NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS – NOTE L

    2016 
R’000 
  2015 
R’000 
 
L. NOTES TO THE STATEMENTS OF CASH FLOWS        
L.1 OPERATING LOSS BEFORE WORKING CAPITAL CHANGES        
  Profit before taxation 291 527     7 203    
   Adjusted for:              
   – dividend income  (304 656)    –    
   – finance income  (49 490)    (65 247)   
   – finance costs  41 444     57 778    
   – one-off call option charge  20 821     –    
      (354)    (266)   
L.2  TAXATION PAID             
   Amounts overpaid/(underpaid) at beginning of year  103     (551)   
   Amounts charged to the statement of comprehensive income  (2 154)    (2 117)   
   Amount overpaid at end of year  (600)    (103)   
      (2 651)    (2 771)   
L.3  DECREASE IN INVESTMENTS             
   Proceeds on sale of 1% interest in Group Risk Holdings Proprietary Limited  –     345   

NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS – NOTE L