NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS – NOTE 18

    2015
R’000
      2014
R'000
 
18. CASH GENERATED/(UTILISED) BY OPERATIONS            
  Reconciliation of operating loss to cash flows from operating activities            
  Operating profit/(loss) 42 431       (30 273)  
  Adjustments for:            
  Dividends received —       (10 107)  
  Depreciation of property, plant and equipment 6 315       6 786  
  Amortisation on intangible assets 203       233  
  Impairment of loans and investments 23 484       30 136  
  Reversal of impairment of loans and investments (53 927)       —  
  Profit on disposal of property, plant and equipment (1)       (23)  
  Loss on disposal of subsidiaries 334       —  
  Equity compensation benefit expense 11 274       4 972  
  Net unrealised foreign exchange profit (10 503)       (2 864)  
  Changes in working capital:            
  (Increase)/decrease in trade and other receivables (1 742)       4 723  
  Increase/(decrease) in trade and other payables 29 965       (21 552)  
    47 833       (17 969)  

NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS – NOTE 18