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Company cash flow statement

for the year ended 31 March

  Notes   2016 
R'000 
  2015 
R'000 
 
Cash flows from operating activities                   
Cash generated from operations  16     96     40 283    
Interest received        2 814     6 707    
Interest paid        (179)    –    
Income tax paid  17     (7 472)    (6 021)   
Dividends received        878 294     3 956 500    
Dividends paid  18     (878 216)    (938 669)   
Net cash (utilised in)/generated from operating activities        (4 663)    3 058 800    
Cash flows from investment activities                   
Loan advanced to associate        –     (2 189)   
Acquisition of additional interest in subsidiary        –     (52 520)   
Net cash utilised for investment activities        –     (54 709)   
Cash flows generated from financing activities                   
Treasury shares acquired  14     –     (200 000)   
Shares repurchased  14     –     (2 819 243)   
(Decrease)/increase in amounts due to subsidiaries        (832)    980    
Decrease in share scheme loan        7 024     12 962    
Net cash generated from/(utilised in) financing activities        6 192     (3 005 301)   
Net increase/(decrease) in cash and cash equivalents        1 529     (1 210)   
Cash and cash equivalents at beginning of the year, net of bank overdrafts        161     1 371    
Cash and cash equivalents at end of the year, net of bank overdrafts  13     1 690     161    

The notes on page 72 to page 81 form an integral part of these company financial statements.

The company’s accounting policies are included with the group’s accounting policies on page 11 to page 23.