de 2017 Annual Report-FINA X O File C:/Users/Alexa/AppData/local/Packages/microsoft windows + 34 CABLE BAHAMAS LTD. CONSOLIDATED STATEMENT of FINANCIAL POSITION AS AT JUNE 30, 2017 / Expressed in Bahamian Dollar 2017 (18 Months) 2015 (12 Months) ASSETS $ $ 55,914,929 25,536,710 9,051117 18,456,904 108,959,660 63,000,666 25,839,097 3,522,584 11.594,106 103,956,253 CURRENT ASSETS: Cash and cash equivalents Trade and other receivables (Notes 4 and 19 Prepaid expenses and deposits Inventory Totat current assets NON-CURRENT ASSETS Investment in a joint venture (Note 5) Property, plant and equipment (Notes 6, 18 and 19) Beferred tax asset (Note 16) Good (Note B) Intangible assets Notit) Total non-cursets 6,093,938 412.595.140 33,183,845 13.074.164 4.171.658 300,628,235 31484,846 15.074,164 29.951677 329.310.580 95.278.181 560.725.268 5. 669,684,928 $ 48.266 835 TOTAL BE ricationsapps 8wekyb3d8bbwe/LocalState... a Not syncing 50 A Read aloudy Draw Highlight CABLE BAHAMAS LTD. CONSOLIDATED STATEMENT of FINANCIAL POSITION AS AT JUNE 30, 2017 / Expressed in kahamian Dollar 2017 (18 Months) Continued 2015 12 Months) $ $ 71,817,684 3.111.402 11.679.496 41.773398 1,896,484 1.461,634 11,424,375 86,608,582 56,555,891 LIABILITIES AND EQUITY CURRENT LIABILITIES: Accounts payable and accrued Liabilities (Note 19) Deferred income Current portion of other liabilities (Note 9) Current portion of long-term debt (Note 111 Total current liabilities NON-CURRENT LIABILITIESE Subscriber deposits Other liabilities (Note 9 Deferred tax liability (Note 16) Long-term debt (Note 11) Notes payable (Note 10) Preferred shares (Notes 12 and 191 Total non current liabilities 7.874915 37.722.791 33.183,845 96,929 173 57.891.965 7.499.023 10,946,235 31,484 846 88.065 426 232.235.338 465838,022 552.446,609 202 810,000 340,805,550 Total abilities 597,361421 13352759 EQUITY Ordinary share capital Note 3 Non-controlling interest Retained earning Total equity 30,367,507 41.426,168 7653 15.444844 17:238319 BS905417 TOTAL 56944933 483.266833 Sotto These coalidated financement Weapproved by the Board of Director forum 3:50 19 10/31 2017 Annual Report-FINA X O File | C:/Users/Alexa/AppData/local/Packages/microsoft.winc 4 and OTHER COMPREHENSIVE INCOME FOR THE PERIOD FROM JANUARY 1, 2016 TO JUNE 30, 2017 / Expressed in Bahamian Dollars) 2017 (18 Months) 2015 (12 Months) REVENUE (Note 19) OPERATING EXPENSES (Notes 17, 18 and 19) $ 281,968,068 (232,335,725) 49,632,343 (67,174,520) (17,542,177) (5,908,548) 22.280 Depreciation and amortisation (Notes 6 and 7) OPERATING (LOSS) INCOME Loss on disposal of assets (Note 6) Gain loss) on joint venture (Note 5) Goodwill impairment (Note 81 interest expense (Note 11) Dividends on preferred shares (Note 12) NET LOSS BEFORE INCOME TAX EXPENSE INCOME TAX EXPENSE (Note 16) Net and comprehensive toss her oss attributable to non controlling interest NET AND COMPREHENSIVE LOSS ATTRIBUTABLE TO OWNERS OF THE COMPANY BASIC EARNINGS PER SHARE (Nate 15 DILUTED EARNINGS PER SHARE INTE 15) $ 165,677,646 (113,929,688) 51,747,958 (30,153,568) 21,594,390 (58,540) (68,112) (20,499.000) 14.404,102) (10,935,915) (14,571,277) (8.445,921) (19.841,961) 51.716.327) (14,571277) (51726,661) (28.741,139) 5 122.985,522) 0 54 20:55 $ $ 114271,272) (055) 0313 $ Not syncine Eionsapps_8wekyb3d8bbwe/localState... * Read aloud y Draw Highlight Erasel CHANGES IN EQUITY FOR THE PERIOD FROM JANUARY 1, 2016 TO JUNE 30, 2017 / Expressed in Bahamian Dollars ORDINARY SHARE CAPITAL RETAINED EARNINGS NON-CONTROLLING INTEREST TOTAL $ 13,592,424 $ $ 94,247431 (14,371,277) $ 107,839,855 (14,371,277) (14,665) (201732) 269,888 (216,597) 269,888 (7616,657) 6616,657) 