Company statement of cash flowsfor the year ended 31 May 2024

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   Notes    2024 
R’000 
  2023 
R’000 
Cash flows from operating activities              
Cash received/(utilised) by operations 18    11 972    (2 335)
Interest received 16    1 822    432 
Taxation received/(paid)      44    (44)
Dividends received       2 000    37 464 
Net cash generated from operating activities       15 838    35 517 
Cash flows from investing activities              
Loans to group companies repaid       9 136    58 000 
Loans advanced to group companies       (22 118)   (45 489)
Net cash (utilised in)/generated by investing activities       (12 982)   12 511 
Cash flows from financing activities              
Treasury shares acquired  9        (69 633)
Shares sold to subsidiaries and associates       1 277    30 365 
Purchase of shares forfeited by subsidiaries and associates       (2 212)   (10 236)
Net cash utilised in financing activities       (935)   (49 504)
Net increase/(decrease) in cash and cash equivalents       1 921    (1 476)
Cash and cash equivalents at the beginning of the year       1 389    2 865 
Cash and cash equivalents at the end of the year  8    3 310    1 389 

The notes, which include the accounting policies, form an integral part of the annual financial statements.