Company financial statements
Company statement of cash flows - for the year ended 30 June 2014

	Notes	30 June 2014 Rm	30 June 2013 Restated* Rm
Cash flows from operating activities
(Loss)/profit before tax		(1 049)	543
Adjustment to (loss)/profit before tax	16	1 001	(501)
Finance cost		(155)	–
Cash from changes in working capital	16	(2)	98
Income tax refunded/(paid)		(11)	(11)
Net cash from/(used) in operating activities		(216)	129
Cash flows from investing activities
Payment received from associate on shareholders’ loan		–	48
Purchase of investment		–	(56)
Finance income		133	5
Dividends received	11	477	473
Deposit to subsidiary	9	–	(4 466)
Loans (to)/from subsidiaries		(15)	92
Net cash from investing activities		595	(3 904)
Cash flows from financing activities
Issue of bonds, net of cost		–	4 363
Issue of ordinary shares, net of cost		(1)	13
Dividends paid to the Company’s shareholders	14	(379)	(600)
Net cash used in financing activities		(380)	3 776
Net (decrease)/increase in cash and cash equivalents		(1)	1
Cash and cash equivalents at the beginning of the year		1	–
Cash and cash equivalents at the end of the year		–	1

*	The audited June 2013 results were restated as a result of IFRS 10 Consolidated Financial Statements, which has become effective. The impact of this standard is that Guardrisk is no longer carried at historical cost.

The notes are an integral part of these financial statements.