TIDM47HA

RNS Number : 9548W

Investec Investment Trust PLC

29 November 2010

 
 INVESTEC INVESTMENT TRUST PLC - THE COMPANY 
  (INCORPORATED IN ENGLAND AND WALES) 
  (REGISTRATION NUMBER: 328206) 
  INTERIM ANNOUNCEMENT 
  UNAUDITED PROFIT AND LOSS ACCOUNT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 
  2010 
 
                           Six         Six 
                        months      months       Year 
                         ended       ended      ended 
                            30          30 
                     September   September   31 March 
                          2010        2009       2010 
                     Unaudited   Unaudited    Audited 
                      (note 2)    (note 2)   (note 2) 
                        GBP000      GBP000     GBP000 
 
   Administrative 
    expenses                 -         (1)        (1) 
 
   Interest 
    payable               (31)        (31)       (63) 
                    ----------  ----------  --------- 
 
   Loss on 
    ordinary 
    activities 
    before 
    taxation              (31)        (32)       (64) 
 
   Tax on loss on 
    ordinary 
    activities               -           -       (61) 
                    ----------  ----------  --------- 
 
   Loss on 
    ordinary 
    activities 
    after 
    taxation              (31)        (32)      (125) 
                    ----------  ----------  --------- 
 
   Retained loss 
    for the 
    financial 
    period                (31)        (32)      (125) 
                    ==========  ==========  ========= 
 
 
 
 Net assets    26,381   26,505   26,412 
              =======  =======  =======

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, Investec plc.

2. The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards.

3. Investec Group Investments (UK) Limited, a wholly-owned of Investec Bank plc, owns all of the ordinary shares of the company, GBP266,586 of the of the nominal 3.5 per cent cumulative preference stock and GBP96 612 of the nominal 5 per cent preference stock in issue. The issued GBP1 300,000 nominal 3.5 per cent and GBP345,438 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 Investments (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 (2009:GBPNil).

7. The above financial information is an abridged version of the Company's un-audited condensed Financial Statements for the six months ended 30 September 2010 which have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.hemscott.com/nsm/do

8. The un-audited condensed Financial Statements for the six months ended 30 September 2010 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

2 Gresham Street London EC2V 7QP

Date: 29 November 2010

This information is provided by RNS

The company news service from the London Stock Exchange

END

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