Consolidated statement of cash flows

for the year ended 30 June

	Note		2018 R000		2017 R000
Cash inflows generated from operating activities			37 689		319 908
Cash generated from operations	29.2		2 133 136		2 159 602
Interest received			283 289		266 423
Interest paid			(580 208)		(441 049)
Dividends paid	27		(1 795 398)		(1 660 317)
Taxation paid	29.3		(3 130)		(4 751)
Cash inflows from investing activities			104 745		669 846
Acquisition of and additions to investment property	2		(263 640)		(123 721)
Additions to building appurtenances and tenant installations	3		(52 104)		(57 064)
Proceeds on disposal of assets classified as held-for-sale			229 759		874 233
Repayments of loans receivable from joint ventures			157 934
Increase in investment in South-Eastern Europe	7.3		(30 979)
Loans advanced to joint ventures			(59 061)		(109 506)
Dividends received	29.5		163 551		89 093
Increase in loans receivable			(40 715)		(3 189)
Cash outflows applied to financing activities			(510 777)		(44 833)
Borrowings repaid			(3 871 791)		(2 011 393)
Issue of shares	14		778 676		695 655
Borrowings raised			2 600 502		1 279 879
Purchase of Hyprop shares (long-term staff incentive scheme)	14		(18 164)		(8 974)
Net movement in cash and cash equivalents			(368 343)		944 921
Cash and cash equivalents at beginning of year			1 125 750		198 957
Cash disposed with subsidiary					(4 006)
Effects of exchange rate changes on cash and cash equivalents			(41 914)		(12 336)
Cash and cash equivalents transferred to non-current assets held-for-sale					(1 786)
Cash and cash equivalents at end of year	12		715 493		1 125 750