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