macquarie global infrastructure total return fund annual report 2012

Statement of Cash Flows
FOR the Year ENDED November 30, 2012
(Expressed in U.S. Dollars)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net increase in net assets from operations $ 52,322,041
Adjustments to reconcile net increase in net assets from operations
to net cash provided by operating activities:
Purchase of investment securities (308,571,363)
Proceeds from disposition of investment securities 389,879,213
Net realized gain on investments (21,220,326)
Net change in unrealized appreciation/depreciation on investments
and translation of assets and liabilities denominated
in foreign currencies (16,414,163)
Increase in dividends receivable (1,097)
Increase in tax reclaim receivable (92,475)
Decrease in securities lending income receivable 28,357
Increase in other assets (3,689)
Decrease in accrued interest on loan payable (5,245)
Increase in accrued investment advisory expense 88,258
Decrease in accrued administration expense (90)
Increase in accrued legal expense 172,477
Increase in accrued directors expense 15,311
Increase in other payables and accrued expenses 392,795
Net Cash Provided by Operating Activities 96,590,004
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of bank borrowing (871,373)
Cash distributions paid (16,624,391)
Payout for shares redeemed via tender offer (67,501,959)
Net Cash used in Financing Activities (84,997,723)
Effect of exchange rates on cash 263,485
Net increase in cash 11,855,766
Cash and foreign currency, beginning balance $ 1,847,144
Cash and foreign currency, ending balance $ 13,702,910
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest on bank borrowing: $ 1,477,088
See Notes to Financial Statements.
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