SEO Version
63
Year ended 31 December 2011
Consolidated Statement of Cash Flows
Note
Year ended
31/12/2011
Period from
19/5/2010 to
31/12/2010
$’000
$’000
Operating activities
Profit for the year/period
209,356
39,610
Adjustments for:
Finance income
(632)
(192)
Finance costs
44,313
38,322
Depreciation and amortisation
523
121
Income tax expense
88,977
12,983
Equity-settled unit-based expenses
297
368
Changes in fair value of financial derivatives
(360)
(1,552)
Realised gains on settlement of financial derivatives
–
(9,479)
Changes in fair value of investment properties
(312,461)
(33,040)
Net foreign exchange loss/(gain)
4,674
(40,523)
Operating income before working capital changes
34,687
6,618
Changes in working capital:
Change in trade and other receivables
(8,552)
6,593
Change in trade and other payables
11,570
(670)
Cash generated from operations
37,705
12,541
Income taxes paid
(1,505)
(786)
Net cash generated from operating activities
36,200
11,755
Investing activities
Development cost paid on investment properties
(38,121)
(4,716)
Purchase of plant and equipment
(693)
(40)
Interest received
632
192
Acquisition of subsidiaries, net of cash acquired
(145,479)
81,080
Net cash (used in)/from investing activities
(183,661)
76,516
The accompanying notes form an integral part of these financial statements.
SAR1112034_TCT_AR_().indb 63
3/23/2012
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