| Cash Flow for Pacific Internet Ltd. (PCNTF) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Net Income | 3,864 | 6,506 | 6,207 | 2,840 | 1,666 | | Depreciation & Amortization | 4,894 | 4,616 | 5,220 | 5,657 | 6,114 | | Deferred Income Taxes | - | 9 | (75) | (506) | 272 | | Operating Losses | (245) | 731 | 369 | 1,694 | 2,206 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (6,883) | (1,517) | 116 | 65 | 692 | | Decrease in Inventories | (67) | 48 | (1) | 84 | (183) | | Decrease in Other Current Assets | - | 213 | (68) | (3,359) | (962) | | Increase in Payables | 3,079 | (304) | (2,232) | 453 | 1,053 | | Increase in Other Current Liabilities | (2,328) | (213) | 3,557 | 904 | 471 | | Decrease in Other Working Capital | 465 | - | - | - | - | | Other Non-Cash Items | 1,009 | 2 | - | - | - | | Net Cash from Continuing Operations | 6,450 | 8,345 | 14,345 | 9,882 | 13,023 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 6,450 | 8,345 | 14,345 | 9,882 | 13,023 | | | | Sale of Property, Plant, Equipment | 174 | 7 | 173 | 90 | 142 | | Sale of Short Term Investments | - | - | - | 147 | - | | | Purchase of Property, Plant, Equipment | (6,242) | (6,163) | (4,921) | (3,375) | (3,179) | | Acquisitions | 943 | (1,277) | (184) | - | - | | Purchase of Short Term Investments | - | - | - | - | (144) | | Other Investment Changes, Net | (2,521) | (692) | (96) | (504) | (222) | | Cash from Investing Activities | (7,643) | (8,125) | (5,028) | (3,642) | (3,403) | | | Issuance of Debt | 15 | 3 | 9 | - | 546 | | Issuance of Capital Stock | 2,666 | 395 | 991 | 782 | - | | | Repayment of Debt | (1,813) | (345) | (366) | (3,352) | (3,724) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | 868 | 53 | 634 | (2,570) | (3,178) | | | | Effect of Exchange Rate Changes | (129) | 2 | (111) | 289 | - | | Net Change in Cash | (454) | 275 | 9,840 | 3,959 | 6,442 | | | Cash at Beginning of Year | 38,152 | 34,859 | 25,679 | 20,706 | 13,832 | | Cash at End of Period | 37,698 | 35,134 | 35,519 | 24,665 | 20,274 | | | |
