Company statement of cash flows

for the year ended 30 June

	Notes	2017 R'000	2016 R'000
Cash inflow (outflow) from operating activities		21 652	(1 170 463)
Cash generated by operations	2	1 562 055	2 101 564
Taxation paid	3	(898)	(36 541)
Dividends paid		(1 539 505)	(3 235 486)
Cash effects of investment activities		(93 749)	1 116 851
(Increase) decrease in advances to subsidiaries		(19 379)	3 893 299
Acquisition of subsidiaries and associates	4	(37 983)	(2 776 448)
Proceeds on disposal of subsidiaries and associates	5	(36 387)	–
Cash effects of financing activities
Proceeds from share issues		–	82 507
Net (decrease) increase in cash and cash equivalents		(72 097)	28 895
Cash and cash equivalents at beginning of year		89 446	60 551
Cash and cash equivalents at end of year		17 349	89 446