Separate statement of cash flows

for the year ended June 30 2019 
R’000 
    2018 
R’000 
 
Cash flows from operating activities  1 645        23 153     
   Cash utilised by operations  (21 109)       (20 048)   
   Finance income  5 424        4 375    
   Taxation paid  (2 290)       (8 894)   
   Dividends received  1 998 504        1 825 363    
   Dividends paid  (1 978 884)       (1 777 643)   
Cash effects from financing activities                
   Increase in amounts owing by subsidiaries  (509)       (462)  
Net increase in cash and cash equivalents  1 136        22 691    
   Cash and cash equivalents at beginning of year  31 349        8 658    
Cash and cash equivalents at end of year  32 485        31 349