Notes to company financial statements l Note 15

      2017
R’000
    2016
R’000
 
15 NOTES TO THE STATEMENT OF CASH FLOW            
15.1 Cash utilised in operations            
  Profit before taxation   3 214 951     1 182 565  
  Adjusted for:   (3 782 679)     (1 187 847)  
  – dividends received   (3 125 085)     (1 176 071)  
  – interest received   (97 814)     (64 870)  
  – impairment of available-for-sale listed investments   927     30 344  
  – other income   (560 707)     —  
  – finance costs   —     22 750  
      (567 728)     (5 282)  
15.2 Movements in working capital            
  Movement in other receivables   (133 276)     (186 193)  
  Movement in other payables (excluding escrow investment interest accrual)   3 412     (13 686)  
      (129 864)     (199 879)  
15.3 Taxation paid            
  Unpaid at beginning of year   (1 489)     (955)  
  Charged to the income statement   (28 337)     (8 113)  
  Movement in deferred taxation   —     (10 016)  
  Unpaid at end of year   3 226     1 489  
      (26 600)     (17 595)  
15.4 Dividends paid            
  Unpaid at beginning of year   (2 623)     (2 451)  
  Declared during the year (refer note 14)   (1 535 677)     (698 035)  
  Unpaid at end of year   3 112     2 623  
      (1 535 188)     (697 863)  

Notes to company financial statements l Note 15