Company statement of cash flows
for the year ended June 30

 

  Note   2011  
R’000  
    2010  
R’000  
Cash flows from operating activities     3 196 878       (131 600) 
Cash generated by operations   2   4 850 700       1 248 672  
Taxation paid   3   (129 462)      (803) 
Refunds of share premium to shareholders in lieu of dividends     –       (1 379 469) 
Dividends paid     (1 524 360)      –  
Cash effects of investment activities     249 891       (1 037 103) 
Decrease (increase) in advances to subsidiaries     75 621       (1 113 044) 
Acquisition of subsidiaries and associates   4   (175 522)      (540 820) 
Proceeds on disposal of subsidiaries, joint ventures and associates   5   349 792       616 761  
Cash effects of financing activities     (3 465 829)      1 233 119  
Proceeds from share issues     –       1 233 119  
Buy-back of shares     (3 465 829)      –  
Net increase (decrease) in cash and cash equivalents     (19 060)      64 416  
Cash and cash equivalents at beginning of year     116 073       51 657  
Cash and cash equivalents at end of year     97 013       116 073