ECIC AR 2024 9TH

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1

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Integrated Report 2024

E X P O R T C R E

L T D

O C

A S

C

R I

D I

F

T

A

I

N

H

S

T

U

U

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Cashflow Management

in R'000

2024

2023

Cash flows from operating activities Cash used in underwriting activities

(2 221 447)

(677 516)

Interest received

550 052

435 438

Interest Makeup grant receipts

155 505

150 000

Interest Makeup claims paid

(159 517)

(179 656)

Dividends received

67 649

59 053

Interest expense

(1 896)

(792)

Tax paid

(494 286)

(99 265)

Net cash from operating activities

(2 103 940)

(312 738)

Cash flows from investing activities Purchase of property and equipment

(3 749)

(1 730)

Proceeds from sale of equipment

51

-

Net proceeds/(purchases) of investments at FV

846 239

(1 801 250)

Net cash from investing activities

842 541

(1 802 980)

Cash flows from financing activities Payments of lease liabilities

(3 614)

(1 771)

Total cash movement for the year

(1 265 013)

(2 117 489)

Balance at the beginning of the year

2 355 461

4 487 620

Translation effects

(2)

27 730

Unrealised forex movements

(13 425)

(42 400)

Cash and cash equivalents at the end of the year

1 077 021

2 355 461

YOUR EXPORT RISK PARTNER

109