Adcock Ingram Integrated Report 2018

107 ADCOCK INGRAM  Integrated Report 2018 Notes to the Company annual financial statements continued ADCOCK INGRAM  Integrated Report 2018 2018 2017 R’000 R’000 J DEFERRED TAX Balance at beginning of year (103) (118) Movement through profit-or-loss 311 17 Revaluation of available-for-sale asset to fair value (7) (2) Balance at end of year 201 (103) This balance comprises the temporary difference relating to the revaluation of the available-for-sale financial asset. K OTHER PAYABLES AND RECEIVABLES K.1 OTHER PAYABLES Interest accrued 1 705 – Shareholders for dividends 962 842 2 667 842 K.2 OTHER RECEIVABLES Interest accrued 93 – L NOTES TO THE STATEMENTS OF CASH FLOWS L.1 OPERATING LOSS BEFORE WORKING CAPITAL CHANGES Profit before taxation 14 648 251 108 Adjusted for: – dividend income (15 759) (250 387) – finance income (24 165) (15 734) – finance costs 24 533 14 636 (743) (377) L.2 TAXATION PAID Amounts overpaid at beginning of year 1 652 600 Amounts released/(charged) to profit or loss 10 (224) Amount overpaid at end of year (1 920) (1 652) (258) (1 276) L.3 DECREASE IN INVESTMENTS Proceeds on sale of 0.885% interest in Group Risk Holdings Proprietary Limited – 318 – 318 M DISTRIBUTIONS Declared and paid during the year Final dividend for 2017: 76 cents per share (2016: 54 cents per share) 113 928 80 949 Interim dividend for 2018: 86 cents per share (2017: 63 cents per share) 128 918 94 440 Total declared and paid 242 846 175 389 M.1 DECLARED SUBSEQUENT TO THE REPORTING DATE Final dividend for 2018: 86 cents per share (2017: 76 cents per share) 128 918 110 671