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Loss for the period (attributable to ordinary shareholders)<br />

(3,553)<br />

Adjustments for:<br />

Changes in fair value of investment properties<br />

11<br />

4,859<br />

Finance expense<br />

7<br />

649<br />

Movement in rent smoothing adjustments<br />

4<br />

(131)<br />

Tax expense<br />

231<br />

Increase in trade and other receivables<br />

(104)<br />

Increase in deferred rental income<br />

1,188<br />

Increase in trade and other payables<br />

738<br />

Cash generated from operations<br />

3,877<br />

Net cash flow generated from operating activities<br />

3,877<br />

Investing activities<br />

Purchase of investment properties<br />

(201,540)<br />

Capitalised acquisition costs<br />

(10,660)<br />

Net cash flow used in investing activities<br />

(212,200)<br />

Financing activities<br />

Proceeds from issue of ordinary share capital<br />

16<br />

120,000<br />

Cost of share issues<br />

16<br />

(2,438)

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