ANNUAL RESULTS
FOR THE YEAR ENDED 30 JUNE 2023
| Year ended 30 June 2023 R'000 |
Restated* Year ended 30 June 2022 R'000 |
|
| Net cash generated from operating activities | 381 694 | 527 018 |
|---|---|---|
| Cash generated from operations | 800 235 | 1 101 850 |
| Net finance cost | (72 448) | (61 317) |
| Distribution to shareholders | (163 828) | (293 917) |
| Dividends received | 105 | 5 191 |
| Tax and other payments | (182 370) | (224 789) |
| Net cash utilised in investing activities | (287 484) | (382 972) |
| Net additions to property and equipment | (66 417) | (106 487) |
| Net additions to intangible assets | (183 691) | (195 106) |
| Settlement of deferred consideration | (15 000) | – |
| Net acquisitions of financial assets, investments and subsidiaries | (22 376) | (81 379) |
| Net cash utilised in financing activities | (151 950) | (208 266) |
| Net settlement of borrowings | (3 077) | (124 703) |
| Changes in ownership interests in subsidiaries that do not result in loss of control | (84 981) | (13 023) |
| Net lease liability repayment | (63 892) | (70 540) |
| Effect of foreign exchange benefit | 7 257 | 1 519 |
| Net decrease in cash and cash equivalents | (50 483) | (62 701) |
| Cash and cash equivalents at beginning of the period | 136 239 | 198 940 |
| Cash and cash equivalents at end of the period | 85 756 | 136 239 |
| * | Refer to Note 5 for details of the restatement. |