AFRICAN DAWN ANNUAL REPORT 2017 34 Statement of Cash flows Group Company Notes 2017 2016 2017 2016 R’000 R’000 R’000 R’000 Cash flows from operating activities Cash generated by/(used in) operations 30 4,836 3,490 (2,573) (7,769) Interest income 25 84 346 1 256 Finance costs – excluding SARS interest on income tax 27 (2,403) (2,080) (401) - Tax paid 31 322 (1,307) - - Net cash from operating activities 2,839 449 (2,973) (7,513) Cash flows from investing activities Purchase of property, plant and equipment 3 (44) (570) - - Proceeds on disposal of property, plant and equipment 31 248 - 3 Purchase of intangible assets 5 (303) (346) - - Proceeds from loans from group companies 10 - - 1,229 173 Repayment of loans from group companies 10 - - (2) (3) Net cash from investing activities (316) (668) 1,227 173 Cash flows from financing activities Borrowings repaid 15 (4,562) (11,280) - (1,750) Finance lease payments 16 (19) (163) - - Directors loans raised/(repaid) 18 1,036 (730) 1,036 (730) Net cash from financing activities (3,545) (12,173) 1,036 (2,480) Total cash movement for the year (1,022) (12,392) (710) (9,820) Cash at the beginning of the year 3,005 15,397 788 10,608 Total cash at end of the year 13 1,983 3,005 78 788
AFRICAN DAWN 2017
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