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116
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
GROUP STATEMENT OF CASH FLOWS
For the year ended 31 May 2014
Notes
2014
R’000
2013
R’000
Cash flows from operating activities
Cash received from customers
18 708 547
18 832 495
Cash paid to suppliers and employees
(17 579 539)
(19 089 879)
Cash generated/(utilised) by operations
23
1 129 008
(257 384)
Interest received
20
24 613
35 806
Interest paid
20
(22 751)
(23 709)
Taxation paid
24
(223 538)
(194 507)
Net cash flows from operating activities
907 332
(439 794)
Cash flows from investing activities
Acquisition of intangible assets
(102 778)
(272 141)
Warranty refund
5
15 501
—
Proceeds on disposal of intangible assets
1 209
70
Disposal of subsidiaries net of cash disposed
25
—
255
Acquisition of subsidiaries net of cash acquired
26.1
(273 242)
(2 770)
Acquisition of associate and joint venture
6
*
(110 345)
Loans advanced to associates and joint ventures
(86 368)
(593)
Loans granted
(16 155)
(6 433)
Loans receivable repaid
28 662
137
Dividends received from associates and joint ventures
11 118
750
Proceeds on disposal of property, plant and equipment
1 144
4 198
Acquisition of property, plant and equipment
(46 311)
(19 464)
Net cash flows from investing activities
(467 220)
(406 336)
Cash flows from financing activities
Interest-bearing borrowings repaid
(112)
—
Interest-bearing borrowings raised
962
1 809
Acquisition of non-controlling interest
26.2
(16 190)
(14 000)
Acquisition of treasury shares
(11 120)
(17 223)
Dividends paid to non-controlling interest
(1 805)
(3 515)
Dividends paid
(168 627)
(155 137)
Net cash flows from financing activities
(196 892)
(188 066)
Increase/(decrease) in cash and cash equivalents
243 220
(1 034 196)
Cash and cash equivalents at the beginning of the year
941 282
1 975 242
Translation difference
(371)
236
Cash and cash equivalents at the end of the year
1 184 131
941 282
* Less than R1 000.