for the year ended 30 June
| R million | 2014 | 2013 | ||
| 13. | CASH FLOW INFORMATION | |||
| 13.1 | Cash generated by operations | |||
| Operating profit | 702 | 815 | ||
| Non cash items and items dealt with separately: | ||||
| Movement in FEC liability | 55 | – | ||
| Dividend income | (714) | (819) | ||
| Cash utilised by operations before working capital changes | 43 | (4) | ||
| Working capital changes | ||||
| Accounts receivable | – | 44 | ||
| Accounts payable and accruals | 29 | 18 | ||
| 72 | 58 | |||
| 13.2 | Tax paid | |||
| (Liability)/asset at beginning of year | (1) | 3 | ||
| Current year tax charged to statements of comprehensive income (refer note 4) | (16) | (14) | ||
| Prior year tax charged to statements of comprehensive income (refer note 4) | 1 | (2) | ||
| Withholding tax | (1) | (4) | ||
| Liability at end of year | 8 | 1 | ||
| (9) | (16) | |||
| 13.3 | Investment income | |||
| Dividends received | 714 | 819 | ||
| Interest income | 61 | 46 | ||
| Imputed interest on loans receivable | 9 | 6 | ||
| 784 | 871 | |||
| 13.4 | Other non current investments and loans (made)/realised | |||
| (Increase)/decrease in loans to subsidiaries | (673) | 127 | ||
| Increase in share incentive schemes | (29) | (4) | ||
| (702) | 123 | |||
| 13.5 | Increase/(decrease) in borrowings | |||
| Increase/(decrease) in non current borrowings | 293 | (700) | ||
| Imputed interest on V&A loan | 9 | 6 | ||
| Increase in bank overdraft | (7) | (20) | ||
| 295 | (714) | |||
| 13.6 | Interest paid | |||
| Interest expense | (77) | (80) | ||
| Imputed interest on V&A loan | (9) | (6) | ||
| (86) | (86) |