TIDM47HA

RNS Number : 3619S

Investec Investment Trust PLC

29 November 2012

 
 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 
  2012 
 
                                           Six months     Six months   Year ended 
                                                ended          ended 
  ------------------------------------  -------------  -------------  ----------- 
                                         30 September   30 September     31 March 
                                                 2012           2011         2012 
  ------------------------------------  -------------  -------------  ----------- 
                                            Unaudited      Unaudited      Audited 
  ------------------------------------  -------------  -------------  ----------- 
                                             (note 2)       (note 2)     (note 2) 
  ------------------------------------  -------------  -------------  ----------- 
                                               GBP000         GBP000       GBP000 
  ------------------------------------  -------------  -------------  ----------- 
 
   Interest payable                              (31)           (31)         (63) 
  ------------------------------------  -------------  -------------  ----------- 
 
   Loss on ordinary activities 
    before taxation                              (31)           (31)         (63) 
  ------------------------------------  -------------  -------------  ----------- 
 
   Tax on loss on ordinary activities               -              -        (203) 
  ------------------------------------  -------------  -------------  ----------- 
 
   Loss on ordinary activities 
    after taxation                               (31)           (31)        (266) 
  ------------------------------------  -------------  -------------  ----------- 
 
   Retained loss for the financial 
    period                                       (31)           (31)        (266) 
  ------------------------------------  =============  =============  =========== 
 
 
 
 Net assets    26,052   26,115   26,083 
              =======  =======  =======

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 (2011: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 2011 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 2012 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 2012

This information is provided by RNS

The company news service from the London Stock Exchange

END

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