CONSOLIDATED STATEMENT OF CASH FLOWS for the year ended 31 December 2022 Group 2022 2021 Restated* Note R’m R’m Cash flows from operating activities Cash utilised by operations 31 (893) (1 573) Interest received 948 923 Dividends received 899 691 Interest paid 29 (7) (5) Tax paid 32 (393) (310) Net cash from / (used in) operating activities 554 (274) Cash flows from investing activities Purchases of property and equipment 2 (26) (21) Improvements to investment property 3 (2) (2) Software development 5 (62) (62) Purchase of financial assets 6,16 (59 565) (31 304) Proceeds from sale of investment property, assets for sale, and furniture 71 1 Increase in non-current loan receivables (159) (80) Proceeds from disposal of financial assets 58 588 32 948 Net cash (used in) / from investing activities (1 155) 1 480 Cash flows from financing activities Decrease in lease liabilities (20) (24) Decrease in borrowings 17 (98) (54) Net cash used in financing activities (118) (78) Net (decrease) / increase in cash and bank (719) 1 128 Effect of exchange rate changes on cash and cash equivalents 80 120 Cash and cash equivalents at beginning of year 3 554 2 306 Cash and cash equivalents at end of year 9 2 915 3 554 * Refer Note 35 104 Consolidated Statement of Cash Flows
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