102 / 220
/
100
BLUE LABEL
INTEGRATED ANNUAL REPORT 2017
Notes
2017
R’000
2016
R’000
Cash flows from operating activities
Cash received from customers
26 202 695
26 271 886
Cash paid to suppliers and employees
(24 448 704)
(25 527 701)
Cash generated by operations
1.6
1 753 991
744 185
Interest received
52 300
42 082
Interest paid
(105 518)
(48 207)
Taxation paid
7.3
(338 814)
(305 118)
Net cash generated from operating activities
1 361 959
432 942
Cash flows from investing activities
Acquisition of intangible assets
4.2
(55 987)
(85 175)
Proceeds on disposal of intangible assets
47
*
Proceeds on disposal of property, plant and equipment
1 776
3 585
Acquisition of property, plant and equipment
4.3
(57 293)
(41 956)
Disposal of subsidiary net of cash disposed
—
13 219
Acquisition of subsidiary net of cash acquired
771
—
Acquisition of associate
(7 530)
*
Capital contribution to Blue Label Mexico
—
(42 654)
Capital contribution to Oxigen Services India
(25 534)
(159 425)
Equity loans advanced to Lornanox
(5 875)
(58 883)
Loans advanced to associates and joint ventures
(16 349)
(2 213)
Loans repaid by associates and joint ventures
593
593
Loans granted
(141 917)
(59 182)
Loans receivable repaid
24 649
31 876
Settlement of contingent consideration
3.2.1
(50 666)
(1 931)
Contingent proceeds received
3.1.2
12 839
5 813
Net cash utilised in investing activities
(320 476)
(396 333)
Cash flows from financing activities
Non-interest-bearing borrowings repaid
(2 861)
—
Non-interest-bearing borrowings raised
58
—
Acquisition of treasury shares
6
(7 381)
(23 052)
Dividends paid to non-controlling interest
(26 788)
(4 000)
Dividends paid to equity holders of the parent
(242 823)
(209 098)
Net cash utilised in financing activities
(279 795)
(236 150)
Net increase/(decrease) in cash and cash equivalents
761 688
(199 541)
Cash and cash equivalents at the beginning of the year
589 027
788 411
Exchange gains on cash and cash equivalents
(49)
157
Cash and cash equivalents at the end of the year
3.1.3
1 350 666
589 027
* Less than R1 000.
Group
statement of cash flows
For the year ended 31 May 2017