Cash Flow

Description

30/6/2017

30/6/2016

Cash flow from operating activities

 

Adjusted

Net Profit(Loss) before income TAX

45 009 164

 37 014 271

Adjustments to reconcile net profit to net cash flows from operating activities

 

 

Depreciation and impairment losses

8 244 733

 8 908 331

Technical reserves

43 461 366

 32 272 239

Provisions (provided during the year)

12 385 249

 2 531 500

Provisions (no longer required)

(12 972 204)

(1 703 698)

Profit (loss) from Sale of fixed assets

102 732

(  197 193)

Profit(Loss) before change in assets & liabilities

69 231 040

 78 825 450

 

 

 

(Increase) decrease in financial assets portfolio (at fair value)

1 403 202

  492 882

(Increase) decrease in receivables of policy holders 

(168 063 912)

 34 900 489

Increase  in insurance & reinsurance companies (debit balance)

(16 802 083)

( 27 313 175)

(increase) decrease of other assets

(9 462 626)

 3 936 512

Increase  in insurance & reinsurance companies (credit  balance)

129 590 118

 8 671 890

(Increase) decrease in debtors & other debit balances

19 500 584

 3 163 084

Increase in credit balances of subsidiaries

3 288 543

 1 000 404

Net Cash flow from operating activities

52 878 462

 103 677 536

 

 

 

Cash flow from investment activities

 

 

Decrease(increase) in time deposits at banks (mature more than 3 months)

(7 852 608)

( 134 738 908)

Increase in treasury bills (mature more than 3 months)

(17 251 020)

 

Proceeds from / (Payment for purchase) of real estate investments

 

 2 262 030

Proceeds from / (Payment for purchase) of other financial investments

52 722 533

( 74 543 504)

Proceeds  from sale of fixed assets

43 650

  290 118

Payment for purchase of fixed assets

(9 866 223)

( 5 849 774)

 

 

 

Net Cash flow from investment activities

17 796 332

( 212 580 038)

 

 

 

Cash flow from financing activities

 

 

Proceeds from issuing shares