Company statement of cash flows

For the year ended 31 May 2013

	Note	2013 R’000	2012 R’000
Cash flows from operating activities	18	8 526	48 913
Finance income	16	3 630	2 968
Finance costs	16	(400)	(36)
Taxation paid	19	(1 295)	(10 950)
Dividends received		—	4 798
Net cash flows from operating activities		10 461	45 693
Cash flows from investing activities
Acquisition of property, plant and equipment	3	(868)	(614)
Proceeds on sale of property, plant and equipment		474	—
Acquisition of intangible assets	4	(9)	(249)
Loans repaid by subsidiaries		248 492	522 039
Loans advanced to subsidiaries		(38 586)	(28 298)
Acquisition of subsidiaries		(36 569)	—
Proceeds on sale of subsidiary		—	3 907
Acquisition of joint venture		(110 345)	—
Loans granted to associate and joint venture		—	(27 572)
Net cash flows from investing activities		62 589	469 213
Cash flows from financing activities
Borrowings raised from subsidiaries	13	99 220	—
Dividends paid		(155 137)	(107 044)
Acquisition of shares		—	(392 378)
Treasury shares acquired		(17 223)	(16 095)
Net cash flows from financing activities		(73 140)	(515 517)
Decrease in cash and cash equivalents		(90)	(611)
Cash and cash equivalents at the beginning of the period		1 200	1 811
Cash and cash equivalents at the end of the period	9	1 110	1 200