Lead Manager

SECTION 5
FINANCIAL INFORMATION
NET REVENUE BY BUSINESS GROUP
Year ended 31 December ($000) 2001A 2002A 2003A
$:US$ exchange rate 0.5176 0.5440 0.6529
Revenue
– Real Estate 42,935 34,131 70,994
– Infrastructure and Project Finance 59,626 92,186 93,283
– Operating Leasing 114,435 110,461 88,142
– Structured Finance 239,630 208,375 137,761
– Corporate Principal Investment and Funds Management (1,390) 16,508 42,747
Net Revenue 455,236 461,661 432,927
Other revenue (1,762) 796 1,188
5.3.1.2 Pro-forma statement of cash flows
Consistent with the reporting level used for the pro-forma historical statement of financial performance, the
pro-forma historical statement of cash flows excludes the impact of historical bonuses and tax payments as this
information is not considered meaningful.The pro-forma statement of cash flows below is presented in summary
format and assumes that the following transactions have taken place:
• The payment of dividends and distributions to the pre-IPO owners as part of the Restructure amounting
to approximately $128 million
• The raising of approximately $18 million from existing Executive Stakeholders immediately prior to
the IPO
• The raising of $550 million of new capital as part of the IPO
• The repayment of debt amounting to approximately $120 million from the proceeds of the IPO and
$20 million from existing cash resources
• Transaction costs associated with the IPO and capital raising estimated at $27 million
A detailed pro-forma statement of cash flows is presented as part of the pro-forma financial statements in
Appendix A.
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