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Phuthuma Nathi Investments (RF) Limited
Integrated annual report 2018
Financial review
(continued)
Summarised statements of changes in equity
for the year ended 31 March
Share capital
and premium
R’000
Other
reserves*
R’000
Accumulated
profit
R’000
Total
R’000
Balance at 1 April 2016
450 000
333 882
2 228 907
3 012 789
Net profit for the year
–
–
927 535
927 535
Other comprehensive income
for the year
–
(85 605)
–
(85 605)
Dividend paid
–
–
(866 666)
(866 666)
Balance at 31 March 2017
450 000
248 277
2 289 776
2 988 053
Balance at 1 April 2017
450 000
248 277
2 289 776
2 988 053
Net profit for the year
–
–
1 040 872
1 040 872
Other comprehensive income
for the year
–
(71 539)
–
(71 539)
Dividends
–
–
(866 669)
(866 669)
Balance at 31 March 2018
450 000
176 738
2 463 979
3 090 717
* Other reserves consist of fair-value reserve from gains or losses on available-for-sale investments, foreign
currency translation reserve, hedging reserve and share-based payment reserve.
The accompanying notes form an integral part of these financial statements.
Summarised statements of cash flows
for the year ended 31 March
2018
R’000
2017
R’000
Cash flow from operating activities
873 446
871 301
Cash generated from operations
6 777
4 635
Dividends received from associate
866 669
866 666
Cash utilised in financing activities
(858 091)
(831 350)
Dividends paid to ordinary shareholders
(842 880)
(845 681)
(Decrease)/increase in amounts owing to investors*
(15 211)
14 331
Movement in cash for the year
15 355
39 951
Cash and cash equivalents at the beginning of the year
129 458
89 507
Cash and cash equivalents at the end of the year
144 813
129 458
* An amount of R14,3m relating to amounts owing to investors was previously disclosed as cash generated from
operations in the previous year, has been reclassified to cash utilised in financing activities.
The accompanying notes form an integral part of these financial statements.