| 2019 R’000 |
2018 R’000 |
|||||||
|---|---|---|---|---|---|---|---|---|
| 14 | NOTES TO THE STATEMENT OF CASH FLOW | |||||||
| 14.1 | Cash (utilised by)/generated from operations | |||||||
| Profit before taxation | 4 507 273 | 3 546 975 | ||||||
| Adjusted for: | (4 546 768) | (3 533 756) | ||||||
| — dividends received | (4 349 956) | (3 307 344) | ||||||
| — interest received | (238 637) | (184 037) | ||||||
| — impairment of non-financial assets | — | 1 384 | ||||||
| — fair value adjustments on loans to structured entities in terms of IFRS 9 | 42 825 | — | ||||||
| — other income | (1 000) | (703) | ||||||
| — profit on disposal of available-for-sale investments | — | (42 432) | ||||||
| — other | — | (624) | ||||||
| (39 495) | 13 219 | |||||||
| 14.2 | Movements in working capital | |||||||
| Movement in other receivables | 7 029 | (30 644) | ||||||
| Movement in other payables, excluding unclaimed dividends | (9 691) | (20 918) | ||||||
| (2 662) | (51 562) | |||||||
| 14.3 | Taxation paid | |||||||
| Unpaid at beginning of year | (2 144) | (3 226) | ||||||
| Charged to the income statement | (61 522) | (58 348) | ||||||
| Movement in deferred taxation (refer note 9) | (8 396) | — | ||||||
| (Prepaid)/unpaid at end of year | (1 256) | 2 144 | ||||||
| (73 318) | (59 430) | |||||||
| 14.4 | Dividends paid | |||||||
| Unpaid at beginning of year | (4 306) | (3 112) | ||||||
| Declared during the year (refer note 13) | (3 071 354) | (2 512 926) | ||||||
| Unpaid at end of year | 4 640 | 4 306 | ||||||
| (3 071 020) | (2 511 732) | |||||||