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 | |||||