Company statement of cash flow

FOR THE YEAR ENDED 30 JUNE 2013

2013  2012
Note R’000  R’000
Cash retained from operating activities 822 002  299 526
Cash generated by operating activities 1 665 985  1 061 774
Cash utilised in operations 12.1 (3 033) (17 352)
Investment income 12.2 1 758 951  1 162 405
Movements in working capital 12.3 (89 933) (83 279)
Interest income 29 972  29 570
Finance costs (88 794) (19 452)
Taxation paid 12.4 (17 677) (74 671)
Dividends paid 12.5 (767 484) (697 695)
Cash utilised in investing activities
Proceeds on disposal of available-for-sale investments 12.6 36 975  663 650
Cash generated by/(utilised by) financing activities (690 496) (741 964)
Preference shares issued –  2 310 000
Preference shares redeemed (750 000) (708 700)
Net movement in group company balances 59 504  (2 343 264)
Cash resources
– increase for the year 168 481  221 212
– at beginning of year 241 409  20 197
– at end of year 409 890  241 409