HUMM GROUP LIMITED — Investor Presentation 2011

Aug 7, 2011

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FY11 Investor Presentation

8th August 2011

John DeLano Chief Executive Officer and Managing Director

Garry McLennan Chief Financial Officer

Not for distribution or release in the United States or to U.S. persons

Disclaimer

Im ortant Notice p

No recommendation, offer, invitation or advice

This presentation is not a financial product or investment advice or recommendation, offer or invitation by any person or to any person to sell or purchase securities in FlexiGroup Limited (“ FlexiGroup ”) in any jurisdiction. This presentation contains general information only and does not take into account the investment objectives, financial situation and particular needs of individual investors. Investors should make their own independent assessment of the information in this presentation and obtain their own independent advice from a qualified financial adviser having regard to their objectives, financial situation and needs before taking any action. This presentation should be read in conjunction with FlexiGroup’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange.

Exclusion of representations or warranties

No representation or warranty, express or implied, is made as to the accuracy, completeness, reliability or adequacy of any statements, estimates, opinions or other information, or the reasonableness of any assumption or other statement, contained in this presentation. Nor is any representation or warranty, express or implied, given as to the accuracy, completeness, likelihood of achievement or reasonableness of any forecasts, prospective statements or returns contained in this presentation. Such forecasts, prospective statements or returns are by their nature subject to significant uncertainties and contingencies many of which are outside the control of FlexiGroup. Any such forecast, prospective statement or return has been based on current expectations about future events and is subject to risks, uncertainties and assumptions that could cause actual results to differ materially from the expectations described. To the maximum extent permitted by law, FlexiGroup and its related bodies corporate, directors, officers, employees, advisers and agents disclaim all liability and responsibility (including without limitation any liability arising from fault or negligence) for any direct or indirect loss or damage which may arise or be suffered through use or reliance on anything contained in, or omitted from, this presentation.

Jurisdiction

The distribution of this presentation including in jurisdictions outside Australia, may be restricted by law. Any person who receives this presentation must seek advice on and observe any such restrictions.

Nothing in this presentation constitutes an offer or invitation to issue or sell, or a recommendation to subscribe for or acquire securities in any jurisdiction where it is unlawful to do so. The securities of FlexiGroup have not been, and will not, be registered under the US Securities Act of 1933 (as amended) (“ Securities Act ”), or the securities laws of any state of the United States. Neither this presentation nor any copy hereof may be transmitted in the United States or distributed, directly or indirectly, in the United States or to any US person including (1) any US resident, (2) any partnership or corporation or other entity organised or incorporated under the laws of the United States or any state thereof, (3) any trust of which any trustee is a US person, or (4) any agency or branch of a foreign entity located in the United States. No securities may be offered, sold or otherwise transferred except in compliance with the registration requirements of the Securities Act and any other applicable securities laws or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws.

Investment Risk

An investment in FlexiGroup securities is subject to investment and other known and unknown risks, some of which are beyond the control of FlexiGroup. FlexiGroup does not guarantee any particular rate of return or the performance of FlexiGroup securities.

2

Agenda

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Highlights and overview – Chief Executive Officer Results analysis – Chief Financial Officer Strategy and Outlook – Chief Executive Officer

3

Highlights and Overview John DeLano Chief Executive Officer

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Group Highlights

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Fully Franked Final Dividend of 5.5 cents. Annual dividend increases 40%.

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FY11 Cash NPAT + 27% to $52.9m

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• Diversification strategy delivers. 37% of Cash NPAT produced by businesses organically grown or acquired over 2+ years

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All four businesses with strong volume growth totalling +27% despite a soft retail environment

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Interest Free a standout out result with 2H11 volumes +38% and FY11 Cash NPAT 80% up on FY10

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Culture of Excellence recognised with awards:

• Australia’s and New Zealand Best Employers – Aon Hewitt

• Australia’s Best Contract Centre – ATA Award

• International IT Award – ICMG Architecture Award for Excellence

5

Financial Performance

Diversification strategy from 1 to 4 businesses drives strong results

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FY11 Profit: Cash NPAT[1] up 27% to $52.9m exceeding original guidance of $47m. Profit CAGR: FY09 – FY11 Cash NPAT CAGR is 26%

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Volume: 27% growth – Interest Free, Mobile Broadband, Vendor Finance: >20% growth. Balance Sheet: Strong return on equity at 24%

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Fully franked final dividend: 5.5 cents per share to be paid October 13[th] 2011.

