Annual Report 2010 - Ophir Energy
Annual Report 2010 - Ophir Energy
Annual Report 2010 - Ophir Energy
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Group Accounts<br />
Group Statement of Cash Flows<br />
For the year ended 31 December <strong>2010</strong><br />
NOTES<br />
YEAR ENDED<br />
31 DEC <strong>2010</strong><br />
US$’000<br />
YEAR ENDED<br />
31 DEC 2009<br />
US$’000<br />
Net cash flow used in operating activities 21 (12,754) (10,394)<br />
Investing activities<br />
Purchases of property, plant and equipment (904) (1,319)<br />
Exploration expenditure (44,595) (62,910)<br />
Funds from disposal of inventory 1,365 -<br />
Funds from joint venture disposal 11,268 -<br />
Funds placed on deposit (967) (384)<br />
Funds returned from deposit 1,200 14,279<br />
Funds from close out of forward exchange contract - 10,082<br />
Net cash flow (used in) investing activities (32,633) (40,252)<br />
43<br />
<strong>Ophir</strong> energy plc | <strong>2010</strong> ANNUAL REPORT<br />
Group accounts | Group Statement of Cash Flows<br />
Financing activities<br />
Issue of ordinary shares 1 107,820<br />
Issue costs - (560)<br />
Net cash flow from financing activities 1 107,260<br />
(Decrease)/increase in cash and cash equivalents for the year (45,386) 56,614<br />
Effect of exchange rates on cash and cash equivalents 234 536<br />
Cash and cash equivalents at the beginning of the year 135,077 77,927<br />
Cash and cash equivalents at the end of the year 16 89,925 135,077
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