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AFRICAN DAWN Annual Report 2016

Statement of Cash Flows Group Company Notes 2016 R ‘000 2015 R ‘000 2016 R ‘000 2015 R ‘000 Cash flows from operating activities Cash generated by/(used in) operations 30 3,490 (2,280) (7,769) (9,062) Interest income 25 346 735 256 700 Finance costs 27 (2,080) (3,115) - (265) Tax paid 31 (1,307) (574) - - Net cash from operating activities 449 (5,234) (7,513) (8,627) Cash flows from investing activities Purchase of property, plant and equipment 3 (570) (346) - (208) Proceeds on disposal of property, plant and equipment 248 56 3 27 Purchase of intangible assets 5 (346) - - - Business combinations 32 - 16 - - Sale of business 33 - (396) - - Proceeds from loans from group companies - - 173 664 Repayment of loans from group companies - - (3) (11) Net cash from investing activities (668) (670) 173 472 Cash flows from financing activities Proceeds on share issue 14 - 20,309 - 20,309 Borrowings (repaid) / raised 15 (11,280) (4,003) (1,750) (1,700) Finance lease payments 16 (163) (99) - - Repayment of directors' loans acquired in business combinations (refer to note 32) - (21) - - Repayment of directors' loans 18 (730) (243) (730) (243) Net cash from financing activities (12,173) 15,943 (2,480) 18,366 Total cash movement for the year (12,392) 10,039 (9,820) 10,211 Cash at the beginning of the year 15,397 5,358 10,608 397 Total cash at end of the year 13 3,005 15,397 788 10,608 AFRICAN DAWN ANNUAL REPORT 2016 35


AFRICAN DAWN Annual Report 2016
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