Accelerate Property Fund Cash Flow Statement

Financials in millions ZAR. Fiscal year is April - March.

Millions ZAR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Net Income	-1,270	-624.74	-601.34	61.98	-705.7	Upgrade
Depreciation & Amortization	16.34	11.46	8.47	8.6	8.13	Upgrade
Other Amortization	42.47	9.16	-	-	-	Upgrade
Gain (Loss) on Sale of Assets	-	6.39	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	44.69	41.53	-64.6	-137.42	-63.63	Upgrade
Asset Writedown	274.26	354.81	809.18	363.84	588.1	Upgrade
Stock-Based Compensation	-	-	-	0.5	1.42	Upgrade
Change in Accounts Receivable	-39.02	-85.71	-84.43	-249.54	-33.44	Upgrade
Change in Accounts Payable	-6.4	-19.94	-20.46	27.03	-37.18	Upgrade
Other Operating Activities	341.52	533.29	367.81	374.82	513.4	Upgrade
Net Cash from Discontinued Operations	-	-	-7.08	62.23	83.29	Upgrade
Operating Cash Flow	450.7	384.35	422.34	512.04	354.38	Upgrade
Operating Cash Flow Growth	17.26%	-9.00%	-17.52%	44.49%	-51.60%	Upgrade
Acquisition of Real Estate Assets	-110.43	-38.43	-34.41	-43.48	-36.8	Upgrade
Sale of Real Estate Assets	66.98	97.75	146.7	108.5	188	Upgrade
Net Sale / Acq. of Real Estate Assets	-43.45	59.33	112.29	65.02	151.2	Upgrade
Other Investing Activities	-	-	-	599.61	-	Upgrade
Investing Cash Flow	-43.45	59.33	112.29	664.62	151.2	Upgrade
Long-Term Debt Issued	1,198	1,443	810	1,629	1,326	Upgrade
Long-Term Debt Repaid	-1,373	-1,467	-918	-2,355	-1,436	Upgrade
Net Debt Issued (Repaid)	-174.76	-24.35	-108	-725.81	-110.15	Upgrade
Issuance of Common Stock	200	-	44.75	-	-	Upgrade
Common Dividends Paid	-	-	-38.16	-	-	Upgrade
Other Financing Activities	-446.53	-436.29	-442.72	-423.46	-402.36	Upgrade
Foreign Exchange Rate Adjustments	-	-	0.55	-4.99	-1.13	Upgrade
Net Cash Flow	-14.04	-16.97	-8.95	22.41	-8.08	Upgrade
Cash Interest Paid	446.53	436.29	442.72	396.65	402.36	Upgrade
Cash Income Tax Paid	-	-	-	0.1	-	Upgrade
Levered Free Cash Flow	188.3	-710.01	-271.1	233.06	490.98	Upgrade
Unlevered Free Cash Flow	380.49	-363.29	-20.85	439.77	683.48	Upgrade
Change in Working Capital	-45.41	-105.65	-104.89	-222.51	-70.63	Upgrade

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.