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$m FY09 FY10 FY11 FY10/11
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Cash NPAT1	33.5	41.6	52.9		27%
Volume2	418	549	695		27%
Net Operating Cash Flow3	31	53	73		37%

Notes:

1. Cash NPAT excludes intangible amortisation of $1.1m.

2. Volume is all volumes for leases, loans, vendor finance, Certegy and gross revenue for Blink mobile broadband.

3. Excludes loss reserve release $14.4m and Includes IPO tax refund

6

Volume Performance

NPAT growth exceeds receivables growth in 5 of the last 6 years

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Strong volume performance across all businesses.

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Interest free (Oct 2008 acquisition), mobile broadband (Feb 2009 organic start-up) and vendor finance (Dec 2009 organic start-up) contribute 66% of new volumes.

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New business comprise 47% of receivables and 37% of Cash NPAT

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Volume $m FY10 FY11 FY10/11
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Interest Free	290	375	30%
Small Ticket	226	238	6%
Vendor Finance	19	61	221%
Mobile Broadband1	14	21	50%
Total Volume	549	695	27%
Closing Net Receivables	593	707	19%
Cash NPAT2	41.6	52.9	27%

Notes:

1. MBB is gross access and excess revenue.

2. Excludes intangibles amortisation of $1.1m in FY11.

7

Strategy Results

Two organic start-ups and one acquisition’s volumes grow 41%

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ACQUISITION ORIGINAL BUSINESS ORGANIC STARTUP

ORGANIC STARTUP

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Retail Point of Sale Interest Free

OEM & Vendor Lease to commercial accounts

Retail Point of Sale Mobile Broadband - IT

Retail Point of Sale Lease - IT & electrical

Launched in retailers, Feb Recruited an experienced 2009 industry team in Nov 09 Casual and contract mobile OEM / Vendor leasing to broadband offered through IT business retailers Increase sales volumes for Increases margins for the OEMs / Vendors retailers Affordable, tax deductible Customers enjoy easy inmeans for customers to store activation, protect & acquire assets loaner features

• Trading since 1989, acquired Oct Trading since 1988, IPO Dec 2008 2006 Interest free & cheque guarantee Lease products offered in IT & products offered in diverse electrical channels industries Preserves margin for the OEM/

• Increases sales volumes for Vendor retailers Customers appreciate

• No interest (ever) payable by the loaner, protect & affordable customer monthly payments

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• Lease products offered in IT & electrical channels

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Key Metrics

$375m assets financed

+30% growth

$238m assets financed

+6% growth

74,000 active subscribers +37% growth

$61m assets financed

+221% growth

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Interest Free Acquisition in Third Year

. 26% of Group’s FY11 Profit[1] . FY12 forecast $19m, up from <$5m pre-acquisition

Performance

Certegy FY11 cash NPAT[1] $13.7m compared to $7.6m FY10.

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FY11 volumes +30%. Strong performance from home, fitness and solar sectors. 2H11 Volume +38%.

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Continued improvement in NPAT/ANR margin; FY09: 0.3%, FY10: 5%, FY11: 6%

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Toys-R-Us signed as major Lay-by retailer – Lay-by more than 10% of transaction volume in June 2011.

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Growth Outlook

New Lay-by product forecast to contribute $1m NPAT and 10% of transaction volume

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No interest ever payment processing primarily in retail homeowner sector

Interest Free $m	FY11	FY10/11
Volume	375	30%
Closing Net Receivables	272	43%
Cash NPAT1	14	80%

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Ezi-pay Express product tracking to market guidance and building to $4m - $6m by FY13

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FY12 forecast NPAT/ANR margin of 7%

Notes:

1. Cash NPAT excludes intangible amortisation of $1.1m

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Flexirent Leasing

Outperforms market as non retail sector volume contribution increases from 15% to 29% in Q4

Performance

• FXL small ticket leasing growth +6% in challenging retail environment

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The Australian IT market declined and plasma sales declined due to falling prices and strong Australian dollar

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Contribution from non-retail segment e.g. trade equipment, servers/networking, refrigeration and telephony accelerates in 2H11

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Growth Outlook

• $0 upfront Blink / Flexi plan targets market opportunity. Market forecast 1 million units (half notebook/laptop volume)

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Small ticket leasing of IT, electronics, and other assets through retailers

Small Ticket Leasing $m	FY11	FY10/11
Volume	238	6%
Closing Net Receivables1	356	0%
Cash NPAT	33	0%

Notes:

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Continue to capitalise on non-retail opportunities

1. Closing net receivables excludes loans which were $16m as at 30-Jun-11 and $27m as at 30-Jun-10.

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Mobile Broadband Startup 2½ years old

Contributes 7% of Group NPAT

Performance

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FY11 NPAT $3.4m from -$0.7m in FY10.

