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Consolidated statement of cash flowsfor the year ended 30 June 2013

GROUP        COMPANY 
2013
R’000 
2012
R’000 
   Notes  2013
R’000 
2012
R’000 
      Operating activities          
344 657  347 370   Profit before tax     19 025  207 447 
344 657  347 370  Profit before tax     19 025  207 447 
      Adjustments to reconcile profit before tax to net
cash flow
 
        
      Adjustment for non-cash items:          
94 013  93 496  Depreciation and impairment of property,
plant and equipment 
  
11 730  8 774  Amortisation and impairment of intangible assets          
114  46  Depreciation of investment properties          
(4 017) 4 885  (Profit)/Loss on financial instruments          
(6 531) (6 447) Foreign exchange profit          
(16 747) –  Gain on fair valuing of existing investment in joint venture due to gaining control          
7 422  1 235  Movement in provisions          
18 407  13 115   Share-based payment reserve provision          
(11 680) (878) Profit on disposal and scrapping of assets          
4 377  4 796  Impairment of plant included in restructuring cost          
(5 373) (1 174) Foreign exchange differences on fixed assets          
      Other adjustments:           
56 437  52 460   Finance cost  6.6  20 346  22 023 
(9 706) (28 598) Finance income  6.5  (5 408) (8 741)
–  –  Dividends received     –  (190 000)
(65 981) (44 519) Taxes  26  (12 119) (17 707)
      Working capital adjustments          
(123 759) (141 806) Increase in inventories           
41 938  (127 901) Increase/(Decrease) in trade and other receivables     263 765  (101 866)
(99 338) 243 056  (Decrease)/Increase in trade and other payables     9 665  6 582 
235 963  417 910  Net cash flow from/(used in) operating activities     295 275  (82 261)
 

 

GROUP        COMPANY 
2013
R’000 
2012
R’000 
   Notes  2013
R’000 
2012
R’000 
      Investing activities          
17 599  4 181  Proceeds from sale of property, plant and equipment          
6 531  6 447  Foreign exchange profit          
9 706  28 598  Interest received  6.5  5 408  8 741 
(70 556) –  Acquisition of Real Juice Co Holdings  3.1  –    
–  –  Dividends received     –  190 000 
–  (20 792) Acquisition of non-controlling interest          
(24 700) –  Acquisition of additional interest in Clover Manhattan  3.2       
(434 340) (254 309) Capital expenditure: tangible assets           
(20 060) (19 373) Capital expenditure: intangible assets           
(272) (902) Foreign currency translation reserve          
(516 092) (256 150) Net cash flows (used in)/from investing activities     5 408  198 741 
      Financing activities           
(56 437) (52 460) Interest paid   6.6  (20 346) (22 023)
(41 912) (53 734) Dividends paid     (41 912) (53 734)
(720) (269) Dividends paid to non-controlling interest holders        – 
(10 435) (4 440) Share appreciation rights paid out        – 
(259 382) –  Repayment of preference share liability     (259 382) – 
(158 396) (169 974) Repayment of borrowings        – 
814 003  6 375  Proceeds from borrowings        – 
286 721  (274 502) Net cash flows from/(used in) financing activities     (321 640) (75 757)
6 592  (112 742) Net increase/(decrease) in cash and cash equivalents     (20 957) 40 723 
711 470  824 212  Cash and cash equivalents at the beginning of the year     42 955  2 232 
718 062  711 470  Cash and cash equivalents at the end of the year  18  21 998  42 955