AFRICAN DAWN ANNUAL REPORT 2018 38 Statement of Cash flows Group Company Notes 2018 2017 2018 2017 R’000 R’000 R’000 R’000 Cash flows from operating activities Cash generated (used in) /by operations 32 6,837 4,836 (8,292) (2,573) Interest income - continued 26 27 31 - 1 Interest income - discontinued 31 5 53 Finance costs - excluding SARS interest on income tax - continued 28 (1,114) (1,718) (63) (401) Finance costs - excluding SARS interest on income tax - discontinued 31 (169) (685) Tax (paid)/refunded 33 (3,010) 322 (1,042) - Net cash from operating activities 2,576 2,839 (9,397) (2,973) Cash flows from investing activities Purchase of property, plant and equipment - continued 3 (17) (44) - - Proceeds on disposal of property, plant and equipment - continued 3 - 31 - - Purchase of intangible assets - continued 5 (344) (303) - - Sale of subsidiary- continued 12 3,570 - 3,625 - Proceeds from sale of equity controlled instrument - discontinued 13 1,000 1,000 - Proceeds from loans to Group companies - continued 9 - - 6,727 1,229 Net cash from investing activities 4,209 (316) 11,352 1,229 Cash flows from financing activities Borrowings repaid - continued 18 (1,337) (4,562) - - Borrowings repaid - discontinued 18 (6,164) - - Repayment of loans from Group companies - continued 9 - - (1,140) (2) Finance lease payments - continued - (19) - - Directors loans (repaid)/raised - continued 19 (838) 1,036 (838) 1,036 Net cash from financing activities (8,339) (3,545) (1,978) 1,034 Total cash movement for the year (1554) (1,022) (23) (710) Cash at the beginning of the year 1,983 3,005 78 788 Total cash at end of the year 16 429 1,983 55 78
AFRICAN DAWN 2018 Annual Report
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