| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 34 |
|
| 34. |
Cash generated from operations
| |
GROUP
June 2014
R’000 |
|
GROUP
June 2013
R'000 |
|
COMPANY
June 2014
R’000 |
|
COMPANY
June 2013
R'000 |
|
| Profit/(loss) before tax |
246 353 |
|
268 957 |
|
103 788 |
|
(28 094) |
|
| Adjustments for: |
|
|
|
|
|
|
|
|
| Dividends received |
(2) |
|
(23) |
|
(115 486) |
|
– |
|
| Dividends received from associates |
– |
|
– |
|
– |
|
(1 201) |
|
| Finance income |
(34 245) |
|
(24 841) |
|
(8 453) |
|
(6 587) |
|
| Finance cost |
16 546 |
|
16 673 |
|
9 693 |
|
6 362 |
|
| Bad debts written off |
189 |
|
4 540 |
|
– |
|
– |
|
| Increase/(decrease) in provision for bad debts |
– |
|
(4 131) |
|
– |
|
– |
|
| Net actuarial (gains)/losses |
(349) |
|
47 |
|
– |
|
– |
|
| Depreciation |
40 475 |
|
37 251 |
|
– |
|
– |
|
| Prepayments |
100 |
|
– |
|
100 |
|
– |
|
| Amortisation of intangible assets |
43 907 |
|
40 098 |
|
– |
|
– |
|
| (Reversal of impairment)/impairment provision on investments |
– |
|
(4) |
|
– |
|
– |
|
| Impairment of investment in associate |
– |
|
– |
|
– |
|
4 121 |
|
| Straight-lining of leases |
(7 132) |
|
(5 264) |
|
– |
|
– |
|
| (Profit)/loss on disposal of assets |
235 |
|
(440) |
|
– |
|
– |
|
| Profit on disposal of investment |
– |
|
(51 014) |
|
– |
|
– |
|
| Provision for loss on guarantee |
– |
|
– |
|
– |
|
– |
|
| Share-based payment expense |
10 765 |
|
39 868 |
|
815 |
|
17 665 |
|
| Impairment of intangible assets |
40 620 |
|
– |
|
– |
|
– |
|
| Onerous lease provisions |
– |
|
(596) |
|
– |
|
– |
|
| Reversal of impairment |
(3 720) |
|
(12 505) |
|
– |
|
– |
|
| Share of (losses)/profit of associates |
(4 341) |
|
21 477 |
|
– |
|
– |
|
| Cash flow before working capital changes |
349 401 |
|
330 093 |
|
(9 543) |
|
(7 734) |
|
| Working capital changes |
(28 356) |
|
10 320 |
|
18 867 |
|
(605) |
|
| Trade and other receivables |
(59 126) |
|
(450) |
|
1 342 |
|
(768) |
|
| Provisions |
(5 808) |
|
17 036 |
|
79 |
|
160 |
|
| Reduction of loan |
3 762 |
|
– |
|
– |
|
– |
|
| Trade and other payables |
32 816 |
|
(6 266) |
|
17 446 |
|
3 |
|
 |
|
|
|
|
|
|
|
|
| Cash generated from operations |
321 044 |
|
340 413 |
|
9 324 |
|
(8 339) |
|
|
| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 34 |
|
|