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228
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
COMPANY STATEMENT OF CASH FLOWS
For the year ended 31 May 2014
Notes
2014
R’000
2013
R’000
Cash flows from operating activities
18
(17 969)
8 526
Interest received
16
527
3 630
Interest paid
16
(775)
(400)
Taxation paid
19
(8 254)
(1 295)
Net cash flows from operating activities
(26 471)
10 461
Cash flows from investing activities
Acquisition of property, plant and equipment
3
(141)
(868)
Proceeds on sale of property, plant and equipment
63
474
Acquisition of intangible assets
4
(34)
(9)
Loans repaid by subsidiaries
21 227
248 492
Loans advanced to subsidiaries
(27 714)
(38 586)
Acquisition of subsidiaries
(25 201)
(36 569)
Loans advanced to joint venture
6
(85 765)
—
Acquisition of investment in joint venture
—
(110 345)
Net cash flows from investing activities
(117 565)
62 589
Cash flows from financing activities
Borrowings raised from subsidiaries
13
324 091
99 220
Dividends paid
(168 627)
(155 137)
Treasury shares acquired
(11 120)
(17 223)
Net cash flows from financing activities
144 344
(73 140)
Increase/(decrease) in cash and cash equivalents
308
(90)
Cash and cash equivalents at the beginning of the period
1 110
1 200
Cash and cash equivalents at the end of the period
9
1 418
1 110