International Biotechnology Trust (IBT) 22 sept 2003 Page 16
International Biotechnology Trust plc
Unaudited Cash Flow Statement
For the year
ended
31 August 2003
For the year
ended
31 August 2002
£'000
£'000
Operating activities
Income
56
283
Management fees paid
(617)
(852)
Other cash payments
(537)
(729)
Net cash outflow from operating
activities
(1,098)
(1,298)
Servicing of finance
Interest paid
_
_
Cash outflow from servicing of finance
_
_
Taxation
UK income tax recovered
_
67
Tax recovered
_
67
Capital expenditure and financial
Investment
Purchase of investments
(7,838)
(25,579)
Disposal of investments
8,994
19,816
Net cash inflow/(outflow) from capital
expenditure and financial investment
1,156
(5,763)
Net cash inflow/(outflow) before
management of liquid resources and
financing
58
(6,994)
Management of liquid resources
(793)
2,777
Financing
Repurchase of shares for cancellation
(615)
_
Net cash outflow from financing
(615)
_
Net cash outflow
(1,350)
(4,217)
Notes:
1. Audit
status
The financial information set out in the announcement does not constitute the Company's
statutory accounts for the year ended 31 August 2003 or 31 August 2002. The financial
information for the year ended 31 August 2002 is derived from the statutory accounts for that
year which have been delivered to the Registrar of Companies. The auditors reported on
