IIG Prospectus - London Stock Exchange

International Investment Group Company K.S.C. (Closed)KuwaitInterim Condensed Statement of Cash Flows for the three months ended 31 March 2007(Unaudited)Kuwaiti DinarsFor the three monthsended31 MarchNote 2007 2006Cash flows from operating activitiesNet profit for the period 6,459,793 6,309,470Adjustments:Depreciation and amortisation 3,108 2,049Investments losses (gains) 10 107,269 (3,863,054)Company’s share in results of associates 6 (3,251,695) (2,833,607)Gain form sale shares in associates (3,597,399) -)Gain from sale shares in unconsolidated subsidiary (266,815) -)Finance costs 1,022,953 -Provision for doubtful debts 46,457 -Employees’ end of service indemnity 8,172 32,858Operating profits / (losses) before changes in operating assetsand liabilities531,843 (352,284)Investments at fair value through profit and loss (193,678) 3,770,747Accounts receivable (3,944,896) (8,664,145)Accounts payable (10,716,953) (1,951,169)Net cash used in operating activities (14,323,684) (7,196,851)Cash flows from investing activitiesMudarba receivables 3,328,867 -Paid for purchase shares in associates (24,802,270) (5,640,318)Proceeds from sale shares in associates 14,336,462 -Murabaha & Wakala investments 12,718,750 82,278Proceeds from sale of available for sale investments 3,031,347 12,076,500Paid for purchase of available for sale investments (165,000) -Proceeds from sale of shares in unconsolidated subsidiary 1,750,000 -Paid for purchase of property and equipment (27,869) (647)Murabaha income and dividends received 10,508 74,278Net cash provided from investing activities 10,180,795 6,592,091Cash flows from financing activitiesNet Islamic debt instruments (5,462,138) -Payment of finance costs (521,829) -Cash dividends paid (9,825) -Purchase of treasury shares (1,052,693) -Sale of treasury shares 860,111 -Net cash used in financing activities (6,186,374) -Net change in cash and cash equivalents (10,329,263) (604,760)Cash and cash equivalents at beginning of period 12,532,027 3,910,406Cash and cash equivalents at end of period 2,202,764 3,305,646The accompanying notes form an integral part of these interim condensed financial information.4F-6