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 | |||||