INVESTMENT PORTFOLIO

PORTFOLIO MIX

GOWINGS AT A GLANCE

* Before provision for tax on unrealised gains on equities and investment properties.
** Working capit al consist s of all ot her asset s not defined separat ely abov e, all liabilit ies excluding borrowings of $49,274,000 which is included in section 4, and before provision for tax on unrealised gains on equities and investment properties.
*** Macquarie Whole Sale distributed $838,840 representing return on Lifehealthcare fund through an Initial Public Offering (IPO).
*** Crescent Capital Partnership Ltd distributed $725,762 representing return on Lifehealthcare fund through an Initial Public Offering (IPO), fund now closed.
*** ANZ, redemption of cancelled units during the year, returned capital of $398,668.