Scale produces $4m profit improvement and market share exceeds 35% in key retail channels

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Sale of mobile broadband plans through retail POS partners

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Strong focus on internal cost reductions as volume builds

• Data Costs per customer decreased by 21% due to new commercial agreements

• Contact Centre call volume per customer reduced by 38% due to scale efficiencies and online self service portal

Mobile Broadband	FY11	FY10/11
Active Customers (000's)	74	37%
Access Revenue	$21m	50%
NPAT	$3.4m	High

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• Incremental revenue derived from online portal with automatic top up now delivering 10% of total revenue

Growth Outlook

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Only Service Provider with a $0 upfront Data Contract plan for tablets in retail stores

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• A unique offering to target the forecast 1m tablet market

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Flexirent Commercial Startup in Second Year

Contributes 9% of Group volumes

Performance

Volumes increase to $61m up from $19m in FY10 Driven by maturing vendor relationships and conversion of business development activity

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11 new vendor relationships originated with signed formal program agreements

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Strong contribution from print/copier, photo lab, telephony, office networking and software

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Growth Outlook

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Commercial Leasing through Original Equip. Manufacturers (OEM) and Vendors

Lease: OEM / Vendor $m	FY11	FY10/11
Volume	61	221%
Closing Net Receivables	63	232%
NPAT	2.6	100%

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Forecast continued strong volume and receivables growth with NPAT/ANR increasing to 5%

Notes:

1. NPAT to ANR is Cash NPAT divided by average net receivables

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Results analysis Garry McLennan Chief Financial Officer

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Cash NPAT increases by 27%

New products, diversification, and prudent approach to risk drives 23% NPAT CAGR since IPO

Performance

• FY11 Cash NPAT up 27% on FY10. Key achievements:

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• Volume and margin growth in new businesses produced $12.5m additional income to pcp

• Non-interest income increases to 57% from 55% of revenue as Certegy fees and BLiNK monthly payments grow

• Cost to income ratio reduces from 47% to 45% pcp

Outlook

• Certegy other income to increase as Ezi-Pay Express mix of interest free portfolio increases from 50% to 90%

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Impairment expected to improve with higher mix of homeowners and commercial customers

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NPAT Bridge
1.9 ( )4.0
0.9
2.9
52.9
9.6
41.6
27% Growth
$m
-
FY10 Cash Fee & Net Loss Tax & Opex FY11 Cash
NPAT Other Interest Impairment Other NPAT
Income Margin
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Impairment Result

Key impairment ratio reduces 60 bps despite 19% growth in receivables

Performance

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Net impairment losses declined to 60 bps to 3.8% of average net receivables.

• Business diversification reduces credit risk

• Portfolio mix of lower risk interest free and commercial receivables increases to 47% from 35% pcp

• Collections delivers improvement from optimised dialler, 2 way sms, and IVR

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Net Impairment Losses FY10 FY11
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	Leases	$10.9m	$10.8m
	Personal Loans	$4.5m	$3.4m
	Leases/Personal Loans	$15.4m	$14.2m
	Certegy	$9.0m	$9.0m
	Net Impairment Losses % of Avg Receivables	$24.4m 4.4%	$23.2m 3.8%

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• 90 day plus arrears declines to 0.7% from 0.8% pcp

90 Day Plus Delinquency %

Outlook

• Positive results continue to be driven by:

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• ERisc award winning credit assessment system

• 20 years experience in consumer and business credit embedded in credit scoring systems

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2.4%
2.0%
1.6%
1.2%
0.8%
0.4%
0.0%
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• Performance of FXL’s award winning Collections Team

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Cash Flow Performance

Investment in new rated facilities has started to reduce cost of funds

Performance

Operating cash flows +37% to $73m due to:

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• Tax credit related to IPO assets

