International Biotechnology Trust (IBT) 31 Aug 2002 Page 15
International Biotechnology Trust plc
Unaudited Cash Flow Statement
For the year
ended
31 August 2002
For the year
ended
31 August 2001
£'000
£'000
Operating activities
Dividend income received
_
2
Current asset investment income received
256
2,639
Deposit interest received
27
504
Management fee paid
(852)
(3,043)
Performance fee
_
(4,440)
Other cash payments
(729)
(2,138)
Net cash outflow from operating
activities
(1,298)
(6,476)
Servicing of finance
Interest paid
_
(15)
Cash outflow from servicing of finance
_
(15)
Taxation
UK income tax recovered/(suffered)
67
(67)
Tax recovered/(paid)
67
(67)
Capital expenditure and financial
Investment
Purchase of investments
(25,579)
(49,124)
Disposal of investments
19,816
101,152
Net cash (outflow)/inflow from capital
expenditure and financial investment
(5,763)
52,028
Net cash (outflow)/inflow before
management of liquid resources and
financing
(6,994)
45,470
Management of liquid resources
2,777
85,319
Financing
Repurchase of shares following Tender
Offer
_
(121,828)
Stamp duty
_
(609)
Net cash outflow from financing
_
(122,437)
Net cash (outflow)/inflow in the year
(4,217)
8,352
