Separate statement of cash flows
for the year ended 31 December
Figures in millions unless otherwise stated
| SOUTH AFRICAN RAND | |||||||
| Notes | 2016 | 2015 | |||||
|---|---|---|---|---|---|---|---|
| Cash flows from operating activities | (673.7) | (119.6) | |||||
| Cash utilised in operations | 6 | (85.2) | (78.5) | ||||
| Interest received | – | 0.1 | |||||
| Dividends received | – | 155.6 | |||||
| Change in working capital | 7 | (4.4) | (5.3) | ||||
| Cash (utilised in)/generated by operating activities | (89.6) | 71.9 | |||||
| Taxation paid | 8 | (9.0) | (4.8) | ||||
| Net cash generated by operations | (98.6) | 67.1 | |||||
| Dividends paid | 3 | (575.1) | (186.7) | ||||
| Cash flows from investing activities | – | – | |||||
| Investment in subsidiaries | – | – | |||||
| Cash flows from financing activities | 673.7 | 119.6 | |||||
| Shares issued | 2,312.0 | – | |||||
| Related party loans advanced to subsidiaries | (355.5) | – | |||||
| Related party loans payable (repaid to)/advanced by subsidiaries | (1,282.8) | 119.6 | |||||
| Net cash generated/(utilised) | – | – | |||||
| Cash and cash equivalents at beginning of the year | – | – | |||||
| Cash and cash equivalents at end of the year | – | – | |||||
The accompanying notes form an integral part of these financial statements.