Macquarie International Infrastructure Fund Limited SGX Quarterly ...

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Unaudited Financial Results=For the quarter ended 30 September 2007Interested Person Transactions (cont’d)(c) Macquarie Group (Macquarie)MGL is the ultimate parent of the Manager. Macquarie and in particular Macquarie Capital Advisers (MacCap Adv)are an important source of acquisition opportunities and financial and acquisition advice.During the period, the Group engaged MacCap Adv to advise on the acquisition of TBC. The fees payable arecurrently being reviewed by an independent expert to establish whether they are consistent with the level of feesthat would be charged for a similar transaction on normal commercial terms and conditions. Upon completion of theexercise, the fees will be submitted to the independent directors of the MIIF Board for approval.MIIF utilises the services provided by MGL’s foreign exchange department from time to time to enter into foreignexchange forward contracts. Pricing received is benchmarked against third party pricing.TanQuid has entered into an interest rate swap with a Macquarie entity which it entered into on normal commercialterms.Macquarie International Infrastructure Fund Limited Page 16
Unaudited Financial Results=For the quarter ended 30 September 2007Consolidated Income StatementGroupQuarter ended30 Sep 07$’000GroupYear to date30 Sep 07$’000GroupQuarter ended30 Sep 06$’000GroupYear to date30 Sep 06$’000IncomeStorage revenue 33,517 93,694 27,069 67,180Interest revenue 1,114 2,549 474 1,248Other income 2,207 2,207 - -Net foreign exchange (loss)/gain (7,360) (8,088) 368 1,482Net gain on financial assets at fair value through profit or77,124 295,844 74,079 121,402lossTotal income 106,602 386,206 101,990 191,312ExpensesBase management fee 4,586 12,144 3,020 8,618Performance Fee - 3,146 - -Finance costs 7,301 19,143 3,814 8,249Employee benefits expense 9,512 26,703 7,484 19,272Depreciation 6,791 18,985 5,266 12,520Professional services 234 1,586 585 1,395Consumables 6,361 17,966 2,133 5,798Rental expense 2,229 5,849 1,508 4,049Directors’ fees 57 171 64 184Other operating expenses 4,606 15,197 6,521 15,142Total operating expenses 41,677 120,890 30,395 75,227Profit before income tax 64,925 265,316 71,595 116,085Income tax expense (169) (5,010) - -Profit after income tax 64,756 260,306 71,595 116,085Profit attributable to the equity holders of MIIF 64,756 260,306 71,595 116,085Basic earnings per share (cents per share) 5.05 20.30 5.59 9.07Diluted earnings per share (cents per share) 5.05 20.30 5.59 9.07Macquarie International Infrastructure Fund Limited Page 17
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