Adcock Ingram Integrated Report 2018

ANNUAL FINANCIAL STATEMENTS 72 ADCOCK INGRAM  Integrated Report 2018 2018 2017 Notes R’000 R’000 Cash flows from operating activities Operating profit before working capital changes 26.1 1 197 842 1 001 808 Working capital changes 26.2 (342 968) (233 935) Cash generated from operations 854 874 767 873 Finance income received 26.6 17 363 16 938 Finance costs paid 26.7 (25 605) (41 612) Dividend income received 26.8 30 100 21 368 Dividends paid 26.3 (247 143) (175 853) Taxation paid 26.4 (246 663) (133 281) Net cash inflow from operating activities 382 926 455 433 Cash flows from investing activities Decrease in other financial assets 26.10 5 232 32 356 Acquisition of business 26.5 (327 623) (9 875) Disposal of businesses 2.2 – 291 096 Purchase of property, plant and equipment – Expansion (84 684) (75 930) – Replacement (134 564) (87 308) Purchase of intangible assets (4 450) (70 821) Proceeds on disposal of property, plant and equipment 6 911 2 298 Net cash (outflow)/inflow from investing activities (539 178) 81 816 Cash flows from financing activities Purchase of treasury shares 18.2, 19 (518) – Increase in borrowings 26.9 – 9 917 Repayment of borrowings 26.9 (276 177) (252 223) Net cash outflow from financing activities (276 695) (242 306) Net (decrease)/increase in cash and cash equivalents (432 947) 294 943 Net foreign exchange difference on cash and cash equivalents 2 248 (2 954) Cash and cash equivalents at beginning of year 586 451 294 462 Cash and cash equivalents at end of year 17 155 752 586 451 Consolidated statements of cash flows