2022 AVBOB Integrated Annual Report - FINANCIALS

105105 FINANCIAL STATEMENTS Continued AVBOB MUTUAL ASSURANCE SOCIETY AND ITS SUBSIDIARIES SUMMARISED STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2022 SOCIETY GROUP Restated Restated Notes 2022 2021 2022 2021 R 000 R 000 R 000 R 000 Net cash outflows from operating activities* ( 37 636) ( 352 436) ( 35 387) ( 187 020) Cash generated by operating activities* 816 087 909 187 965 249 1 092 246 Interest received 561 666 9 056 585 525 33 261 Interest paid ( 6 576) ( 6 776) ( 9 643) ( 10 463) Dividends received 684 550 296 599 684 550 296 599 Movement in financial liabilities At amortised cost Additions* 16 4 406 401 2 826 864 4 406 401 2 826 864 Withdrawals* 16 ( 386 652) ( 143 857) ( 386 652) ( 143 857) Movement in financial assets At fair value through profit or loss Additions* 13 (11 729 474) (8 676 530) (11 876 228) (8 676 530) Disposals 13 9 674 158 7 098 655 9 677 964 7 098 655 At amortised cost Additions 14 (4 226 379) (2 711 102) (4 226 379) (2 711 102) Withdrawals 14 386 524 143 857 386 524 143 857 Tax paid ( 217 941) ( 98 389) ( 242 697) ( 136 551) Net cash outflows from investment activities ( 82 366) ( 114 199) ( 174 908) ( 188 739) Payment of property, plant and equipment 9 ( 37 080) ( 76 665) ( 174 954) ( 191 514) Payment of investment property 9 ( 42 012) ( 38 454) - - Payment of intangible assets 9 ( 3 507) ( 6 354) ( 3 541) ( 6 526) Proceeds on disposal of property, plant and equipment and intangible assets 233 7 274 3 587 9 301 Net cash outflows from financing activities ( 29 623) ( 27 500) ( 43 286) ( 41 110) Principal elements of lease payments: Right-of-use assets ( 29 623) ( 27 500) ( 43 286) ( 41 110) ( 149 625) ( 494 135) ( 253 581) ( 416 869) 2 406 692 2 900 827 2 631 772 3 048 641 2 257 067 2 406 692 2 378 191 2 631 772 - - 2 900 827 3 048 641 NET DEBT RECONCILIATION Cash and cash equivalents* 2 257 067 2 406 692 2 378 191 2 631 772 Lease liabilities ( 78 299) ( 75 619) ( 116 791) ( 111 208) Net cash 2 178 768 2 331 073 2 261 400 2 520 564 * Refer to notes 22 and 23 of the notes to the summarised financial statements regarding the restatement of the 2021 comparatives. year* Net decrease in cash and cash equivalents* This section sets out an analysis of net debt for each of the periods: Cash and cash equivalents at the beginning of the year* Cash and cash equivalents at the end of the