CASH FLOW STATEMENTS - Year ended 30 June 1999


Group Company
Notes 1999
R'000
1998
R'000
1999
R'000
1998
R'000
CASH FLOWS FROM OPERATING ACTIVITIES 192 322  107 938  46 879 13 396  
Cash received from customers 17
3 370 963 
1 450 877 
Cash paid to suppliers and employees 18
(3 201 596)
(1 356 378)
-  
   
Cash generated from operations 19
169 367 
94 499 
5 344 
2 802 
Net interest received 2
58 892 
27 993 
  34 036 
10 877 
Income from investments 3
21 817 
5 914 
21 817 
5 914 
Taxation paid 21
(47 233)
(16 462)
(3 797)
(2 191)
Dividends paid 22
(10 521)
(4 006)
(10 521)
(4 006)
 
CASH FLOWS FROM INVESTING ACTIVITIES 29 558  (142 106) 107 403  (131 121)
Acquisition of subsidiaries and
businesses as going concerns 23
(14 971)
(109 493)
-  
Additions to fixed assets
(31 716)
(29 127)
-  
Proceeds from disposal of fixed
assets and investments
164 033 
7 826 
280 508 
-  
Increase in investments
(87 788)
(11 312)
(173 105)
(131 121) 
CASH FLOWS FROM FINANCING ACTIVITIES 2 454  157 418  16 843  175 766 
Decrease in long-term borrowings
(4 252)
(15 052)
-
Increase/ (decrease) in short term
borrowings
714 
(3 074)
-
Decrease in outside shareholders
(10 851)
(222)
-
Decrease in amounts due to vendors
(46 172)
(65 736)
(46 172)
(65 736)
Proceeds of share issues
63 015 
241 502 
63 015 
241 502 

NET MOVEMENT IN LIQUID FUNDS 224 334 123 250 171 125  58 041 
NET LIQUID FUNDS AT THE  
BEGINNING OF THE YEAR AND ACQUIRED 422 185 238 715 188 827  130 786  

NET LIQUID FUNDS AT THE END OF THE YEAR
646 519 361 965 359 952   188 827  

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