for the year ended 30 June 2016
2016 | 2015 | ||||
Note | R’000 | R’000 | |||
Cash generated from operating activities | 297 572 | 511 760 | |||
Net cash generated from operating activities | 970 910 | 1 677 864 | |||
Cash utilised in operations | 15.1 | (5 282) | (8 170) | ||
Dividends received | 15.2 | 1 176 071 | 1 786 104 | ||
Movements in working capital | 15.3 | (199 879) | (100 070) | ||
Interest income | 64 870 | 59 224 | |||
Finance costs | (22 750) | (22 827) | |||
Taxation paid | 15.4 | (17 595) | (17 024) | ||
Dividends paid | 15.5 | (697 863) | (1 185 477) | ||
Cash utilised in investing activities | – | (571 953) | |||
Acquisition of interest in foreign listed associate | 3 | – | (121 953) | ||
Acquisition of remaining 50% of Dwarsrivier Chrome Mine subject to conditions precedent | 5 |
– | (450 000) | ||
Cash (utilised by)/generated by financing activities | (293 483) | 100 914 | |||
Preference shares redeemed | 10 | (346 100) | – | ||
Repayment of loan accounts by subsidiary companies | 52 617 | 100 914 | |||
Cash resources | |||||
– increase for the year | 4 089 | 40 721 | |||
– at beginning of year | 698 125 | 657 404 | |||
– at end of year | 6 | 702 214 | 698 125 | ||