200 / 248
For the year ended 31 May 2015
198
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
COMPANY STATEMENT OF CASH FLOWS
Notes
2014
R’000
Cash flows from operating activities
18
47 833
(17 969)
Interest received
250
527
Interest paid
(6 284)
(775)
Taxation paid
19
(648)
(8 254)
Cash generated by operations
41 151
(26 471)
Cash flows from investing activities
Acquisition of property, plant and equipment
3
(310)
(141)
Proceeds on sale of property, plant and equipment
1
63
Acquisition of intangible assets
4
(19)
(34)
Loans repaid by subsidiaries
99 431
21 227
Loans advanced to subsidiaries
(22 416)
(27 714)
Acquisition of subsidiaries
(144 975)
(25 201)
Loans advanced to Blue Label Mexico
6
(48 979)
(85 765)
Settlement of contingent consideration
(4 113)
—
Proceeds from disposal of subsidiary
2 400
—
Net cash utilised in investing activities
(118 980)
(117 565)
Cash flows from financing activities
Borrowings raised from subsidiaries
13
279 942
324 091
Dividends paid
(182 117)
(168 627)
Treasury shares acquired
10
(19 131)
(11 120)
Net cash generated from financing activities
78 694
144 344
Net increase in cash and cash equivalents
865
308
Cash and cash equivalents at the beginning of the period
1 418
1 110
Cash and cash equivalents at the end of the period
9
2 283
1 418
The notes on pages 199 to 223 are an integral part of these financial statements.
2015
R’000