31 December 2010 - Campus Living Villages

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Unaudited report for the half year ended 31 December 2010 Campus Living Land Trust (USA) CONSOLIDATED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 31 DECEMBER 2010 A$’000 December 2010 December 2009 Cash flows from operating activities Receipts from customers 78,326 77,726 Payments to suppliers and employees (52,173) (46,117) Interest received 638 412 Interest paid (26,552) (23,938) Dividends received 61 - Income taxes paid (97) - Net cash flow generated from current period 203 8,083 Payment of prior year responsible entity fees (4,783) (1,800) Net cash flow from operating activities (4,580) 6,283 Cash flows from investing activities Capital expenditure (38,989) (117,696) Net cash outflow from investing activities (38,989) (117,696) Cash flows from financing activities Proceeds from issue of equity 33,268 96,186 Equity raising costs - (28) Proceeds net of repayments of borrowings 7,380 22,333 Net advances (to)/from related parties 6,273 - Distributions to unit holders¹ (10,100) (3,904) Net cash inflow from financing activities 36,821 114,587 Net (decrease)/increase in cash and cash equivalents (6,748) 3,174 Effects of exchange rate changes on cash and cash equivalents (5,364) (2,756) Cash and cash equivalents at the beginning of the half year 75,213 50,138 Cash and cash equivalents at the end of the half year 63,101 50,556 1 The distribution paid this period was $10.1 million (June 2010 distribution). The distributions paid in the prior period were $2.9 million (June 2009 distribution) and $1.0 million (September 2009 distribution). The above Consolidated Cash Flow Statement should be read in conjunction with the accompanying notes. 5
Unaudited report for the half year ended 31 December 2010 Campus Living Land Trust (USA) CONOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2010 A$’000 December 2010 June 2010 Current Assets Cash and cash equivalents 63,101 75,213 Trade and other receivables 10,855 9,715 Inventory 67 57 Other current assets 2,303 3,472 Total Current Assets 76,326 88,457 Non-Current Assets Receivables 21 - Other financial assets 338 338 Equity accounted investments 1,698 2,054 Derivative financial instruments 56 56 Property, plant and equipment 949,623 1,032,430 Intangible assets 39,854 43,735 Deferred taxation assets 704 952 Other non-current assets 3,039 1,765 Total Non-Current Assets 995,333 1,081,330 TOTAL ASSETS 1,071,659 1,169,787 Current Liabilities Trade and other payables 34,975 53,022 Provisions 975 1,010 Income tax liability 685 487 Derivative financial instruments 1,342 - Related party borrowings 6,273 - Borrowings 304,363 228,761 Total Current Liabilities 348,613 283,280 Non-Current Liabilities Provisions 1,115 1,203 Borrowings 476,106 627,704 Derivative financial instruments 16,906 30,391 Deferred taxation liabilities 11,728 12,357 Total Non-Current Liabilities 505,855 671,655 TOTAL LIABILITIES 854,468 954,935 Net Assets 217,191 214,852 Equity Parent entity equity Issued capital 195,453 178,739 Accumulated losses (75,915) (65,054) Reserves (14,766) 150 Total Parent Entity Interest 104,772 113,835 Other entities in stapled group Issued capital 184,149 167,595 Accumulated losses (72,013) (71,747) Reserves (4,624) 292 Total Equity of Other Stapled Entities 107,512 96,140 Non-controlling interest 4,907 4,877 TOTAL EQUITY 217,191 214,852 The above Consolidated Balance Sheet should be read in conjunction with the accompanying notes. 6
Page 1 and 2: half year report 31 December 2010
Page 3 and 4: Unaudited report for the half year
Page 5: Unaudited report for the half year

31 December 2010 - Campus Living Villages

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