Zurich Insurance Company
South Africa Annual Report 2010


Currently viewing » Statement of cash flows

» Statement of cash flows
    for the year ended 31 December 2010          
 
Group
Company
  
2010  
2009  
2010  
2009  
 
Note  
R’000  
R’000  
R’000  
R’000  
Cash flows from operating activities
  
  
  
  
  
Cash utilised in operations
27  
(125,972) 
(117,151) 
12,299  
(29,681) 
Interest income
  
218,577  
230,848  
179,774  
241,177  
Dividends received
  
22,119  
27,819  
103,557  
32,766  
Finance costs
  
(13,511) 
(31,772) 
(13,511) 
(7,536) 
Tax received/(paid)
28  
74,410  
(48,107) 
90,513  
(35,402) 
Net cash from operating activities
  
175,623  
61,637  
372,632  
201,324  
Cash flows from investing activities
  
  
  
  
  
Acquisitions
  
  
  
  
  
Investments in associates/subsidiaries
  
(3,752) 
-  
(3,761) 
-  
Financial assets at fair value through income  
(25,858) 
(34,065) 
(25,858) 
(34,065) 
Available-for-sale financial assets
  
(198,325) 
(217,865) 
(190,391) 
(77,558) 
Land, buildings, equipment and intangible assets  
(72,881) 
(95,457) 
(68,686) 
(87,348) 
Proceeds on disposals
  
  
  
  
  
Available-for-sale financial assets
  
146,280  
198,790  
56,280  
198,790  
Financial assets at fair value through income  
-  
2,157  
-  
2,157  
Land, buildings, equipment and intangible assets  
18,671  
10,740  
15,273  
9,711  
Net cash (paid)/received from investing activities  
(135,865) 
(135,700) 
(217,143) 
11,687  
Cash flows from financing activities
  
  
  
  
  
Dividends paid
  
-  
(17,051) 
-  
(17,051) 
Net cash from financing activities
  
-  
(17,051) 
-  
(17,051) 
Total cash movement for the year
  
39,758  
(91,114) 
155,489  
195,960  
Cash at the beginning of the year
  
1,032,696  
1,123,810  
524,119  
328,159  
Total cash at end of the year 14   1,072,454   1,032,696   679,608   524,119