IMF Bentham Limited Annual Report 2019

Statement of Cash Flows for the year ended 30 June 2019 Consolidated Note 2019 $’000 2018 $’000 Cash flows from operating activities Payments to suppliers and employees (35,625) (44,316) Interest income 4,308 2,225 Interest paid (8,938) (8,303) Income tax received/(paid) 3,459 (13,231) Net cash flows used in operating activities 9 (36,796) (63,625) Cash flows from investing activities Proceeds from litigation funding contracts – settlements, fees and reimbursements 43,179 94,893 Payments for litigation funding contracts – external costs (116,851) (106,999) Payments for litigation funding contracts – capitalised overhead and employee costs (6,826) (6,419) Purchase of plant and equipment (364) (236) Loans made to third parties – (521) Net cash flows used in investing activities (80,862) (19,282) Cash flows from financing activities Dividends paid – (8,093) Proceeds from issue of shares 76,105 – Payments for costs of issuing shares (2,327) – Proceeds from issue of debt 26,000 – Payments for costs of issuing debt (3,016) – Contributions from non-controlling interests 121,844 114,855 Distributions to non-controlling interests (28,299) (9,694) Payments for fund establishment costs (10,331) (4,226) Receipts for reimbursement of fund establishment costs 1,117 – Net cash flows from financing activities 181,093 92,842 Net increase in cash and cash equivalents held 63,435 9,935 Net foreign exchange difference 2,794 5,405 Cash and cash equivalents at beginning of year 160,231 144,891 Cash and cash equivalents at end of year 12 226,460 160,231 The above Statement of Cash Flows should be read in conjunction with the accompanying notes. The comparative information has been restated to reclassify $4,226,000 of payments for fund establishment costs from investing activities to financing activities. Overview Directors’ Report Financial Report Shareholder Information 83 IMF Bentham Limited Annual Report 2019