(1 401 338)
Disposal of treasury shares		12 420	–
Borrowings raised		4 363 215	2 032 614
Borrowings repaid		(5 183 777)	(3 433 952)

Net increase (decrease) in cash and cash equivalents		1 582 929	(825 429)
Cash and cash equivalents at beginning of year		3 632 604	4 372 476
Effects of exchange rate fluctuations on cash and cash equivalents		289 976	85 557
Cash and cash equivalents at end of year		5 505 509	3 632 604
Cash and cash equivalents comprise
Cash and cash equivalents		5 505 509	3 632 608
Bank overdrafts included in short-term portion of borrowings	24	–	(4)
		5 505 509	3 632 604