Annual financial statements
Supplement to the integrated annual report 30 June 2014
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Company financial statements
Company statement of cash flows - for the year ended 30 June 2014

  Notes   30 June  
2014  
Rm  
30 June  
2013  
Restated*
Rm  

Cash flows from operating activities  

     
(Loss)/profit before tax     (1 049)  543  
Adjustment to (loss)/profit before tax   16   1 001   (501) 
Finance cost     (155)  –  
Cash from changes in working capital   16   (2)  98  
Income tax refunded/(paid)    (11)  (11) 

Net cash from/(used) in operating activities  

  (216)  129  

Cash flows from investing activities  

     
Payment received from associate on shareholders’ loan     –   48  
Purchase of investment     –   (56) 
Finance income     133   5  
Dividends received   11   477   473  
Deposit to subsidiary   9   –   (4 466) 
Loans (to)/from subsidiaries     (15)  92  

Net cash from investing activities  

  595   (3 904) 

Cash flows from financing activities  

     
Issue of bonds, net of cost     –   4 363  
Issue of ordinary shares, net of cost     (1)  13  
Dividends paid to the Company’s shareholders   14   (379)  (600) 
Net cash used in financing activities     (380)  3 776  
Net (decrease)/increase in cash and cash equivalents     (1)  1  
Cash and cash equivalents at the beginning of the year     1   –  
Cash and cash equivalents at the end of the year     –   1  
* The audited June 2013 results were restated as a result of IFRS 10 Consolidated Financial Statements, which has become effective. The impact of this standard is that Guardrisk is no longer carried at historical cost.    
The notes are an integral part of these financial statements.