CONSOLIDATED STATEMENT OF CASH FLOWS
for the year ended 30 June 2014

	2014   Rm	2013   Restated* Rm
Cash flows from operating activities
Cash generated from operations	5 234	6 794
Exploration costs	(20)	(47)
Finance cost	(404)	(149)
Income tax paid	(714)	(1 016)
Net cash from operating activities	4 096	5 582
Cash flows from investing activities
Purchase of property, plant and equipment	(4 500)	(6 219)
Proceeds from sale of property, plant and equipment	64	97
Proceeds from insurance claim on asset scrapping	112	–
Purchase of investment in subsidiary	—	(57)
Payment received from associate on shareholders’ loan	—	49
Proceeds from sale of held-to-maturity investment	—	21
Loans granted	(10)	(7)
Loan repayments received	11	30
Finance income	319	217
Dividends received	467	97
Net cash used in investing activities	(3 537)	(5 772)
Cash flows from financing activities
Issue of ordinary shares	8	36
Repayments of borrowings	(16)	(132)
Proceeds from borrowings	—	4 638
Dividends paid to Company’s shareholders	(371)	(580)
Net cash used in financing activities	(379)	3 962
Net increase in cash and cash equivalents	180	3 772
Cash and cash equivalents at beginning of year	4 113	329
Effect of exchange rate changes on cash and cash
equivalents held in foreign currencies	12	12
Cash and cash equivalents at end of year**	4 305	4 113

*	The audited June 2013 results were restated as a result of IFRS 10 Consolidated Financial Statements and IFRS 11 Joint Arrangements, which have become effective. These standards require that the investment in Guardrisk (previously consolidated) be deconsolidated and Mimosa (previously proportionately consolidated), be equity accounted.
**	Net of bank overdraft.

The noteshereare an integral part of these summarised financial statements.