95 / 184
Group
2017
2016
Note
R’000
R’000
Cash flows from operating activities
Cash generated from operations
29
494 191
316 548
Interest received
1 237 127
1 078 280
Dividend received
516 921
604 369
Tax paid
30
(347 208)
(370 246)
Net cash from operating activities
1 901 031
1 628 951
Cash flows from investing activities
Purchases of property and equipment
2
(71 232)
(104 896)
Improvements to investment property
3
(3 816)
(96)
Software development
4
(35 865)
(26 784)
Purchase of financial assets
5,15
(19 893 027)
(16 683 118)
Proceeds from sale of furniture and equipment
338
339
Proceeds from sale of investment property
–
42 795
Proceeds from disposal of financial assets
19 185 240
14 237 205
Net cash used in investing activities
(818 362)
(2 534 555)
Cash flows from financing activities
Proceeds from issue of share capital of subsidiary to minority
23 030
65 259
Decrease in borrowings
16
(5 677)
(4 632)
Net cash from financing activities
17 353
60 627
Net increase/(decrease) in cash and bank
1 100 022
(844 977)
Cash and bank at beginning of year
1 916 639
2 761 616
Cash and bank at end of year
8
3 016 661
1 916 639
CONSOLIDATED STATEMENT OF
CASH FLOWS
for the year ended
31 December 2017
93