Consolidated cash flow statement

Cash flows from operating activities

Total comprehensive income of the period

388,058

(179,150)

Adjustments for

- Changes in fair value of investments

(293,967)

269,897

- Results on sale of investments

3

(10,809)

(4,122)

- Net financial income and expenditures

6

30,014

23,753

Operating cash flow before change in working capital

113,296

110,378

Change in

- Trade and other receivables

(275)

5,503

- Trade and other payables

968

(6,762)

Change in working capital

693

(1,259)

Paid interest

(32,311)

(22,040)

Received interest

1,461

1,006

Paid landlord levy

(441)

(858)

(31,291)

(21,892)

Net cash flow from operating activities

82,698

87,227

Cash flows from investing activities

Investments in completed investment property

7

(5,613)

(80)

Investments in capitalised subsequent expenditure in investment property

(4,667)

(7,900)

Divestments of investment property and assets held for sale

230,417

37,892

Prepayments for assets under construction

(151,639)

(192,012)

Net cash flow from investing activities

68,498

(162,100)

Cash flows from financing activities

Increase / (decrease) in capital contributions

12

1,108

121,831

Redemption of units

12

(90,802)

(38,938)

Dividend paid to Investors

(92,000)

(88,250)

Proceeds from loans and borrowings

16

425,000

155,000

Repayment of loans and borrowings

16

(305,000)

(100,000)

Net cash flow from financing activities

(61,694)

49,643

Net increase / (decrease) in cash and cash equivalents

89,501

(25,230)

Cash and cash equivalents at the beginning of the period

16,271

41,501

Cash and cash equivalents at end of the period

105,772

16,271