ITF

CONSOLIDATED CASH FLOW STATEMENT for the year ended 31 December 2012 Note 2012 2011 $000$000 Cash flows from operating activities 3,3241,649 Surplus for the year Adjustments for: Depreciation, amortisation and impairment (Increase)/decrease in value of investments (2,172)1,984 Financial income (684)(716) Financial expense -6 Foreign exchange loss 51 157 (Gain) on sale of investments (254) (450) 1,597 22 Taxation 374471 2,236 Decrease/(increase) in trade and other receivables 4,555 2,911 1,454 (2,459) 5124 Decrease in inventories (Decrease) in trade and other payables (1,358)(24) Increase/(decrease) in deferred income 16,505(812) Tax suffered Net cash from operating activities 20,3451,284 (374)(471) 19,971813 Cash flows from investing activities 9,12513,164 Proceeds from sales of investments Acquisition of property, plant and equipment 684716 Interest and dividends received (1,714)(2,014) 22 Disposal of short term investments (Olympics) 3,8633,873 Acquisition of investments (9,863)(14,072) Net cash from investing activities 2,0951,667 Cash flows from financing activities Interest paid -(6) Net cash from financing activities -(6) Net increase in cash and cash equivalents 22,0662,474 Cash and cash equivalents at 1 January 9,6917,217 Effects of exchange rate fluctuations on cash held (38) Cash and cash equivalents at 31 December 2012 31,7199,691 Being: Other short term deposits 31,3378,927 Cash and cash equivalents per the balance sheet 26 Cash and cash equivalents at 31 December 2012 382764 31,7199,691 ITF FINANCIAL STATEMENTS 47

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