Company statement of cash flows

For the year ended 31 May 2016

	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