Avocet Mining PLC Prospectus December 2011

c105718pu030 Proof 5: 7.12.11_13:38 B/L Revision:
Cash flow data
31 March
2009
31 December
2009
31 December
2010
30 June
2010
30 June
2011
30 September
2011
(12 months)
Audited
(9 months)
Audited
(12 months)
Audited
(6 months)
Unaudited
(6 months)
Audited
(3 months)
Unaudited
US$000 US$000 US$000 US$000 US$000 US$000
Continuing Operations
Net cash (used in)/
generated from
operating activities (1,429) (8,766) 30,371 1,201 28,354 2,658
Net cash (used in)/
generated from
investing activities (2,230) (66,644) (37,029) (11,132) 133,425 (2,526)
Net cash (used in)/
generated from
financing activities (21,385) 34,200 (12,098) (480) (36,965) (57,643)
Exchange gains/(losses) (306) 44 (49) (117) 183 23
Transfers with
discontinued
operations and
reclassification of cash
not held for sale (5,433) 14,796 38,865 14,743 4,773 (1,432)
Net (decrease)/increase in
cash and cash
equivalents from
continuing operations (30,783) (26,370) 20,060 4,215 129,770 (58,920)
Discontinued operations
Net (decrease)/increase in
cash and cash
equivalents from
discontinued
operations (24,695) 15,729 21,274 8,820 5,010 (1,423)
Exchange (losses)/gains (133) 75 (2) (1) (237) (9)
Transfers with continuing
operations and
reclassification of cash
not held for sale 5,433 (14,796) (38,865) (14,743) (4,773) 1,432
Total (decrease)/increase
in cash and cash
equivalents (50,178) (25,362) 2,467 (1,709) 129,770 (58,920)
Cash and cash equivalents
at the start of the
period 122,596 72,418 47,056 47,056 49,523 179,293
Total cash and cash
equivalents at the end
of the period 72,418 47,056 49,523 45,347 179,293 120,373
Cash and cash equivalents
at the end of the period
– continuing
operations 55,833 29,463 49,523 33,678 179,293 120,373
Cash and cash equivalents
at the end of the period
– discontinued
operations 16,585 17,593 — 11,669 — —
Total cash and cash
equivalents at the end of
the period 72,418 47,056 49,523 45,347 179,293 120,373
72