Restatement increases comparative net operating cash outflows by 5.5%

Jersey investment company 3i Infrastructure restates without explanation its prior year cash flow statement to reclassify £31.9 million cash in transit to purchases of investments and distribution to minority interests, with net cash outflow from operating activities increasing by 5.5%.

Impairment of US$10.4 million reduces pre-tax profit by 13%

Jersey-based gold mining company Randgold Resources concludes that impairment of US$10.4 million that reduces pre-tax profit by 13% arises from credit rating downgrade of investments.

Property carried at cost revalued prior to reclassification

UK electricity provider Jersey Electricity recognises £0.44 million revaluation gain on owner-occupied property carried at cost but transferred to investment property.