72,327,653 13,577,759 85,905,412 Balance at December 31, 2014 Total comprehensive loss Repurchased and cancelled ordinary shares (Note 13) Vested share based options (Note 18) Dividends on ordinary shares {$0.19 per share) Balance at December 31, 2015 Total comprehensive loss attributable to owners of the company issuance of ordinary shares (Note 13) Vested Share based options (Note 18) Non controlling interest Dividends an ordinary shares (50409 per sharel Balance at line 30, 2017 122.985,522) 16,789.548 (22,985,522) 16,789,548 244,997 244,997 41,426,168 41-426,168 (4.142.284) $ 45,446844 530567 307 14.142284 5117.238,319 5 41426.168 See on looted CONSOLIDATED STATEMENT of CASH FLOWS FOR THE PERIOD FROM JANUARY 1, 2016 TO JUNE 30, 2017 / Expressed in Bahamian Dollar 2017 (18 Months) 2015 (12 Months) $ (51,726,661) $ (14,371,277) 67,174,520 21 19,841,961 30,153,568 4,404,102 10,935,913 20,499,000 68,112 58,540 (27,280) 5,908,548 240,158 CASH FLOWS FROM OPERATING ACTIVITIES: Loss for the year Adjustments for Depreciation and amortisation (Notes 6 and 7) Interest expense (Note 10) Dividends on preferred shares (Note 12) Goodwill impairment (Note 8) (Gain) loss on joint venture (Note 5) Loss on disposal of assets Amortisation of issuance costs Amortisation of IRU (Note 9) Operating cash flows before working capital changes Decrease increase) in trade and other receivables Increase in prepaid expenses and deposits Increase in inventory Increase in accounts payable and accrued abilities Increase (decrease) in deferred Income Increase in subscriber deposits Net cash from operating activities 1978,598) 48,883,569 302,387 (5,528,733) (6,862,798) 30.044,286 1.214918 375,892 (158.135) 51,589,823 07.374,976) (301,491) 12.539,369) 7 595 511 [163453) 605,989 68,429,521 49,212054 CASH FLOWS FROM INVESTING ACTIVITIES Additions to property, plant and equipment (Notes 6,18 and 19) Additions to intangible assets (Note? Additions to investment int venture Note] Proceeds from disposal of assets Note Net cash used in investing activities 175 496,892) 75.296,799 11.900.000) 170,968.161) 11.464,020) 17214 2392.716,477) 714285701 ype here to search O a a A9 Read aloudy Draw Highliglit CONSOLIDATED STATEMENT of CASH FLOWS FOR THE PERIOD FROM JANUARY 1, 2016 TO JUNE 30, 2017 / Expressed in Bolamnian Dollary 2017 (18 Months) 2015 (12 Months) $ $ 4,000,000 (9,125,902) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from long-term debt (Note 11) Repayment of long-term debt (Note 11) Payment of transaction cost Repayment of mortgage (Note 9) Increase in capital lease obligations (Note 9) Capital lease principal repayments (Note 9) Deferred IRU (Note 9) Issuance of preferred shares (Note 12) Redemption of preferred shares (Note 12) Issuance of notes payable Issuance of ordinary shares Repurchased and cancelled ordinary shares (Note 13) Issuance of share based options (Note 18) Interest paid on long-term debt (Note 11) Dividends paid on preferred shares Note 12) Dividends paid on ordinary shares (Note 15) Net cash from financing activities NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR (1,600,000) (1,200,786) (247,298) 33,102,931 (1,691,507) 6,808,890 42,735,358 (13,310.000) 57,891,965 86,956,855 (151,777) 2,396,034 (728,234) 6,931,496 75,000,000 244,997 (8.445.921) (19,841,961) 14.1422284) 177,261219 216,397) 269,888 14.404,102) (10,876,658) (7.616,657) 55,477,691 17.085737) 63.000 666 32,261,155 30,259,511 CASH AND CASH EQUIVALENTS END OF YEAR 5 55,914,929 3 53.000 666 Londed 3:! 10/3 Z Paragraph Calculate the following (tax rate is 2535) NOPAT EBIT Net Fixed Assets I Total operating capital Net investment Free cash flow