Download - Foresight Group

4
Foresight 4 VCT plc
08
Unaudited Profit and Loss Account
for the six months ended 31 August 2008
Six months to 31 August 2008 Six months to 31 August 2007 Year to 29 February 2008
(unaudited) (unaudited) (audited)
Revenue Capital Total Revenue Capital Total Revenue Capital Total
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Investment income and deposit interest 409 — 409 243 — 243 559 — 559
Investment management fees* (27) (83) (110) (84) (252) (336) (169) (506) (675)
Other expenses (127) — (127) (135) — (135) (258) — (258)
Unrealised (loss)/gain on revaluation of investments — (1,968) (1,968) — 312 312 — 1,387 1,387
Operating profit/(loss) 255 (2,051) (1,796) 24 60 84 132 881 1,013
Gain on realisation of investments — 436 436 — 262 262 — 2,017 2,017
Profit/(loss) on ordinary activities before taxation 255 (1,615) (1,360) 24 322 346 132 2,898 3,030
Tax on ordinary activities — — — — — — — — —
Profit/(loss) on ordinary activities after taxation 255 (1,615) (1,360) 24 322 346 132 2,898 3,030
Balance transferred to/(from) reserves 255 (1,615) (1,360) 24 322 346 132 2,898 3,030
Earnings/(loss) per share 1.1p (6.9)p (5.8)p 0.1p 1.5p 1.6p 0.6p 13.1p 13.7p
All items in the profit and loss account derive from continuing operations. There were no recognised gains or losses for the period other than those recognised in the unaudited profit and loss account
above and accordingly no statement of total recognised gains and losses has been prepared.
Earnings for the period should not be taken as a guide to the results for the full year.
* VAT recovered and recoverable from HM Revenue & Customs following the decision to treat investment management fees for VCTs as exempt has been included under investment management fees
above. The split of recovered and recoverable VAT is £57,160 revenue and £171,480 capital.