Group statement of cash flows For the year ended 31 May 2017
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| 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. |