ITF

Cash flows from opera ng ac vi es Surplus for the year Adjustments for: Deprecia on and amor sa on Decrease / (increase) in value of investments Gain on sale of investments Financial income Foreign exchange loss / (gain) Taxa on Decrease in trade and other receivables Decrease / (increase) in inventories Increase in trade and other payables Increase) / (decrease) in deferred income Tax paid Net cash from opera ng ac vi es Cash flows from inves ng ac vi es Proceeds from sale of investments Interest and dividends received Acquisi on of intangible assets Acquisi on of property, plant and equipment Disposal of short term investments (Olympics) Amounts placed on deposit (Olympics) Acquisi on of investments Net cash from inves ng ac vi es Net increase in cash and cash equivalents Cash and cash equivalents at 1 January Effects of exchange rate fluctua ons on cash held Cash and cash equivalents at 31 December Being Cash and cash equivalents per the balance sheet Other short term deposits Cash and cash equivalents at 31 December The notes on pages 14 to 36 are an integral part of these consolidated financial statements. CONSOLIDATED cash flow STATEMENT for year ended 31 December 2018 Note 2018 $000 2017 $000 23,24 20 20,21 22 20,21 23 24 28 (5,489) 1,351 3,211 (1,330) (537) 228 109 (2,457) 3,877 75 1,447 7,546 10,488 (110) 10,378 21,335 537 (1,879) (668) 6,000 - (31,423) (6,098) 4,280 24,726 (188) 28,818 28,749 69 28,818 5,263 1,087 262 (4,694) (911) (541) 195 661 1,077 (202) 4,233 (195) 5.574 (198) 5,376 35,094 606 - (1,304) 3,000 (2,640) (28,128) 6,628 12,004 12,197 525 24,726 14,169 10,557 24,726 ITF ANNUAL REPORT AND FINANCIAL STATEMENTS / 13

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