| |
Notes |
|
31 March
2008
R’000 |
31 March
2007
R’000 |
| Cash flows from operating activities |
|
|
|
|
| Cash used in operations |
18 |
|
(7 657) |
(21 958) |
| Finance income – net |
|
|
318 216 |
89 645 |
| Investment income received |
|
|
1 253 660 |
680 305 |
| Taxation paid |
|
|
(299) |
— |
| Net cash from operating activities |
|
|
1 563 920 |
747 992 |
| Cash flows from investment activities |
|
|
|
|
| Acquisition of subsidiaries, net of cash acquired |
4 |
|
(250 000) |
— |
| Partial disposal of interest in subsidiary |
19 |
|
— |
130 453 |
| Proceeds from the sale of property |
|
|
— |
5 547 |
| Net cash (used in)/from investing activities |
|
|
(250 000) |
136 000 |
| Cash flows from financing activities |
|
|
|
|
| Loans granted to subsidiaries |
|
|
(4 847 853) |
(3 189 814) |
| Proceeds from share issue |
|
|
96 320 |
7 396 568 |
| Preference dividends received |
|
|
18 104 |
— |
| Dividend paid by holding company |
|
|
(558 983) |
(366 646) |
| Net cash (used in)/from financing activities |
|
|
(5 292 412) |
3 840 108 |
| Net (decrease)/increase in cash and cash equivalents |
|
|
(3 978 492) |
4 724 100 |
| Forex translation adjustments on cash and cash equivalents |
|
|
4 553 |
(95 453) |
| Cash and cash equivalents at beginning of the year |
|
|
6 690 940 |
2 062 293 |
| Cash and cash equivalents at end of the year |
|
|
2 717 001 |
6 690 940 |
