114 / 182
110 |
Integrated Report 2016
ANNUAL FINANCIAL STATEMENTS
(continued)
26. NOTES TO THE STATEMENTS OF CASH FLOWS
(continued)
26.4 TAXATION PAID
Amounts overpaid at beginning of year
77 948
76 306
Amounts charged to profit or loss
(171 900)
(141 031)
Movement in deferred tax
2 648
55 397
Exchange rate adjustments
(1 149)
(36)
Deconsolidation of Blue Falcon Trading Proprietary Limited
119
–
Amounts overpaid at end of year
(84 087)
(77 948)
(176 421)
(87 312)
26.5 NET CASH FLOW ON DISPOSAL OF BUSINESS
Consideration received
–
7 344
Net cash disposed of
–
(10 007)
Cash outflow
–
(2 663)
26.6 FINANCE INCOME RECEIVED
Finance income – continuing operations
5 107
13 144
– discontinued operations
8 397
6 743
13 504
19 887
Add/(less) – movement in receivable
10 785
(5 478)
– current year receivable transferred to assets held-for-sale
(7 040)
–
17 249
14 409
26.7 FINANCE COSTS PAID
Finance costs – continuing operations
(76 888)
(96 683)
– discontinued operations
(8 574)
(4 300)
(85 462)
(100 983)
Less: movement in accrual
(1 227)
(2 888)
(86 689)
(103 871)
26.8 DECREASE IN OTHER FINANCIAL ASSETS
Proceeds from sale of interest in Group Risk Holdings Proprietary Limited
–
345
Decrease in Black Managers Share Trust
11 961
37 617
11 961
37 962
27. CONTINGENT LIABILITIES
The wholly-owned South African companies in the Group provide cross-sureties for the debt obligations (refer to note 21) and overdraft
facilities (refer to note 17) in South Africa.
2016
R’000
2015
R’000
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS