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FINANCIAL OVERVIEW
Separate statement of cash flows
for the year ended June 30
Note
2017
R’000
2016
R’000
Cash flows from operating activities
7 474
741 726
Cash utilised by operations
5
(481)
(3 805)
Finance income received
4 942
2 437
Finance charges paid
–
(2 251)
Taxation paid
6
(392)
(4 426)
Dividends received
1 650 240
1 036 584
Dividends paid
(1 646 835)
(286 813)
Cash effects of investment activities
–
3 613
Increase in investment of subsidiaries
–
(4 199)
Proceeds on disposal of interests in subsidiaries
–
7 812
Cash effects of financing activities
(3 703)
(740 452)
Amounts (paid) received to subsidiaries
(3 703)
3 746
The Bidvest Group Limited loan settlement
–
(744 198)
Net increase in cash and cash equivalents
3 771
4 887
Cash and cash equivalents at beginning of year
4 887
–
Cash and cash equivalents at end of year
8 658
4 887
FINANCIAL STAT MENTS
Annual integrated report 2017
Bid Corporation Limited
138