100 / 203
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