Page 41 - annualreport2020

AFRICAN DAWN ANNUAL REPORT 2020

Statement of Cash flows

Group Company
Notes 2020 2019 2020 2019
R’000 R’000 R’000 R’000
Cash flows from operating activities

Cash (used in) operations 24 (4,860) (1,560) (2,774) (2,751)
Interest income 20 4 4 - 1
Finance costs 21 (889) (1,505) (39) (580)
Tax (paid) 25 - (5,662) - (3,312)
Net cash from operating activities (5,745) (8,723) (2,813) (6,642)

Cash flows from investing activities

Purchase of property, plant and equipment 3 - (2) - -
Investment in subsidiary 5 - - - (5,000)
Purchase of intangible assets 4 - (40) - -
Sale of subsidiary- cash effect 9 - (4) - -
Advances to group companies 7 - - - (398)
Proceeds from loans to Group companies 7 - - 1,162 2,415
Repayment of loans from Group companies 7 - - (155) (2,346)
Net cash from investing activities - (46) 1,007 (5,329)

Cash flows from financing activities (refer to Note 24 for
movements reconciliation)

Share issue 12 820 9,380 820 9,380
Borrowings repaid 13 (3,311) (4,628) (12) (1,142)
Borrowings raised 13 6,226 3,841 300 1,551
Lease payments 15 (670) - - -
Directors loans raised 14 1,208 3,102 1,208 3,101
Directors loans (repaid) 14 (505) (967) (505) (967)
Net cash from financing activities 3,768 10,728 1,811 11,923

Total cash movement for the year (1,977) 1,959 5 (48)
Cash at the beginning of the year 2,388 429 7 55
Total cash at end of the year 11 411 2,388 12 7

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