Annual Financial Statements

Company statements of cash flows

for the year ended 30 June

  R million   Notes   2014   2013  
 

Cash flows from operating activities  

     
  Cash generated by operations   13.1   72   58  
  Tax paid   13.2   (9)  (16) 
  Net cash inflow from operating activities     63   42  
         
 

Cash flows from investing activities  

     
  Increase in investment in SFIR     (56)  –  
  Investment income   13.3   784   871  
  Other non current investments and loans (made)/realised   13.4   (702)  123  
  Net cash inflow from investing activities     26   994  
         
 

Cash flows from financing activities  

     
  Increase/(decrease) in borrowings   13.5   295   (714) 
  Interest paid   13.6   (86)  (86) 
  Dividends paid   5   (255)  (268) 
  Increase in share capital     –   32  
  Net cash outflow from financing activities     (46)  (1 036) 
         
  Net cash and cash equivalents movement for the year     43   –  
  Cash and cash equivalents at beginning of year     14   14  
  Cash and cash equivalents at end of year     57   14