| |
|
2016 |
2015 |
| |
|
R’000 |
R’000 |
15 |
NOTES TO THE STATEMENT OF CASH FLOW |
|
|
15.1 |
Cash utilised in operations |
|
|
| |
Profit before taxation |
1 182 565 |
1 700 073 |
| |
Adjusted for: |
(1 187 847) |
(1 708 243) |
| |
– dividends received |
(1 176 071) |
(1 786 104) |
| |
– interest received |
(64 870) |
(59 224) |
| |
– impairment of available-for-sale listed investments |
30 344 |
114 258 |
| |
– finance costs |
22 750 |
22 827 |
| |
|
|
|
| |
|
(5 282) |
(8 170) |
15.2 |
Dividends received |
|
|
| |
Credited to the income statement |
1 176 071 |
1 786 104 |
| |
|
|
|
15.3 |
Movements in working capital |
|
|
| |
Movement in other receivables |
(186 193) |
(97 768) |
| |
Movement in other payables (excluding escrow investment interest accrual) |
(13 686) |
(2 302) |
| |
|
(199 879) |
(100 070) |
15.4 |
Taxation paid |
|
|
| |
Unpaid at beginning of year |
(955) |
(4 279) |
| |
Charged to the income statement |
(8 113) |
7 608 |
| |
Movement in deferred taxation |
(10 016) |
(21 308) |
| |
Unpaid at end of year |
1 489 |
955 |
| |
|
(17 595) |
(17 024) |
15.5 |
Dividends paid |
|
|
| |
Unpaid at beginning of year |
(2 451) |
(1 268) |
| |
Declared during the year (refer
note 14) |
(698 035) |
(1 186 660) |
| |
Unpaid at end of year |
2 623 |
2 451 |
| |
|
(697 863) |
(1 185 477) |
| |
|
|
|