Financial review Summary annual financial statements continued Statements of cash flows for the year ended 31 March 2023 Group Company 2023 ZAR’000 2022 Represented ZAR’000 2023 ZAR’000 2022 ZAR’000 Cash generated from operating activities 2 207 12 543 – – Interest income received 809 392 – – Interest costs paid (662) (394) – – Dividend received – – 6 000 6 000 Dividends paid – – (6 000) (6 000) Taxation paid(1) (2 209) (2 798) – – Net cash generated from operating activities 145 9 743 – – Cash ows from investing activities Property, plant and equipment acquired (369) (378) – – Intangible assets acquired (450) (460) – – Proceeds from sale of intangible assets 15 15 – – Cash received from other investments and loans 43 38 – – Cash paid for other investments and loans (46) (59) – – (807) (844) – – Cash ows from investing activities Proceeds from long and short-term loans raised – 3 – – Proceeds from related party funding 12 606 3 448 – – Repayments of related party funding (5 106) (5 258) – – Repayments of lease liabilities (889) (1 087) – – (Gain)/loss on matured foreign exchange contracts related to lease liabilities (90) 81 – – Repayments of loans to related parties (2) – – – Purchases of shares for group share schemes(2) (238) (224) – – Additional investment in existing subsidiary(3) – (9) – – Dividends paid (5 979) (5 979) – – Net cash utilised in nancing activities 302 (9 025) – – Net decrease in cash and cash equivalents for the year (360) (126) – – Foreign exchange translation adjustments on cash and cash equivalents 160 13 – – Cash and cash equivalents at the beginning of the year 1 376 1 489 – – Cash and cash equivalents at the end of the year 1 176 1 376 – – (1) Decrease due to reduced taxable income. (2) Relates to the purchase of group shares which were used to settle the group’s share-based compensation awards. (3) In March 2022, the group acquired the remaining 49% of shares in SuperSport Schools Proprietary Limited, which is now 100% owned by the group. The accompanying notes are an integral part of the summary consolidated and separate nancial statements. Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 72
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