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Company statement of cash flows
for the year ended June 30
| Note | 2012 R’000 |
2011 R’000 |
|||
| Cash flows from operating activities | (775 709) | 3 196 878 | |||
| Cash generated by operations | 2 | 1 336 269 | 4 850 700 | ||
| Taxation paid | 3 | (97 393) | (129 462) | ||
| Dividends paid | (2 014 585) | (1 524 360) | |||
| Cash effects of investment activities | 712 077 | 249 891 | |||
| Decrease in advances to subsidiaries | 823 083 | 75 621 | |||
| Acquisition of subsidiaries and associates | 4 | (111 006) | (175 522) | ||
| Proceeds on disposal of subsidiaries, joint ventures and associates | 5 | – | 349 792 | ||
| Cash effects of financing activities | 56 247 | (3 465 829) | |||
| Proceeds from share issues | 56 247 | – | |||
| Buy-back and cancellation of shares | – | (3 465 829) | |||
| Net increase in cash and cash equivalents | (7 385) | (19 060) | |||
| Cash and cash equivalents at beginning of year | 97 013 | 116 073 | |||
| Cash and cash equivalents at end of year | 89 628 | 97 013 | |||
