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174
BLUE LABEL
INTEGRATED ANNUAL REPORT 2017
Company
statement of cash flows
For the year ended 31 May 2017
Notes
2017
R’000
2016
R’000
Cash flows from operating activities
19
(9 450)
(9 273)
Dividend received
6 000
—
Interest received
402
327
Interest paid
(6)
(7 812)
Taxation paid
20
(6)
271
Net cash utilised by operations
(3 060)
(16 487)
Cash flows from investing activities
Acquisition of property and equipment
3
(2 009)
(853)
Proceeds on sale of property and equipment
636
252
Acquisition of intangible assets
4
(16)
(8)
Loans repaid by subsidiaries
17 959
16 989
Loans advanced to subsidiaries
(48 709)
(164 332)
Acquisition of subsidiary
(1 216)
—
Acquisition of associate
(7 530)
—
Proceeds from disposal of subsidiary
—
8 086
Capital contribution to Blue Label Mexico
6
—
(42 654)
Settlement of contingent consideration
2
(45 331)
(1 931)
Net cash utilised in investing activities
(86 216)
(184 451)
Cash flows from financing activities
Borrowings raised from subsidiaries
339 179
432 108
Dividends paid
(242 823)
(209 098)
Treasury shares acquired
10
(7 381)
(23 052)
Net cash generated from financing activities
88 975
199 958
Net decrease in cash and cash equivalents
(301)
(980)
Cash and cash equivalents at the beginning of the period
1 303
2 283
Cash and cash equivalents at the end of the period
9
1 002
1 303