• Cash from Operations

• Invested $22m net transitioning to highly rated lower cost securitisation funding facilities

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• $36m in subordinated notes; less

• $14.4m in cash loss reserve release

Cash loss reserves contain $35.3m in addition to the $56m period end cash

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Outlook

• Self funded receivables warehoused for future securitisation or through $247m in undrawn facilities

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• Rated structures expected to continue to reduce the cost of funds

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Cash Bridge
18.0 ( )8.8
( )36.0
14.4
54.8
(35.0)
(26.2)
74.8
56.0
$m
-
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Balance sheet well structured

Conservatively geared at 15% - SPV borrowings are non-recourse to FXL

Performance – Recourse Balance Sheet (excl. SPV’s)

• Recourse Debt/Equity at 15%[1] . Includes $15m Certegy vendor note[2]

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• Self funded receivables that can be funded through existing committed bank facilities to c.$45m

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• Remaining part of receivables include receivables funded by recourse borrowings and excess receivables held as security in funding facilities

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Outlook

No material bullet repayments due on borrowings

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Borrowings are predominantly fixed interest rate, therefore receivables portfolio is not impacted by rate movements

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Notes:

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Summarised Balance Sheet
FlexiGroup FlexiGroup
as at 30 June 2011 Excl. SPV's incl SPV's
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	Cash at Bank 56.0 56.0 Net Receivables 103.0 693.5 Investment in unrated notes in securitisation vehicles 36.0 Other Assets 55.5 55.5 Goodwill and Intangibles 97.4 97.4
	Total Assets 347.9 902.4
	Borrowings 20.6 610.4 Certegy Vendor Note 15.0 15.0 Cash Loss Reserves available to Funders - (35.3) Other Liabilities 79.1 79.1
	Total Liabilities 114.7 669.2
	Total Equity 233.2 233.2 Gearing 15% N/A

1. Gearing = Non-recourse borrowings as a percentage of FlexiGroup equity

2. FXL has a $15m vendor note owed to Fidelity Inc as part of the acquisition of Certegy.

Explanatory Notes:

1. FXL’s lease and interest free receivables are funded by non-recourse borrowings from Banks

2. Non-recourse borrowings equals FlexiGroup’s total borrowings of $610.4m less borrowings ($20.6m) which have recourse to FlexiGroup Limited i.e $589.8m in bank borrowings in SPV’s are non-recourse to FlexiGroup

3. These bank borrowings are secured against FXL’s lease and interest free receivables and cash security in Special Purpose Entities (SPV’s)

4. The cash security provided by FXL represents restricted cash at bank and are reflected as Loss Reserves on FXL’s balance sheet

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Funding

Strong support from banks and Institutions, funding diversified to 8 sources (from 2 in 2004)

Performance

New committed facilities and securitisations provide diversity in funding to support growth.

New facilities of $188m in approved in FY11

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• Two rated securitisations completed totalling $160m for Flexirent and Certegy receivables

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• Certegy securitisation is the first public issue of no interest ever receivables

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• Rated by Moodys and Fitch and all AAA to BBB notes fully sold with multiple institutional bidders

Outlook

• FXL has committed bank facilities in place to support growth

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Funding Facilities
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$247m
$232m
$578m $610m
Jun-10 Jun-11
Drawn Undrawn
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• Reviewing opportunities for other debt capital market issuances to further increase diversification of funding

18

Strategy and Outlook

John DeLano Chief Executive Officer

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Financial and Investor Scorecards

Since IPO, 4 years ago, volume and NPAT have more than doubled

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Financial Scorecards
Cash NPAT Volume
$695m
$52.9m
$310m
$23m
+124 %
FY07 FY11 FY07 FY11
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Market recognises FXL as a high growth company and enterprise value rises

	Investor	Scorecard1
Total Shareholder Return		8th - 2011 12th - 2010 1st - 2009
Dividend per share (DPS)		Top 10%, 2009-2011 CAGR 40%
Earnings per Share (EPS)		Top 20%, 2009-2011 CAGR 17%

Notes

1 ASX300 excluding Mining & Metals companies

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Culture of Excellence

Performance recognised with external awards

CUSTOMERS

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Australia’s Contact Centre Of the Year 2010

• Secured three of the seven categories in the ATA Awards

• ATA represents more than 3800 Australian contact centres

• Finalists included some of the country’s largest and best known companies: CBA, IAG, Amex, and Energex

