Supplemental cash flow information and restricted cash

12 Months Ended

Dec. 31, 2012

Supplemental Cash Flow Elements [Abstract]

Supplemental cash flow information and restricted cash

Supplemental cash flow information and restricted cash

(a)    Interest and income taxes

	2012	2011	2010
Year ended December 31,	$’000	$’000	$’000
Cash paid for:
Interest	29,756	37,233	33,586
Income taxes	28,967	16,413	14,420

(b)    Non-cash investing and financing activities

In conjunction with the acquisition of the Sicilian hotels in 2010 (see Note 4), liabilities were assumed as follows:

	2010
Year ended December 31,	$’000
Fair value of assets acquired	115,165
Cash paid	(46,285	)
Liabilities assumed	68,880

The purchase price, net of contingent consideration, of Grand Hotel Timeo and Villa Sant’Andrea acquired in January 2010 included vendor financing of €5,000,000 ($7,064,000) at the date of acquisition.

OEH entered into a non-cash transaction to purchase land adjacent to its hotel at La Samanna in St. Martin from a third party during the year ended December 31, 2010.  See Note 4.

(c)    Restricted cash

	2012	2011
December 31,	$’000	$’000
Cash deposits required to be held with banks to support OEH’s payment of interest and principal	16,213	9,606
Escrow deposits from purchasers of units at Porto Cupecoy which will be released to OEH as sales close	4,079	2,890
Prepaid customer deposits which will be released to OEH under its revenue recognition policy	788	718
	21,080	13,214