AFRICAN DAWN ANNUAL REPORT 2019 39 Statement of Cash flows Group Company Notes 2019 2018 2019 2018 R’000 R’000 R’000 R’000 Cash flows from operating activities Cash generated (used in)/by operations 29 (1,560) 6,837 (2,751) (8,292) Interest income - continued 24 4 27 1 - Interest income - discontinued 28 - 5 - - Finance costs - continued 25 (1,505) (1,114) (580) (63) Finance costs - discontinued 28 - (169) - - Tax (paid) 30 (5,662) (3,010) (3,312) (1,042) Net cash from operating activities (8,723) 2,576 (6,642) (9,397) Cash flows from investing activities Purchase of property, plant and equipment - continued 3 (2) (17) - - Investment in subsidiary 6 - - (5,000) - Purchase of intangible assets - continued 5 (40) (344) - - Sale of subsidiary- cash effect 11 (4) - - - Sale of subsidiary- discontinued 10 - 3,570 - 3,625 Proceeds from sale of equity controlled instrument - 12 1,000 1,000 discontinued Advances to group companies 8 (398) Proceeds from loans to Group companies - continued 8 - - 2,415 6,727 Net cash from investing activities (46) 4,209 (2,983) 11,352 Cash flows from financing activities (refer to Note 29 for movements reconciliation) Share issue 16 9,380 9,380 Borrowings repaid - continued 17 (4,628) (1,337) (1,142) - Borrowings repaid - discontinued 17 - (6,164) - Borrowings raised 17 3,841 - 1,551 Repayment of loans from Group companies - continued 8 - - (2,346) (1,140) Directors loans raised 18 3,102 - 3,101 - Directors loans (repaid) 18 (967) (838) (967) (838) Net cash from financing activities 10,728 (8,339) 9,577 (1,978) Total cash movement for the year 1,959 (1,554) (48) (23) Cash at the beginning of the year 429 1,983 55 78 Total cash at end of the year 15 2,388 429 7 55
AFDAWN AR FINAL 2019
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