162 FINANCIAL STATEMENTS 27. Cash flows from operating activities 2025 2024 2025 2024 R R R R Surplus after tax 25 500 997 34 668 502 92 945 374 23 082 924 Adjustments for: Business disposal - - - (12 568 762) Depreciation and amortisation 4 372 609 3 975 233 1 341 376 1 633 217 Fair value gains and losses (11 846 038) (11 109 970) (1 821 732) (1 075 004) Finance costs 178 - - - Finance income (5 832 595) (6 172 582) (5 178 723) (4 871 381) Gains on disposal of non-current assets (70 707) - (83 321 409) - Gains on foreign exchange realised in surplus or deficit 3 482 - - - Impairment losses and reversal of impairment losses recognised in surplus or deficit - 128 900 - - Income tax expense 1 209 779 (939 343) - - Levy contribution - - - 4 556 802 Non-cash movement in loans to group companies - - 7 661 925 - Levy fund reserve take-on - 23 965 797 - - Non-cash movement in other financial assets 1 215 891 475 049 211 948 - Dividends received (1 407 877) - (286 864) - Change in operating assets and liabilities: (Increase)/decrease in inventories (57 815) 41 382 - - Increase/(decrease) in trade receivables 10 641 335 (988 191) 380 903 (2 083 324) (Decrease)/increase in trade accounts payable (13 955 546) 11 110 357 (6 120 874) (11 578 617) Net cash flows from/(used in) operations 9 773 693 55 155 134 5 811 924 (2 904 145) 2025 2024 2025 2024 R R R R Amounts receivable/(payable) at the beginning of the year 156 767 - - - Amounts (receivable)/payable at the end of the year (114 688) (156 767) - - Taxation expense/(credit) (1 209 779) 939 343 - - Less deferred tax included in taxation expense 767 700 (1 116 033) - - (400 000) (333 457) - - ORGANISATION ORGANISATION GROUP GROUP 28. Income tax paid Income tax paid:
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