NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS – NOTE 18

    2015
R’000
      2014
R'000
 
18. CASH GENERATED/(UTILISED) BY OPERATIONS            
  Reconciliation of operating loss to cash flows from operating activities            
  Operating profit/(loss) 42 431       (30 273)  
  Adjustments for:            
  Dividends received       (10 107)  
  Depreciation of property, plant and equipment 6 315       6 786  
  Amortisation on intangible assets 203       233  
  Impairment of loans and investments 23 484       30 136  
  Reversal of impairment of loans and investments (53 927)        
  Profit on disposal of property, plant and equipment (1)       (23)  
  Loss on disposal of subsidiaries 334        
  Equity compensation benefit expense 11 274       4 972  
  Net unrealised foreign exchange profit (10 503)       (2 864)  
  Changes in working capital:            
  (Increase)/decrease in trade and other receivables (1 742)       4 723  
  Increase/(decrease) in trade and other payables 29 965       (21 552)  
    47 833       (17 969)  

NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS – NOTE 18