condensed GROUP STATEMENT OF CASH FLOWS

 

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  Six months
ended
30 November
2015
Unaudited
R’000		       Six months
ended
30 November
2014
Unaudited
R’000		 Year
ended
31 May
2015
Audited
R’000		  
Cash generated by operations 1 241 467       (132 478) 429 806  
Interest received 17 460       6 637 15 995  
Interest paid (11 716)       (28 400) (67 811)  
Taxation paid (157 779)       (150 146) (245 495)  
Net cash generated from/(utilised in) operating activities 1 089 432       (304 387) 132 495  
Cash flows from investing activities              
Acquisition of intangible assets and property, plant and equipment (84 782)       (90 599) (178 684)  
Acquisition of subsidiaries net of cash acquired –       (143 767) (157 460)  
Disposal of subsidiary net of cash disposed 13 219       – –  
Proceeds on disposal of associate –       – 94 897  
Loans advanced to Blue Label Mexico* (42 654)       (48 979) (48 979)  
Loans granted (11 390)       (5 597) (10 315)  
Loans granted to associates (32 000)       (257) (14 353)  
Other investing activities 1 143       2 307 (13 857)  
Net cash utilised in investing activities (156 464)       (286 892) (328 751)  
Cash flows from financing activities              
Acquisition of treasury shares (23 052)       (19 131) (19 131)  
Dividends paid to non-controlling interest (4 000)       (2 850) (4 874)  
Dividends paid (209 098)       (182 117) (182 117)  
Other financing activities –       (449) 846  
Net cash utilised in financing activities (236 150)       (204 547) (205 276)  
Net increase/(decrease) in cash and cash equivalents 696 818       (795 826) (401 532)  
Cash and cash equivalents at the beginning of the year 788 411       1 184 131 1 184 131  
Translation difference (2 488)       41 5 812  
Cash and cash equivalents at the end of the year 1 482 741       388 346 788 411  

* These loans were subsequently capitalised.