CONSOLIDATED AND SEPARATE STATEMENTS OF CASH FLOWS for the year ended 30 June 2024
| Group | Company | ||||
| Notes | 2024 R'000 |
Restated* 2023 R'000 |
2024 R'000 |
2023 R'000 |
|
|---|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||||
| Cash receipts from customers | 8 850 312 | 8 871 855 | – | – | |
| Cash paid to suppliers and employees | (7 822 416) | (8 075 712) | (18 009) | (36 217) | |
| CASH GENERATED FROM/(UTILISED IN) OPERATIONS | 24 | 1 027 896 | 796 143 | (18 009) | (36 217) |
| Dividend paid | 26 | (119 101) | (163 828) | (92 520) | (98 398) |
| Dividends received | – | 105 | 92 500 | 107 078 | |
| Interest paid | 8.5 & 21 | (77 045) | (77 229) | (6 064) | (2 113) |
| Interest paid on lease liability | 8.6 | (19 190) | (16 964) | – | – |
| Interest received | 21 | 31 277 | 21 745 | 324 | 275 |
| Insurance finance income | 21 | 6 731 | 4 092 | – | – |
| Income taxes (paid)/refunded | 25 | (155 200) | (182 370) | 19 | (13) |
| NET CASH GENERATED FROM/(UTILISED IN) OPERATING ACTIVITIES | 695 368 | 381 694 | (23 750) | (29 388) | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||||
| Cash flows from disposal of subsidiaries | – | (3 629) | – | – | |
| Proceeds from sale of tangible assets | 228 | 8 312 | – | – | |
| Purchase of a subsidiary | 16 | (46 121) | – | – | – |
| Settlement of deferred consideration | – | (15 000) | – | – | |
| Purchase of tangible assets | 5.1 | (73 909) | (74 729) | – | – |
| Purchase of intangible assets | 7 | (188 243) | (183 691) | – | – |
| Disposal/(Purchase) of other financial assets | 13 | 10 527 | (18 747) | – | – |
| Payment of contingent consideration | (85 248) | – | – | – | |
| NET CASH UTILISED IN INVESTING ACTIVITIES | (382 766) | (287 484) | – | – | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||||
| Changes in ownership interests in subsidiaries that do not result in loss of control | 16 | – | (84 981) | – | – |
| Lease liabilities capital repayment | 8.6 | (60 248) | (63 892) | – | – |
| Capital settlement of borrowings | 8.5 | – | (16 093) | – | – |
| Proceeds of borrowings | 8.5 | – | 13 016 | – | – |
| Proceeds of loans from group companies | – | – | 24 270 | 29 942 | |
| NET CASH (UTILISED IN)/GENERATED FROM FINANCING ACTIVITIES | (60 248) | (151 950) | 24 270 | 29 942 | |
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS BEFORE EFFECT OF EXCHANGE RATE CHANGES | 252 354 | (57 740) | 520 | 554 | |
| Effect of exchange rate changes on cash and cash equivalents | (7 851) | 7 257 | – | – | |
| Cash and cash equivalents at beginning of the year | 85 756 | 136 239 | 3 755 | 3 201 | |
| CASH AND CASH EQUIVALENTS AT END OF THE YEAR | 8.3 | 330 259 | 85 756 | 4 275 | 3 755 |
| * | Refer to Note 34 for details on the restatements and Note 35 for transitioning to IFRS 17. |