Consolidated cash flow statement
for the year ended 31 March

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  Notes   2020
R’000
2019
R’000
Cash flows from operating activities        
Cash generated from operations 22   781 245 771 480
Interest received 18   11 069 17 206
Finance costs paid 18   (206 509) (184 194)
Dividends paid to shareholders     (584 245) (688 453)
Net cash generated/(utilised) from operating activities     1 560 (83 961)
Cash flows from investment activities        
Proceeds from disposal of furniture, fittings and equipment     173
Acquisition and development of investment properties 4   (420 008) (211 992)
Proceeds from disposal of investment property 4   3 568 234
Acquisition of furniture, fittings and equipment 6   (290)
Dividends received from associate 7   700
Net cash utilised for investment activities     (416 267) (211 348)
Cash flows from financing activities        
Interest-bearing liabilities raised     2 080 000 100 000
Interest-bearing liabilities repaid     (1 470 000) (100 000)
Net cash inflow from financing activities     610 000
Net increase/(decrease) in cash and cash equivalents     195 293 (295 309)
Cash and cash equivalents at the beginning of the year     95 282 390 591
Cash and cash equivalents at the end of the year 9   290 575 95 282

The notes form an integral part of these consolidated financial statements.