Company statement of cash flows

FOR THE YEAR ENDED 31 MAY 2011

	Note	2011 R’000	2010 R’000
Cash flows from operating activities	18	1 834	(7 113)
Finance income	18	9 116	7 503
Finance costs	16	(121)	(50)
Taxation paid	19	(8 455)	—
Dividends received		631	—
Net cash flows from operating activities		3 005	340
Cash flows from investing activities
Acquisition of property, plant and equipment	3	(15 027)	(26 338)
Proceeds on sale of property, plant and equipment		310	157
Acquisition of intangible assets	4	(807)	(46)
Proceeds on sale of intangible assets		—	3 866
Loans repaid by subsidiaries*		139 081	74 067
Loans advanced by subsidiaries*		(23 334)	(24 888)
Acquisition of investment in joint venture		(1)	—
Loans repaid by associate and joint venture		(112)	4
Net cash flows from investing activities		100 110	26 822
Cash flows from financing activities
Dividends paid		(91 457)	—
Treasury shares acquired		(8 790)	(27 924)
Net cash flows from financing activities		(100 247)	(27 924)
Decrease in cash and cash equivalents		2 868	(762)
Cash and cash equivalents at the beginning of the period		(1 057)	(295)
Cash and cash equivalents at the end of the period	9	1 811	(1 057)

* The cashflows in respect of the loans have been split to ensure gross presentation, with the comparative information updated accordingly.

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