TECHNOLOGY

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International iCMG Best IT Architecture Award 2010

• Joint winner of the Architecture Excellence Award in the category for Service-oriented Architecture (SoA )

• Over 100 nominations from 21 countries

• Competing in this category were IBM, SAP AG, Oracle and LG Electronics

FUNDERS

PEOPLE

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Consumer Asset Backed Securities Year 2011

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AON Hewitt Best Employers Of the Year 2011

• Certegy securitisation the first public issue of no interest ever receivables

• Specifically recognised for strong leadership and high performance culture

• Hewitt provides the most extensive engagement survey covering 200 organisations and 124,000 employees

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Culture of People Engagement

High performance – Best Employers achieve profit growth 4 x other organisations

GREEN LIGHT TO INVEST IN PEOPLE

• Owners embrace investment in talent

• New Management team and systems $10m – a 30% increase to opex

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• Diversification strategy is adopted

• Rewards align people and strategy

ENGAGEMENT FROM 31% COMMENDED FOR HIGH TO BEST EMPLOYER PERFORMANCE CULTURE

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High Performance Culture
Connected to Company and Strategy
Top Decile
Other Organisations Flexirent
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22

Organic Business Innovation

Produces 580 bps margin improvement and monetises high transaction volume

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FlexiGroup (Ex. Certegy) NPAT/ANR Bridge
0.7% 9.4%
0.9%
1.5%
0.9%
1.8%
3.6%
+580 bps
FY05 Repackage Renewal Loaner & Protect Choose your New verticals FY11
leasing products income payment (Blink/Vendor)
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• Repackage to include swap/double time

• Driven by innovative products: • Lost, damaged, stolen, Loaner protection

• Choose your payment date

Leverage infrastructure to:

• Target mobile broadband and commercial segments

• NPAT Increases FY05-FY11: $12m  $39m

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Acquisition Business Innovation

Produces 560 bps margin improvement and monetises high transaction volume

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Certegy NPAT/ANR Bridge
1.2% 5.9%
0.5%
2.5%
1.3%
+560 bps
0.3%
FY09 * Application income Payment processing Ezi-Pay Express Scale efficiencies FY11
Certegy acquisition Oct 2008 (credit line)
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Driven by innovative products:

• Ezi-pay Express continuing credit access

• Payment processing cost offset

Leverage Infrastructure to:

• Target Lay-by market opportunity

NPAT Increases FY09-FY11:

• <$5m  $13.7m

24

Growth Strategy

Leverage core capabilities in the new channels and develop innovative products

Innovation of Products, System, Channel		Steady State NPAT p.a.
Internet deferred payment processing		$3m - $5m
- Led by talent that built online payment provider from start-up to 8 million customers
Nexus - new application system using award winning Polaris platform
- parallel processing of bureau and credit decisioning reduces transaction / handling time		$1m - $2m
- multi currency, multi language, and highly configurable reduces development time
Lay-By payment service
- targets up to 20% of retail sales in partner stores		$2m - $5m
- removes administration burden for jewellers, fashion chains, discount retailers
- now accounts for more than 10% of interest free transactions

25

Growth Strategy

Continue to pursue accretive, high volume, retail point of sale acquisitions similar to Certegy

$31m Certegy acquisition payback in a little over 3 years:

• $16m upfront paid in October 2008

• $21m cumulative NPAT by June 2011

• $15m vendor note to be paid in October 2011

• Margin and volume growth forecast to produce $19m NPAT in FY12

Why has Certegy been a success?

FXL’s key strengths leveraged:

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• Monetising high volume, low ticket size businesses

• Managing relationships with Point Of Sale retailers

• Preserved the DNA of the Certegy people, their culture, their business model, and their unique approach to risk...

