Consolidated statement of cash flows

Operating activities

Net result

30,506

4,034

Adjustments for:

Valuation movements

(11,631)

20,134

Result on disposal of investment property

-

(535)

Net finance result

68

(1)

Movements in working capital

(5,756)

(1,487)

Cash flow generated from operating activities

13,187

22,145

Interest paid

(68)

-

Interest received

-

1

Cash flow from operating activities

13,119

22,146

Investment activities

Proceeds from sale of investment property

-

70,024

Payments of investment property

12

(10,723)

(8,103)

Payments of investment property under construction

13

(2,400)

(1,479)

Cash flow from investment activities

(13,123)

60,442

Finance activities

Proceeds from the issue of share capital

10,000

10,000

Redemption of shares

(50,000)

-

Dividends paid

(19,241)

(24,424)

Cash flow from finance activities

(59,241)

(14,424)

Net increase/(decrease) in cash and cash equivalents

(59,245)

68,164

Cash and cash equivalents at beginning of year

86,768

18,604