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Integrated Report 2016
ANNUAL FINANCIAL STATEMENTS
(continued)
SIX
THREE
ONE
FOUR
TWO
2.
DISCONTINUED OPERATIONS
(continued)
2.2 STATEMENT OF FINANCIAL POSITION
(continued)
LIABILITIES
Long-term borrowings
5 464
Short-term borrowings
5 971
Bank overdraft
13 102
Trade and other payables
71 733
Provisions
3 835
Total liabilities
100 105
Net assets/(liabilities) classified as held-for-sale
India
527 174
Ayrton
(16 641)
Net assets
510 533
Foreign currency translation reserve related to assets classified as held-for-sale:
(148 663)
India
(203 987)
Ayrton
55 324
Share issue expenses related to assets classified as held-for-sale – India
3 665
Net assets
365 535
2.3 CASH FLOW STATEMENT
Included in the Group’s consolidated statement of cash flows are cash flows from the Indian
and Ayrton discontinued operations. These cash flows are included in operating, investing
and financing activities as follows:
Cash outflow from operating activities
(6 061)
(15 804)
Cash outflow from investing activities
(1 962)
(7 522)
Cash (outflow)/inflow from financing activities
(8 419)
12 516
Net cash outflow
(16 442)
(10 810)
3.
REVENUE
Turnover
5 545 610
5 158 901
Finance income
5 107
13 144
Dividend income – Black Managers Share Trust
9 179
10 670
5 559 896
5 182 715
2016
R’000
2015
R’000