158 / 198
For the year ended 31 May 2016
BLUE LABEL INTEGRATED ANNUAL REPORT 2016
156
COMPANY STATEMENT OF CASH FLOWS
Notes
2016
R’000
2015
R’000
Cash flows from operating activities
18
(9 273)
47 833
Interest received
327
250
Interest paid
(7 812)
(6 284)
Taxation paid
19
271
(648)
Net cash (utilised)/generated by operations
(16 487)
41 151
Cash flows from investing activities
Acquisition of property and equipment
3
(853)
(310)
Proceeds on sale of property and equipment
252
1
Acquisition of intangible assets
4
(8)
(19)
Loans repaid by subsidiaries
16 989
99 431
Loans advanced to subsidiaries
(164 332)
(22 416)
Acquisition of subsidiaries
—
(144 975)
Proceeds from disposal of subsidiary
8 086
2 400
Loans advanced to Blue Label Mexico
6
—
(48 979)
Capital contribution to Blue Label Mexico
6
(42 654)
—
Settlement of contingent consideration
(1 931)
(4 113)
Net cash utilised in investing activities
(184 451)
(118 980)
Cash flows from financing activities
Borrowings raised from subsidiaries
13
432 108
279 942
Dividends paid
(209 098)
(182 117)
Treasury shares acquired
10
(23 052)
(19 131)
Net cash generated from financing activities
199 958
78 694
Net (decrease)/increase in cash and cash equivalents
(980)
865
Cash and cash equivalents at the beginning of the period
2 283
1 418
Cash and cash equivalents at the end of the period
9
1 303
2 283