| NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS l NOTE 18 |
|
| |
| |
2016
R’000 |
|
2015
R’000 |
|
| Reconciliation of operating loss to cash flows from operating activities |
|
|
|
|
| Operating profit |
183 493 |
|
42 431 |
|
| Adjustments for: |
|
|
|
|
| Dividends received |
(3 598) |
|
— |
|
| Depreciation of property and equipment |
6 190 |
|
6 315 |
|
| Amortisation on intangible assets |
54 |
|
203 |
|
| Impairment of loans and investments |
2 496 |
|
23 484 |
|
| Reversal of impairment of loans and investments |
(157 914) |
|
(53 927) |
|
| Loss/(profit) on disposal of property, plant and equipment |
4 |
|
(1) |
|
| (Profit)/loss on disposal of subsidiaries |
(900) |
|
334 |
|
| Equity compensation benefit expense |
8 241 |
|
11 274 |
|
| Net unrealised foreign exchange profit |
(25 066) |
|
(10 503) |
|
| Changes in working capital: |
|
|
|
|
| Increase in trade and other receivables |
(2 051) |
|
(1 742) |
|
| (Decrease)/increase in trade and other payables |
(20 222) |
|
29 965 |
|
| |
(9 273) |
|
47 833 |
|
|
| NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS l NOTE 18 |
|
|