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4<br />
<strong>Foresight</strong> 4 VCT plc<br />
12<br />
Notes to the Unaudited Financial Statements<br />
7 <strong>Foresight</strong> <strong>Group</strong>, as Investment Manager of the Company, is considered to be a related party by virtue of its management<br />
contract with the Company. During the period, services of a total value of £338,000 (31 August 2007: £336,000, 29 February<br />
2008: £675,000) were purchased by the Company from <strong>Foresight</strong> <strong>Group</strong>. At 31 August 2008, the amount due to <strong>Foresight</strong><br />
<strong>Group</strong> disclosed under creditors was £nil.<br />
<strong>Foresight</strong> Fund Managers Limited, as Secretary of the Company and as a subsidiary of <strong>Foresight</strong> <strong>Group</strong>, is also considered to<br />
be a related party of the Company. During the period, services of a total value of £32,024 (31 August 2007: £31,427,<br />
29 February 2008: £63,550) were purchased by the Company from <strong>Foresight</strong> Fund Managers Limited. At 31 August 2008, the<br />
amount due to <strong>Foresight</strong> Fund Managers Limited disclosed under creditors was £4,773.<br />
No Director has, or during the period had, a contract of service with the Company. Bernard Fairman is Managing Partner of<br />
<strong>Foresight</strong> <strong>Group</strong>, the Company's investment manager. Subject to these exceptions, no Director was party to, or had an<br />
interest in, any contract or arrangement with the Company at any time during the period under review or as at the date of<br />
this report.<br />
8 Investments<br />
Quoted Unquoted Total<br />
£’000 £’000 £’000<br />
Book cost as at 1 March 2008 1,600 21,302 22,902<br />
Unrealised depreciation (185) (3,881) (4,066)<br />
Valuation at 1 March 2008 1,415 17,421 18,836<br />
Movements in the period:<br />
Purchases at cost — 1,812 1,812<br />
Disposal proceeds — (2,103) (2,103)<br />
realised gains — 501 501<br />
Unrealised depreciation (159) (1,809) (1,968)<br />
Valuation at 31 August 2008 1,256 15,822 17,078<br />
Book cost as at 31 August 2008 1,600 21,512 23,112<br />
Unrealised depreciation (344) (5,690) (6,034)<br />
Valuation at 31 August 2008 1,256 15,822 17,078<br />
In addition, deferred consideration of £65,502 was written off during the period.<br />
9 Capital and reserves<br />
Called-up Share Capital Profit<br />
share premium redemption and loss<br />
capital account reserve account Total<br />
£’000 £’000 £’000 £’000 £’000<br />
As at 1 March 2008 228 10,177 1,826 12,830 25,061<br />
Share issues in the period 8 903 — — 911<br />
Expenses on share issues — (50) — — (50)<br />
Shares repurchased in the period (1) — 1 (73) (73)<br />
Retained profit for the period — — — (1,360) (1,360)<br />
As at 31 August 2008 235 11,030 1,827 11,397 24,489