Cash flow statement
for the year ended 30 June

 
Group
Company
  2000 1999 restated 2000 1999
  R’000 R’000 R’000 R’000
Cash flows from operating activities:        
Cash generated/(utilised) by operations 277 185 263 002 (4 837) (4 212)
(Increase)/decrease in working capital (29 148) (29 488) (1 510) 3 373
 
Cash generated/(utilised) by operating activities 248 037 233 514 (6 347) (839)
Interest distribution to combined unitholders (73 497) (78 732) (73 497) (78 732)
Other interest paid (20 720) (27 833) (685) (2 532)
Interest received 17 642 36 006 74 948 91 363
Taxation paid (20 525) (16 556) (7 208) (1 481)
 
Net cash inflow/(outflow) from operating activities 150 937 146 399 (12 789) 7 779
 
Cash flows from investing activities:
Investment in current operations        
Net advances to subsidiary companies     (31 623) (220 177)
Property, plant and equipment acquired (104 238) (111 119) - (64)
  to expand operations (78 036) (93 509) — —
  to maintain operations (26 202) (17 610) - (64)
Investment in new operations        
Acquisition of net trading assets (144 011) (224 672) — —
Net proceeds on disposal        
Businesses - 1 425    
Investments - 7 045 - 7 045
Proprty, plant and equipment 5 605 8 006 - -
Loans advanced - (21 982) - -
Other investment activities (41 266) (135 177) (3 403) (10 927)
 
Net cash outflow from investing activities (283 910) (476 474) (35 026) (224 123)
 
Cash flows from financing activities:        
Net proceeds from issue of combined units 80 037 188 569 80 037 188 569
Repurchase of combined units (77 752) — (77 752) —
Purchase of combined units by the Primedia trust (20 519) —    
Payments to vendors - (77 094) — —
(Decrease)/Increase in long-term debt (7 702) 2 000 — —
 
Net cash (outflow)/inflow from financing activities (25 936) 113 475 2 285 188 569
 
Net (decrease)/increase in cash and cash equivalents (158 909) (216 600) (45 530) (27 775)
Cash and cash equivalents at beginning of year 141 242 357 842 (4 922) 22 853
 
Cash and cash equivalents at end of year (17 667) 141 242 (50 452) (4 922)
 

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