Final Results
December 18 2003 - 9:44AM
UK Regulatory
RNS Number:4359T
Schroder Split ZDP PLC
18 December 2003
18 December 2003
PRESS RELEASE
SCHRODER SPLIT ZDP PLC
PRELIMINARY RESULTS FOR THE YEAR ENDED 31 OCTOBER 2003
The Directors of Schroder Split ZDP plc announce the unaudited preliminary results for the year ended 31 October
2003.
Highlights 31 October 2003 31 October 2002 % change
Pence Pence
Net asset value per
Zero Dividend Preference Share 113.96p 105.76p +7.8
Share price per
Zero Dividend Preference Share 119.00p 105.25p +13.1
Total return to shareholders Results for the year to 31 October Results for the nine month
2003 period to 31 October 2002
#'000 #'000*
Zero Dividend Preference Shares 2,252 1,583 NA
* The Company commenced operations following listing on the London Stock Exchange on 31 January 2002. The comparative
results in this report are for the period from 7 December 2001 to 31 October 2002.
Unaudited Statement of Total Return
(incorporating the revenue account)
Results for the year to 31 October 2003 Results for the nine month period ended 31 October 2002
#'000 #'000
Revenue Capital Total Revenue Capital Total
#'000 #'000 #'000 #'000 #'000 #'000
Accrued redemption premium - 2,252 2,252 - 1,583 1,583
receivable from parent company
Gross revenue and capital gains - 2,252 2,252 - 1,583 1,583
Return / (deficit) on ordinary - 2,252 2,252 - 1,583 1,583
activities before and after
taxation
Appropriations in respect of non
equity shares
Zero Dividend Preference Shares - (2,252) (2,252) - (1,583) (1,583)
Transfer to reserves - - - - - -
Return per share - - - - - -
Zero Dividend Preference Shares - 8.20p 8.20p - 5.76p 5.76p
At 31 October 2003 At 31 October 2002
Unaudited Summary Balance Sheet #'000 #'000
Debtors: Due after one year
Amounts receivable from parent company in respect of accrued redemption 31,302 29,050
entitlement on zero dividend preference shares
Other amount receivable from parent company 50 50
31,352 29,100
Net Assets 31,352 29,100
Share capital and reserves 31,352 29,100
Net asset value per Zero Dividend Preference Share 113.96p 105.76p
Notes
1.The Company is a wholly owned subsidiary of Schroder Split Investment Fund plc, a company incorporated in England &
Wales and operating in the United Kingdom.
2.The above financial information is unaudited and does not amount to statutory accounts under Section 240 of the
Companies Act 1985 (as amended) for the year ended 31 October 2003 or the period ended 31 October 2002. The statutory
accounts for the period from 7 December 2001 to 31 October 2002 have been delivered to the Registrar of Companies
following the Company's annual general meeting. The auditors reported on those accounts; their report was unqualified
and did not contain a statement under s237(2) or (3) Companies Act 1985. The statutory accounts for the year ended 31
October 2003 will be finalised on the basis of the financial information presented by the directors in this
preliminary announcement and will be delivered to the Registrar of Companies following the company's annual general
meeting.
3.The Company has taken advantage of the exemptions permitted by FRS1 not to prepare a cash flow statement as it is a
wholly owned subsidiary of Schroder Split Investment Fund plc.
The Report and Accounts will be mailed to shareholders at their registered addresses in January 2004 and from the
date of release copies will be available to the public at the Company's registered office: 31 Gresham Street, London,
EC2V 7QA.
Enquiries: Schroder Investment Management Limited
Neil Olofsson (020 7658 3496)
18 December 2003
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR UWOSROWRUAAA