47HA Investec 5%pf

RNS Number:0049H
Investec Investment Trust PLC
31 July 2006



INVESTEC INVESTMENT TRUST PLC 

PRELIMINARY ANNOUNCEMENT

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2006

                                                                       Restated
                                                            2006           2005
                                                            #000           #000


Administrative expenses                                      (5)           (10)

Interest payable                                            (63)           (63)
                                                         -------        -------
Loss on ordinary activities before taxation                 (68)           (73)

Tax on loss on ordinary activities                            -              -
                                                         -------        -------
Loss on ordinary activities rafter taxation                 (68)           (73)

                                                         -------        ------- 
Retained loss for the financial year                        (68)           (73)
                                                         =======        =======


Net assets                                                27,559         27,627
                                                         =======        =======


Notes

1. Cash Flow Statement

   The Company is exempt from the requirements to prepare a cash flow statement
   under Financial Reporting Standard 1, because a consolidated cash flow 
   statement is included in the publicly available consolidated financial 
   statements of its ultimate holding company, Invested plc.

2. The financial statements have been prepared under the historical cost 
   convention and in accordance with applicable accounting standards.
   The company has adopted FRS 21 "Events after the balance sheet date", with 
   the effect that equity dividend receivable or payable after the
   balance sheet date have not been recognised as an asset or liability. 
   This change has had no impact on the financial statements. The company
   also adopted FRS 25 "Financial Instruments: Presentation and Disclosure" 
   and FRS 26 "Financial Instruments: Measurement".

3. Investec Group Investments (UK) Limited, a wholly-owned subsidiary of 
   Investec Bank (UK) Limited, owns all of the ordinary shares
   of the company, #266,586 of the nominal 3.5 per cent cumulative preference 
   stock and #96,612 of the nominal 5 per cent preference stock, in issue. 
   The issued #1,300,000 nominal 3.5 per cent and #345,438 nominal 5 per cent 
   cumulative preference stocks are listed on the London stock Exchange.

4. Surplus liquidity arising from time to time has been lent by the company 
   during the period on an interest free basis to its immediate parent
   company, Investec Group Investment (UK) Limited. The loan is repayable on 
   demand and the company has the right, at any time and at its sole discretion, 
   to charge interest thereon at a commercial rate.

5. The tax charge is based on the effective tax rate for the full year.

6. No dividend is proposed in respect of the ordinary shares (2005:#Nil).

7. The above financial information is an abridged version of the company's 
   full accounts which have not yet been filed with the Registrar of Companies.

8. The Report and Financial Statements will be posted to holders of preference 
   stocks of the company and copies are available, upon request, at the 
   Registered Office of the company.


   Registered Office                             Dated 31 July 
   2 Gresham Street London EC2V 7QP


  Registered In England No. 328206


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

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