Table of Contents Table of Contents
Previous Page  100 / 203 Next Page
Information
Show Menu
Previous Page 100 / 203 Next Page
Page Background

99

Group

2018

2017

Note

R'000

R'000

Cash flows from operating activities

Cash generated from operations

29

173 554

494 191

Interest received

1 324 493

1 237 127

Dividend received

637 782

516 921

Tax paid

30

(375 675)

(347 208)

Net cash from operating activities

1 760 154

1 901 031

Cash flows from investing activities

Purchases of property and equipment

2

(86 734)

(71 232)

Improvements to investment property

3

(43 441)

(3 816)

Software development

4

(53 382)

(35 865)

Purchase of financial assets

5,15

(20 106 331)

(19 893 027)

Proceeds from sale of furniture and equipment

600

338

Proceeds from disposal of financial assets

18 173 523

19 185 240

Net cash used in investing activities

(2 115 765)

(818 362)

Cash flows from financing activities

Proceeds from issue of share capital of subsidiary to minority

14 994

23 030

Purchase of minority's interest in subsidiary

(114 123)

Decrease in borrowings

16

(7 014)

(5 677)

Net cash (outflow)/inflow from financing activities

(106 143)

17 353

Net increase/(decrease) in cash and bank

(461 754)

1 100 022

Cash and cash equivalents at beginning of year

3 016 661

1 916 639

Cash and cash equivalents at end of year

8

2 554 907

3 016 661

CONSOLIDATED

STATEMENT OF

CASH FLOWS

for the year ended 31 December 2018