| Notes | 2023 R'000 |
2022 R'000 |
||
|---|---|---|---|---|
| Cash flows from operating activities | ||||
| Cash utilised by operations | 19 | (2 335) | (12 623) | |
| Interest received | 17 | 432 | 150 | |
| Taxation paid | (44) | — | ||
| Dividends received | 37 464 | 23 800 | ||
| Net cash generated from operating activities | 35 517 | 11 327 | ||
| Cash flows from investing activities | ||||
| Proceeds on disposal of property, plant and equipment | 2 | — | 657 | |
| Receipt of contingent consideration | 7 | — | 117 791 | |
| Loans to group companies repaid | 58 000 | 11 950 | ||
| Loans advanced to group companies | (45 489) | (153 873) | ||
| Net cash generated by/(utilised in) investing activities | 12 511 | (23 475) | ||
| Cash flows from financing activities | ||||
| Treasury shares acquired | 9 | (69 633) | (12 665) | |
| Shares sold to subsidiaries and associates | 30 365 | 34 284 | ||
| Purchase of shares forfeited by subsidiaries and associates | (10 236) | (6 371) | ||
| Loans from related parties repaid | 20 | — | (1 649) | |
| Net cash (utilised in)/generated from financing activities | (49 504) | 13 599 | ||
| Net (decrease)/increase in cash and cash equivalents | (1 476) | 1 451 | ||
| Cash and cash equivalents at the beginning of the year | 2 865 | 1 414 | ||
| Cash and cash equivalents at the end of the year | 8 | 1 389 | 2 865 |
The notes, which include the accounting policies, form an integral part of the annual financial statements.
Blue Label Telecoms Integrated Annual Report 2023
