ITF

ITF Trust Annual Report and Financial Statements 2022 15 Statement con nues over the page. Note(s) 2022 $000 2021 $000 Cash flows from opera ng ac vi es Deficit for the year before taxa on (2,396) (5,983) Adjustments for: Deprecia on and amor sa on 23, 24, 26 2,519 2,824 Decrease / (increase) in value of investments 5,768 (864) Gain on sale of investments 20 (1,042) (3,288) Financial income 21 (10) (1) Finance costs 10 25 Foreign exchange (gain) / loss (275) 125 4,574 (7,162) Increase in trade and other receivables (14,158) (4,628) Increase in restricted cash (11) (2) Decrease in inventories 175 263 Increase in trade and other payables 4,214 14,893 (Decrease) / increase in deferred income (8,468) 14,069 Decrese in provisions (319) – Increase in long-term security deposit 11 2 (13,982) 17,435 Interest received 14 - Tax received 487 219 Net cash (used in) / generated from opera ng ac vi es (13,481) 17,654 Cash flows from inves ng ac vi es Proceeds from sale of investments 6,581 12,083 Interest (paid) / received 20, 21 (4) 1 Acquisi on of intangible assets 23 (1,251) (1,316) Acquisi on of property, plant and equipment 24 (232) (139) Disposal of short term investments (Olympics) 4,480 - Amounts placed on deposit (Olympics) (8,342) (3,116) Acquisi on of investments (2,500) (1,000) Net cash (used in) / generated from inves ng ac vi es (1,268) 6,513 Cash flows from financing ac vi es Repayment of borrowing – (3,000) Principal elements of lease payments 41 (712) (669) Net cash used in financing ac vi es (712) (3,669) for the year ended 31 December 2022 Consolidated Cash Flow Statement

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