Consolidated statements of cash flows

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  Unaudited 
six months 
ended 
31 December 
2016 
R’000 
  Unaudited 
six months 
ended 
31 December 
2015 
R’000 
  Audited 
year 
ended 
30 June 
2016 
R’000 
Cash flows from operating activities          
Operating profit from continuing operations 322 663    238 272    553 245 
Operating profit/(loss) from discontinued operations (note 4.1) 8 416    11 065    (198 712)
Operating profit 331 079    249 337    354 533 
Other adjustments and non-cash items 102 532    113 628    472 839 
Operating profit before working capital changes 433 611    362 965    827 372 
Working capital changes (65 997)   (93 249)   113 752 
Cash generated from operations 367 614    269 716    941 124 
Finance income received 5 344    4 504    17 249 
Finance costs paid (24 696)   (44 050)   (86 689)
Dividend income received 18 268    19 150    23 835 
Dividends paid (78 635)   (117 952)   (196 977)
Taxation paid (1 452)   (52 075)   (176 421)
Net cash inflow from operating activities 286 443    79 293    522 121 
Cash flows from investing activities          
Decrease in other financial assets 26 945    6 686    11 961 
Disposal of business (note 4.3) 291 096    –    – 
Purchase of property, plant and equipment – expansion (2 450)   (25 454)   (34 650)
  – replacement (33 029)   (18 762)   (60 792)
Purchase of intangible assets (45 822)   –    – 
Proceeds on disposal of property, plant and equipment 1 931    137    486 
Proceeds on disposal of intangibles –    –    2 009 
Disposal of non-controlling interest in Blue Falcon Trading Proprietary Limited –    (11 616)   (11 616)
Net cash inflow/(outflow) from investing activities 238 671    (49 009)   (92 602)
Cash flows from financing activities          
Acquisition of non-controlling interests in Ayrton Drug Manufacturing Limited –    –    (2)
Proceeds from issue of share capital –    190    190 
Proceeds from sale of shares –    30 410    30 410 
Increase in borrowings 7 822    –    – 
Repayment of borrowings (200 000)   (2 932)   (19 816)
Net cash (outflow)/inflow from financing activities (192 178)   27 668    10 782 
Net increase in cash and cash equivalents 332 936    57 952    440 301 
Net foreign exchange difference on cash and cash equivalents (2 909)   19 983    10 992 
Cash and cash equivalents at beginning of period/year 294 462    (156 831)   (156 831)
Cash and cash equivalents at end of period/year 624 489    (78 896)   294 462 
Split as follows:          
Cash and cash equivalents 634 567    192 115    200 555 
Bank overdraft (10 078)   (421 008)   (11 755)
Net cash position per statement of financial position 624 489    (228 893)   188 800 
Cash at banks attributable to discontinued operations –    149 997    105 662 
Cash and cash equivalents at end of period/year 624 489    (78 896)   294 462