company cash flow statement
for the year ended 31 May 2008
| |
|
|
31 May |
|
31 May |
|
| |
|
|
2008 |
|
2007 |
|
| |
|
|
Actual |
|
Actual |
|
| |
|
|
audited |
|
audited |
|
| |
Note |
|
R’000 |
|
R’000 |
|
| Cash flows from operating activities |
15 |
|
(12 015) |
|
— |
|
| Finance income |
13 |
|
3 706 |
|
— |
|
| Finance costs |
13 |
|
(11) |
|
— |
|
| Taxation paid |
16 |
|
— |
|
— |
|
| Net cash flows from operating activities |
|
|
(8 320) |
|
— |
|
| Cash flows from investing activities |
|
|
|
|
|
|
| Acquisition of property, plant and equipment |
|
|
(1 244) |
|
— |
|
| Acquisition of intangible assets |
|
|
(1 719) |
|
— |
|
| Acquisition of investment in subsidiaries |
6 |
|
(180 203) |
|
— |
|
| Loans advanced to subsidiaries |
|
|
(1 177 672) |
|
— |
|
| Loans received from subsidiaries |
|
|
48 866 |
|
— |
|
| Net cash flows from investing activities |
|
|
(1 311 972) |
|
— |
|
| Cash flows from financing activities |
|
|
|
|
|
|
| Proceeds from issue of shares |
|
|
1 360 579 |
|
* |
|
| Share issue costs |
|
|
(39 724) |
|
— |
|
| Net cash flows from financing activities |
|
|
1 320 855 |
|
— |
|
| Increase in cash and cash equivalents |
|
|
563 |
|
— |
|
| Cash and cash equivalents at the beginning of the period |
|
|
* |
|
— |
|
| Cash and cash equivalents at the end of the period |
9 |
|
563 |
|
* |
|
*Less than R1 000
|
