Octopus VCT Octopus VCT PLC : Half-yearly report -3-
12 October 2012 - 3:26AM
UK Regulatory
activities after tax | 570| (251) 735
| |
Dividends paid | (522)| (522) (522)
| |
Shares bought back for | |
cancellation | -| - (59)
=----------------------------+----------------+---------------------------------
Shareholders' funds at end of| |
period | 49,967| 48,992 49,919
+----------------+
Balance Sheet
+------------------+
| As at 31 August| As at 31 August As at 29 February
| 2012| 2011 2012
| |
| GBP'000 GBP'000| GBP'000 GBP'000 GBP'000 GBP'000
=--------------------+------------------+---------------------------------------
| |
| |
Fixed asset | |
investments | 47,002| 27,575 32,705
| |
Current assets: | |
| |
Investments - money | |
market funds* | 1,601 |14,642 10,580
| |
Debtors | 731 | 657 508
| |
Cash at bank | 740 | 6,118 6,236
=--------------------+------------------+---------------------------------------
| 3,072 |21,417 17,324
| |
Creditors: amounts | |
falling due within | |
one year | (107) | - (110)
=--------------------+------------------+---------------------------------------
Net current assets | 2,965| 21,417 17,214
=--------------------+------------------+---------------------------------------
| |
=--------------------+------------------+---------------------------------------
Net assets | 49,967| 48,992 49,919
=--------------------+------------------+---------------------------------------
| |
| |
Called up equity | |
share capital | 521 | 522 521
| |
Special distributable| |
reserve |48,589 |48,305 48,589
| |
Capital redemption | |
reserve | 1 | - 1
| |
Capital reserve | |
holding gains and | |
losses | 315 | 231 205
| |
Capital reserve gains| |
on disposal | 243 | - 603
| |
Revenue reserve | 298 | (66) -
=--------------------+------------------+---------------------------------------
Total equity | |
shareholders' funds | 49,967| 48,992 49,919
=--------------------+------------------+---------------------------------------
Net asset value per | |
share | 95.8p| 93.8p 95.7p
+------------------+
*Held at fair value through profit and loss
The statements were approved by the Directors and authorised for issue on 11
October 2012 and are signed on their behalf by:
James Otter
Chairman
Company Number: 06948448
Cash Flow Statement
+----------------+
|Six months ended|Six months ended Year to
| 31 August 2012| 31 August 2011 29 February 2012
| |
| GBP'000| GBP'000 GBP'000
=----------------------------+----------------+---------------------------------
| |
| |
Net cash inflow/(outflow) | |
from operating activities | 234| (1,025) (339)
| |
| |
| |
Taxation | -| - (18)
| |
| |
| |
Financial investment: | |
| |
Purchase of fixed asset | |
investments | (16,140)| (19,622) (30,465)
| |
Sale of fixed asset | |
investments | 1,942| 656 6,946
| |
| |
| |
Management of liquid | |
resources: | |
| |
Purchase of current asset | |
investments | (1,000)| (12,430) (16,319)
| |
Sale of current asset | |
investments | 9,990| 32,826 40,777
| |
| |
| |
Dividends paid | (522)| (522) (522)
| |
| |
| |
Financing: | |
| |
Issue of own shares | -| - -
| |
Share issue expense | -| - -
| |
Purchase of own shares | -| - (59)
=----------------------------+----------------+---------------------------------
(Decrease)/increase in cash | |
at bank | (5,496)| (117) 1
+----------------+
Reconciliation of net cash flow to movement in net funds
+----------------+
|Six months ended|Six months ended Year to
| 31 August 2012| 31 August 2011 29 February 2012
| |
| GBP'000| GBP'000 GBP'000
=----------------------------+----------------+---------------------------------
(Decrease)/increase in cash | |
at bank | (5,496)| (117) 1
| |
Decrease in cash equivalents| (8,979)| (20,396) (24,458)
| |
Opening net cash resources | 16,816| 41,273 41,273
=----------------------------+----------------+---------------------------------
Net cash resources at end of | |
period | 2,341| 20,760 16,816
+----------------+
Reconciliation of profit before taxation to cash flow from operating activities
+----------------+
|Six months ended|Six months ended Year to
| 31 August 2012| 31 August 2011 29 February 2012
| |
| GBP'000| GBP'000 GBP'000
=----------------------------+----------------+---------------------------------
Profit/(loss) on ordinary | |
activities before tax | 570| (251) 753
| |
Increase in debtors | (223)| (645) (496)
| |
Decrease in creditors | (3)| (135) (25)
| |
Gain on disposal of fixed | |
asset investments | -| - (603)
| |
Holding (gain)/loss on fixed | |
asset investments | (110)| 6 32
=----------------------------+----------------+---------------------------------
Net cash inflow/(outflow) | |
from operating activities | 234| (1,025) (339)
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