Statement of cash flows

for the year ended 30 June 2016

	Note	GROUP Year to June 2016 R000	GROUP Year to June 2015 R000
Cash flows (utilised by)/generated from operating activities		(210 672)	97 774
Cash generated from operations	29.1	1 709 767	1 738 764
Interest received		191 515	105 084
Interest paid and capitalised		(692 192)	(518 611)
Dividends paid		(1 404 296)	(639 034)
Debenture interest paid			(585 877)
Taxation paid	29.2	(15 466)	(2 552)
Cash (applied to)/from investing activities		(1 716 759)	667 056
Acquisition of and additions to investment property	2.2	(108 481)	(333 659)
Proceeds on disposal of investment property	2.2		3 783
Additions to building appurtenances and tenant installations	3.4	(67 612)	(42 718)
Proceeds on disposal of building appurtenances and tenant installations			883
Proceeds on disposal of assets classified as held-for-sale			746 525
Acquisition of subsidiary	33.6	(707 471)
Proceeds on disposal of subsidiary			1 511 904
Increase in investment in sub-Saharan Africa (excluding SA)		(884 113)	(1 264 048)
Decrease in loans receivable		50 918	44 386
Cash flows from/(applied to) financing activities		1 989 143	(752 410)
Increase/(decrease) in long-term and short-term loans		2 016 932	(634 386)
African Land share buy-back			(118 024)
Purchase of Hyprop shares (long-term staff incentive scheme (CUP))	14	(27 789)

Net increase in cash and cash equivalents		61 712	12 420
Cash and cash equivalents at beginning of year		83 841	77 353
Cash acquired through business combinations		48 964
Translation effects on cash and cash equivalents of foreign entities		5 002	(5 296)
Cash and cash equivalents transferred to non-current assets held-for-sale		(562)	(636)
Cash and cash equivalents at end of year	12	198 957	83 841