Financial statements

Separate statement of cash flows

for the year ended June 30  Note     2018
R'000 
   2017
R'000 
  
Cash flows from operating activities  23 153     7 474    
   Cash utilised by operations  7     (20 048)    (481)   
   Finance income  4 375     4 942    
   Taxation paid  8     (8 894)    (392)   
   Dividends received  1 825 363     1 650 240    
   Dividends paid  (1 777 643)    (1 646 835)   
Cash effects of financing activities 
   Increase in amounts owing by subsidiaries  (462)    (3 703)   
Net increase in cash and cash equivalents  22 691     3 771    
   Cash and cash equivalents at beginning of year  8 658     4 887    
Cash and cash equivalents at end of year  31 349     8 658