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• .…and reinvigorated Certegy with a focus on volume growth and increased profitability through product innovation

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NPAT
Pre-acquisition Post-acquisition
$19m
<$5m
+280%
Pre Acqn FY12 (F)
Certegy Volume
Pre-acquisition Post-acquisition
$375m
$247m
+52%
FY08 FY11
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26

Outlook for FY12

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FY12 Cash NPAT guidance of +12% to +15% on FY11

• Increased contribution from Interest Free due to growth and product innovation

• Higher Flexi Commercial receivables produce additional income

• Larger BLiNK customer base drives increased monthly payments

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• FY12 Volume growth resulting from:

• Layby Express delivers on opportunity

• Non-retail segment makes greater contribution to small ticket leasing

• Vendor Finance new partner programs contribute for entire year

• Continue to sign up new Interest Free retailers

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Significant market opportunity for deferred internet payment processing as retailers develop online channel

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Continued focus on value accretive acquisition opportunities

27

Appendices

28

Appendix 1 - Detailed Statutory Profit & Loss

A$ MILLION	FY10	FY11
Net Interest income	120.4	125.5
Interest expense	(51.2)	(52.1)
Net Interest Margin	**69.2 **	**73.4 **
Other Net Income	83.8	97.5
Operating Income	**153.0 **	**170.9 **
Payroll and related expenses	(44.9)	(50.2)
Depreciation & amortisation expenses	(4.3)	(5.1)
Other expenses	(21.9)	(21.5)
Total Expenses (before impairment)	(71.1)	(76.8)
Impairment losses	(25.1)	(22.3)
Loss provision	0.7	(0.9)
Net Profit Before Tax	**57.5 **	**70.9 **
Tax (expense) / benefit	(15.9)	(18.0)
Cash Net Profit After Tax	**41.6 **	**52.9 **
Tax credit due to re-setting of tax cost base	18.4	0.0
Amortisation of intangibles	(1.1)	(1.1)
Reported Net Profit After Tax	**58.9 **	**51.8 **

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Appendix 2 - Detailed Statutory Balance Sheet

A$ MILLION	Jun-10 Jun-11 Jun-10 Jun-11 74.8 56.0 74.8 56.0 592.7 707.4 69.7 152.9 (13.1) (13.9) (13.1) (13.9) 579.6 693.5 56.6 139.0 41.5 43.4 41.5 43.4 19.2 0.0 19.2 0.0 0.4 0.2 0.4 0.2 0.6 0.1 0.6 0.1 3.7 3.4 3.7 3.4 8.8 8.4 8.8 8.4 79.9 79.9 79.9 79.9 14.9 17.5 14.9 17.5 823.4 902.4 300.4 347.9 577.5 610.4 4.8 20.6 (49.7) (35.3) (0.0) (0.0) 527.8 575.1 4.8 20.6 15.0 15.0 15.0 15.0 41.0 29.7 41.1 29.7 0.0 11.3 0.0 11.3 3.8 4.3 3.8 4.3 0.0 0.2 0.0 0.2 30.2 33.6 30.2 33.6 617.8 669.2 94.8 114.7 205.6 233.2 205.6 233.2 75.0 76.6 75.0 76.6 (0.7) (0.3) (0.7) (0.3) 131.3 156.9 131.3 156.9 205.6 233.2 205.6 233.2 Excluding SPV's
Assets Cash at bank Loans and receivables Allowance for losses Other receivables Income tax receivable Rental Equipment Inventory Plant and equipment Deferred tax assets Goodwill Other Intangible Assets
Total Assets
Liabilities Borrowings Loss Reserve Net Borrowings Vendor note Payables Current tax liability Provisions Derivative financial instruments Deferred tax liabilities
Total Liabilities
Net Assets
Equity Contributed equity Reserves Retained Profits
Total Equity

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A endix 3 - Detailed Statutor Cash Flows pp y

A$ MILLION	FY10	FY11
Underlying Cash Flow from Operating Activities	67.6	54.3
Tax (paid)/received	(15.2)	18.0
(Increases) decreases in Loss Reserves	(0.4)	14.4
Decrease in Mobile Broadband Inventory	1.4	0.5
Net cash inflow provided from operating activities	**53.4 **	**87.2 **
Cash flows from investing activities
Capital expenditure	(6.4)	(8.8)
Net cash outflow from investing activities	(6.4)	(8.8)
Cash flows from financing activities
Dividends	(14.4)	(26.2)
Proceeds from equity rasing	38.9	0.0
Self fundingof loans,leases and leaseperiods	(49.1)	(71.0)
Net cash outflow from financing activities	(24.6)	(97.2)
Net impact of exchange rate movements	(0.2)	0.0
Net increase (decrease) in cash and cash equivalents	**22.2 **	(18.8)
Opening cash and cash equivalents	**52.6 **	**74.8 **
End of period cash and cash equivalents	**74.8 **	**56.0 **

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