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Integrated Report 2016
ANNUAL FINANCIAL STATEMENTS
(continued)
SIX
THREE
ONE
FOUR
TWO
COMPANY STATEMENTS OF CASH FLOW
Notes
2016
R’000
2015
R’000
Cash flows from operating activities
Operating loss before working capital changes
L.1
(354)
(266)
Cash utilised in operations
(354)
(266)
Finance income
49 490
65 247
Finance costs, excluding accrual
(42 420)
(59 577)
Dividend income
A
304 656
–
Dividends paid, excluding accrual
(196 291)
(81)
Taxation paid
L.2
(2 651)
(2 771)
Net cash inflow from operating activities
112 430
2 552
Cash flows from investing activities
Decrease in investments
L.3
–
345
Net cash inflow from investing activities
–
345
Cash flows from financing activities
Proceeds from issue of share capital
190
2 028
Net increase in amounts owing to Group companies
287 976
249 062
Net cash inflow from financing activities
288 166
251 090
Net increase in cash and cash equivalents
400 596
253 987
Cash and cash equivalents at beginning of year
(398 229)
(652 216)
Cash and cash equivalents at end of year
E
2 367
(398 229)