| 29. | Notes to the statement of cash flows |
| 29.1 | The following convention applies to figures other than adjustments: |
|
Outflows of cash are represented by figures in brackets. Inflows of cash are represented by figures without brackets. |
| 2018 R000 |
2017 R000 |
||||
| 29.2 | Cash generated from operations | ||||
| Net income before taxation | 2 560 409 | 2 751 274 | |||
| Adjustments: | (475 938) | (545 518) | |||
| Change in fair value: Investment property | (646 359) | (1 181 786) | |||
| Derivative instruments | (29 085) | (4 737) | |||
| Derecognition of financial guarantee | (11 984) | ||||
| Financial asset | (87 761) | 163 855 | |||
| Goodwill impairment | 18 134 | ||||
| Profit on disposal: investment property | (2 697) | (2 031) | |||
| Loss on disposal: investment in subsidiary | 2 557 | ||||
| Impairment of loans from joint ventures | 166 441 | 25 377 | |||
| Impairment/(reversal of impairment) of investment in joint venture | 10 102 | (10 102) | |||
| Share of loss from joint venture | 50 284 | ||||
| Unrealised foreign exchange (gain)/loss | (8 860) | 171 590 | |||
| Depreciation | 38 149 | 36 727 | |||
| Share-based payment | 10 877 | 5 627 | |||
| Interest received | (312 550) | (294 177) | |||
| Interest paid | 594 823 | 630 679 | |||
| Dividends received | (182 778) | (146 350) | |||
| Loss on write-off of assets | 12 396 | ||||
| Movement in provision – bad debt | (15 680) | ||||
| Other non-cash items | 1 424 | (23 561) | |||
| Operating profit before working capital changes | 2 084 471 | 2 205 756 | |||
| Increase/(decrease) in working capital | 48 665 | (46 154) | |||
| Increase in trade and other receivables | (616) | (14 678) | |||
| Increase/(decrease) in trade and other payables | 49 281 | (31 476) | |||
| Cash generated from operations | 2 133 136 | 2 159 602 | |||
| 29.3 | Taxation paid | ||||
| Taxation payable at beginning of year | (2 037) | ||||
| Per statement of profit or loss and other comprehensive income | (4 381) | (2 714) | |||
| Taxation payable at end of year | 1 251 | ||||
| (3 130) | (4 751) | ||||
| 29.4 | Dividends income | ||||
| Hystead Limited – joint venture (refer note 7 – Financial asset) | 180 525 | 146 350 | |||
| Word4Word Marketing – former subsidiary | 2 253 | ||||
| Total | 182 778 | 146 350 | |||
| 29.5 | Dividends received cash | ||||
| Opening balance dividend receivable | 57 257 | ||||
| Hystead Limited – joint venture (refer note 7 – Financial asset) | 180 525 | 146 350 | |||
| Word4Word Marketing – former subsidiary | 2 253 | ||||
| Less: Closing balance dividend receivable | (76 484) | (57 257) | |||
| Total | 163 551 | 89 093 |