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Company statement of cash flows
For the year ended 31 May 2014
| |
Notes |
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| 2014
R’000 |
|
2013
R’000 |
|
| Cash flows from operating activities |
|
|
| (17 969) |
| 8 526 |
|
| Interest received |
|
|
| 527 |
| 3 630 |
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| Interest paid |
|
|
| (775) |
| (400) |
|
| Taxation paid |
|
|
| (8 254) |
|
(1 295) |
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| Net cash flows from operating activities |
|
|
| (26 471) |
|
10 461 |
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| Cash flows from investing activities |
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|
|
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| Acquisition of property, plant and equipment |
|
|
| (141) |
| (868) |
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| Proceeds on sale of property, plant and equipment |
| |
| 63 |
| 474 |
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| Acquisition of intangible assets |
|
|
| (34) |
| (9) |
|
| Loans repaid by subsidiaries |
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| 21 227 |
| 248 492 |
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| Loans advanced to subsidiaries |
| |
| (27 714) |
| (38 586) |
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| Acquisition of subsidiaries |
| |
| (25 201) |
| (36 569) |
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| Loans advanced to joint venture |
|
|
| (85 765) |
| — |
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| Acquisition of investment in joint venture |
|
|
| — |
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(110 345) |
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| Net cash flows from investing activities |
|
|
| (117 565) |
|
62 589 |
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| Cash flows from financing activities |
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|
|
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| Borrowings raised from subsidiaries |
|
|
| 324 091 |
| 99 220 |
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| Dividends paid |
| |
| (168 627) |
| (155 137) |
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| Treasury shares acquired |
|
|
| (11 120) |
|
(17 223) |
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| Net cash flows from financing activities |
|
|
| 144 344 |
|
(73 140) |
|
| Increase/(decrease) in cash and cash equivalents |
| |
| 308 |
| (90) |
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| Cash and cash equivalents at the beginning of the period |
|
|
| 1 110 |
|
1 200 |
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| Cash and cash equivalents at the end of the period |
|
|
| 1 418 |
|
1 110 |
|
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