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Escher Group Holdings plc
Annual report 2011
25
Financial statements
Corporate governance
Business review
Overview
for the year ended 31 December 2011
Company statement of cash flows
Notes
2011
US$’000
2010
US$’000
Cash flows from operating activities
Cash generated from operations
20
(193)
—
Income tax paid
1
—
Net cash generated from operating activities
(192)
—
Cash flows from financing activities
Intercompany loans
(17,719)
—
Funds raised on admission to AIM
23,837
—
Share issue costs paid
(3,483)
—
Net cash generated from financing activities
2,635
—
Net increase in cash and cash equivalents
2,443
—
Cash and cash equivalents at beginning of year
13
13
Net increase in cash and cash equivalents
2,443
—
Cash and cash equivalents at end of year
15
2,456
13
The accompanying notes are an integral part of these financial statements.
On behalf of the Board
Liam Church
Trevor McIntyre
Chief Executive Officer
Finance Director
12 April 2012