| COMPANY STATEMENT OF CASH FLOWS | |||||
| December 2019 | December 2018 | ||||
| Rm | Notes | 52 weeks | 52 weeks | ||
| Cash flows from operating activities | |||||
| Cash outflow from trading activities | 13.1 | (2.9) | (25.0) | ||
| Working capital movements | 13.2 | 132.2 | (16.0) | ||
| Cash generated/ (utilised) from operations | 129.3 | (41.0) | |||
| Finance costs paid | 3 | – | (0.9) | ||
| Finance income received | 3 | 22.0 | 9.7 | ||
| Dividends received | 1,317.0 | 1,160.2 | |||
| Dividends paid | 13.3 | (128.3) | (736.4) | ||
| Taxation paid | 13.4 | (3.8) | (23.1) | ||
| Net cash inflow from operating activities | 1,336.2 | 368.5 | |||
| Cash flows from investing activities | |||||
| Loans advanced to subsidiaries | – | (423.7) | |||
| Other investing activities | 4.5 | ||||
| Net cash outflow from investing activities | – | (419.2) | |||
| Cash flows from financing activities | |||||
| Net acquisition of treasury shares | (48.4) | 11.7 | |||
| Acquisition of additional interest in a subsidiary | 5 | (850.0) | – | ||
| Loans (repaid)/ received (to)/ from subsidiaries | (437.8) | 39.0 | |||
| Net cash (outflow)/inflow from financing activities | (1,336.2) | 50.7 | |||
| Net decrease in cash and cash equivalents | – | (0.0) | |||
| Cash and cash equivalents at the beginning of the year | – | – | |||
| Cash and cash equivalents at the end of the year | – | – | |||
Integrated Annual Report
for the year ended December 2019
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MASSMART COMPANY ANNUAL FINANCIAL STATEMENTS 2019
COMPANY STATEMENT OF CASH FLOWS
For the year ended 29 December 2019