26th Sep 2007 10:15
Oxford Technology 4 VCT PLC26 September 2007 Oxford Technology 4 Venture Capital Trust plc Interim Statement For the period 1 March 2007 to 31 August 2007 Statement on behalf of the Board Net assets per share at 31 August 2007 have risen to £1.11 which compares to 91pat 28 February 2007 and 93p at 31 August 2006. Details of all investees are given in the newsletter, which is available onwww.oxfordtechnology.com. Some companies have had problems and their value hasbeen reduced, but other companies have made good progress. In particular, GlidePharma has continued to make excellent progress and, in summer 2007, won theMedical Futures Award, the "Oscars" of its industry. On behalf of the BoardJohn JacksonChairman Unaudited financial information Summarised Statement of Total Return Six months to 31 Six months to 31 Year tofor the Period Aug 07 Aug 06 28 Feb 07 £000 £000 £000 Gain / (loss) on investments 2,137 (81) (301)Income 70 98 192Expenses (144) (220) (368) _____ _____ _____Net return before taxation 2,063 (203) (477)Tax on ordinary activities - - - _____ _____ _____Return attributable to equity 2,063 (203) (477)shareholdersDividends in respect of equity shares - - - _____ _____ _____Transfers to reserves 2,063 (203) (477) ===== ===== =====Revenue return per share (0.72)p (1.18)p (1.81)pCapital return per share 20.67p (0.79)p (3.09)p Total return per ordinary share 19.95p (1.97)p (4.90)p ===== ===== ===== Summarised Balance Sheet 31 Aug 07 31 Aug 06 28 Feb 07 £000 £000 £000Investments held at fair value 8,286 5,259 5,552Other net current assets 3,142 4,379 3,813 _____ _____ _____Net assets 11,428 9,368 9,365 ===== ===== =====Capital and ReservesCalled up share capital 1,034 1,032 1,034Share premium: Share issues 9,184 9,185 9,184 Expenses on share issues (123) (123) (123) _____ _____ _____ 10,095 10,094 10,095Capital reserve unrealised 1,433 (166) (386) realised 318 - -Revenue reserve (418) (290) (344) _____ _____ _____ Shareholders' funds 11,428 9,638 9,365 ===== ===== =====Net asset value per share 111p 93p 91p ===== ===== ===== Cash Flow Statement for the Period Six months to 31 Six months to 31 Year to Aug 07 Aug 06 28 Feb 07 £000 £000 £000 Net cash outflow from operatingactivities (78) (1) (69)Capital expenditure and financialinvestmentPurchase of investments (1,141) (1,591) (2,303)Disposal of investments 168 - - _____ _____ _____Net cash inflow/(outflow) from capital (973) (1,591) (2,303)expenditure and financial investmentFinancing Issue of shares - 3,196 3,196 Expenses paid in connection with - (42) (42) share issue _____ _____ _____ Net cash inflow from financing - 3,154 3,154 _____ _____ _____Increase/(decrease) in cash (1,051) 1,562 782 ===== ===== ===== Notes to the Unaudited Financial Information 1 The financial information for each of the interim periods ended 31 August 2007and 31 August 2006 is unaudited and does not constitute statutory accountswithin the meaning of the Companies Act 1985. It has been prepared usingaccounting policies consistent with those set out in the companys statutoryaccounts for the year ended 28 February 2007. The financial information for theyear ended 28 February 2007 has been extracted from the companys statutoryaccounts for that period which contained an unqualified audit report and whichhave been filed with the Registrar of Companies. 2 The calculation of earnings per share for the period is based on the returnattributable to shareholders divided by the weighted average number of shares inissue during the period. 3 Listed investments are stated at market value based upon middle market pricesat the accounting period end. The unrealised depreciation or appreciation onthe valuation of investments and the gains and losses arising on the disposal ofinvestments are dealt with in the capital reserve. 4 Copies of the Interim Statement are being sent to shareholders and furthercopies can be obtained from the Companys Registered Office. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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