Full annual report - African Bank - Investoreports

Company statement of cash flows
for the year ended 30 September 2012
R million Notes 2012 2011
Cash generated from operating activities 14 1 381 2 293
Decrease in working capital (1) 3
(Decrease)/increase in other liabilities (1) 3
Direct taxation paid 15 (80) (152)
Cash flow from operating activities 1 300 2 144
Cash outflow from investing activities (411) (867)
Increase in investment in African Bank Limited (411) (867)
Cash outflow from financing activities (903) (1 284)
Increase in loans from subsidiaries 235 –
Issue of preference shares 16 411 236
Dividends paid to preference shareholders (61) (32)
Dividends paid to ordinary shareholders (1 488) (1 488)
Decrease in cash and cash equivalents (14) (7)
Cash and cash equivalents at the beginning of the year 21 28
Cash and cash equivalents at the end of the year 17 7 21
312