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FINANCIAL OVERVIEW
Note
2017
R’000
2016
R’000
Cash flows from operating activities
2 254 867
4 740 623
Cash generated by operations
7
5 446 111
6 642 467
Finance income received
4
96 763
66 846
Finance charges paid
8
(297 821)
(267 379)
Taxation paid
9
(1 343 351)
(1 150 888)
Dividends paid
10
(1 646 835)
(550 423)
Cash effects of investment activities
(2 230 046)
(2 349 552)
Amounts (advanced to) repaid by associates
(80 575)
29 075
Proceeds on disposal of investments
680 235
344 319
Investments acquired
(9 858)
(105 222)
Additions to property, plant and equipment
(2 158 660)
(1 988 422)
Additions to intangible assets
(117 679)
(123 906)
Proceeds on disposal of property, plant and equipment
323 111
87 180
Proceeds on disposal of intangible assets
18 730
–
Acquisition of businesses, subsidiaries and associate
11
(1 315 161)
(720 637)
Proceeds on disposal of interests in subsidiaries and associate
12
429 811
128 061
Cash effects of financing activities
1 471 746
(808 142)
Proceeds on disposal of treasury shares
154 544
12 420
Borrowings raised
5 499 736
4 363 215
Borrowings repaid
(4 126 025)
(5 183 777)
Payments to non-controlling interests
(56 509)
–
Net increase in cash and cash equivalents
1 496 567
1 582 929
Cash and cash equivalents at beginning of year
5 505 509
3 632 604
Effects of exchange rate fluctuations on cash and cash equivalents
(654 027)
289 976
Cash and cash equivalents at end of year
6 348 049
5 505 509
Consolidated statement of cash flows
for the year ended June 30
FINANCIAL STAT MENTS
Annual integrated report 2017
Bid Corporation Limited
78