Interim Results-Replacement
October 03 2001 - 9:43AM
UK Regulatory
RNS Number:0737L
Oxford Technology Vent Cap Tst PLC
3 October 2001
The issuer advises that the following replaces the interim results
announcement released today at 12:42 under RNS Number 0713L. The column
headings have been amended and are not as previously stated. All other details
remain unchanged. The fully amended text appears below.
Oxford Technology Venture Capital Trust plc
Interim Statement
For the period
1 March 2001 to 31 August 2001
Statement on behalf of the Board
There has been good progress in some investments, particularly in Scancell and
Valid Information Systems, although their valuations at 31 August 2001 do not
yet reflect this progress. However, the share price of Getmapping plc and the
value of the shareholdings in Equitalk and Synaptica have fallen. The net
assets per share at 31 August 2001 were #1.12 compared to #1.11 at 31 August
2000 and #1.19 at 28 February 2001. The Board remains pleased with the overall
development of the portfolio.
Details of the investments are given in the September 2001 newsletter.
On behalf of the Board.
John Jackson
Chairman
1 October 2001
Summarised Statement of Total Six Six Year
months months 1 Mar 00
Return for the period
1 Mar 01 1 Mar 00 to 28 Feb 01
to 31 Aug to 31 Aug
01 00
#'000 #'000 #'000
Gain/(losses) on investments (268) 203 623
Income 13 18 23
Expenses (57) (65) (137)
_____ _____ _____
Net return before taxation (312) 156 509
Tax on ordinary activities - - 4
_____ _____ _____
Return attributable to equity shareholders (312) 156 513
Dividends in respect of equity shares - - -
_____ _____ _____
Transfers to reserves (312) 156 513
===== ===== =====
Revenue earnings per share (0.91)p (0.97)p (2.27)p
Capital return per share (5.52)p 4.18p 12.84p
Total return per ordinary share (6.43)p 3.21p 10.57p
===== ===== =====
Summarised Balance Sheet 31 Aug 01 31 Aug 00 28 Feb 01
#'000 #'000 #'000
Unquoted investments 5,046 5,063 5,281
Quoted investments 308 - 259
Government stocks - - -
Other net current assets 87 333 213
_____ _____ _____
Net assets 5,441 5,396 5,753
===== ===== =====
Capital and Reserves
Called up share capital 485 485 485
Share premium: Share issues 4,368 4,368 4,368
Expenses on share issues (261) (261) (261)
_____ _____ _____
4,592 4,592 4,592
Capital reserve - unrealised 1,807 889 2,075
realised (775) (9) (775)
Revenue reserve (183) (76) (139)
_____ _____ _____
5,441 5,396 5,753
===== ===== =====
Net asset value per share 112p 111p 119p
===== ===== =====
Cash flow statement for the period Six Six Year
months months 1 Mar 00
1 Mar 01 1 Mar 00 to 28 Feb
to 31 Aug to 31 Aug 01
01 00
#'000 #'000 #'000
Net cash inflow/(outflow) from operating (91) (11) (96)
activities
Taxation recovered - - 4
Capital expenditure and financial investment
Purchase of investments (68) (648) (800)
Redemption of investments - 900 1,019
_____ _____ _____
Net cash outflow for capital expenditure and (68) 252 219
financial investment
Dividends paid - - -
_____ _____ _____
Net cash inflow/(outflow) before financing (159) 241 127
Financing
Issue of shares - - -
_____ _____ _____
Net cash inflow from financing - - -
===== ===== =====
Increase/(decrease) in cash (159) 241 127
===== ===== =====
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