Macquarie International Infrastructure Fund Limited SGX Quarterly ...

Unaudited Financial Results=For the quarter ended 30 September 2007Borrowings (cont’d)MIIF’s borrowings which amount to $210.3 million as at 30 September 2007 are generally repayable after one yearand are drawn from committed debt facilities with terms ranging from one to three years. The total undrawn facilitiesas at 30 September 2007 were $482.9 million.Lease liabilities are effectively secured as the rights to the leased assets recognised in the financial statementsrevert to the lessor in the event of default.ProvisionsProvision for taxation amounts to $5.1 million and arises only on consolidation and relates to TanQuid only.Provisions for other liabilities and charges of $15.4 million arise only on consolidation of TanQuid, and relate tostorage site rehabilitation obligations and employee benefits of TanQuid.Deferred income tax liabilitiesDeferred tax liabilities of $21.0 million arise on consolidation and relate to TanQuid only.Cash Flows AnalysisMIIF had a net operating cash inflow of $151.0 million during the period from 1 July 2007 to 30 September 2007.The cash proceeds generated from MIIF’s operations, together with the beginning cash balance, will be used to paydividends declared by MIIF.Additional InformationAccounting Policies ApplicationAccounting policies and methods of computation applied in the preparation of these figures that are not stated inthis report are the same as those used in the most recently audited financial statements.Effects of seasonalityThere were no impacts on MIIF’s revenue arising from seasonality.Interested Person Transactions(a) DirectorsThe following persons were directors of MIIF during the periods being reported on:Date of AppointmentDate of ResignationJohn Stuart Hugh Roberts 7 February 2005 Not applicableHeng Chiang Meng 7 February 2005 Not applicableRobert Andrew Mulderig 7 February 2005 Not applicableMichael David Hamer 7 February 2005 Not applicableGregory Kenneth Osborne (alternate director to JohnStuart Hugh Roberts)7 February 2005 5 October 2007Directors’ remunerationJohn Roberts and Gregory Osborne are executive directors of Macquarie Group Limited (“MGL”), the ultimateparent entity of the Manager, and are not entitled to any remuneration from MIIF, other than reimbursement ofexpenses incurred on behalf of MIIF, such as travel costs and accommodation. Heng Chiang Meng, RobertMulderig and Michael Hamer are entitled to a total remuneration of US$50,000 per annum each.Macquarie International Infrastructure Fund Limited Page 14