Triple Point Income VCT PLC Final Results -15-
May 30 2014 - 6:03AM
UK Regulatory
The total column of this statement is the Statement of
Comprehensive Income of the Company prepared in accordance with
International Financial Reporting Standards (IFRS). The
supplementary revenue return and capital columns have been prepared
in accordance with the Association of Investment Companies
Statement of Recommended Practice (AIC SORP).
All revenue and capital items in the above statement derive from
continuing operations.
This Statement of Comprehensive Income includes all recognised
gains and losses.
The accompanying notes are an integral part of these
statements.
Balance Sheet
31 March 2014 31 March 2013
Note GBP'000 GBP'000
Non-current assets
Financial assets at fair
value through profit or
loss 10 19,337 33,153
--------------- ---------------
Current assets
Receivables 11 170 3,263
Cash and cash equivalents 12 7,426 8,540
7,596 11,803
--------------- ---------------
Total Assets 26,933 44,956
--------------- ---------------
Current liabilities
Payables and accrued expenses 13 158 183
Current taxation payable 100 73
258 256
--------------- ---------------
Net Assets 26,675 44,700
=============== ===============
Equity attributable to
equity holders of the
parent
Share capital 14 318 545
Share redemption reserve 449 21
Share premium 20,875 3,696
Special distributable
reserve 7,502 43,389
Capital reserve (2,919) (3,268)
Revenue reserve 450 317
Total equity 26,675 44,700
=============== ===============
The statements were approved by the Directors and authorised for
issue on 29 May 2014 and are signed on their behalf by:
David Frank
Chairman
29 May 2014
Company registration number 6421083.
The accompanying notes are an integral part of this
statement.
Statement of Changes in Shareholders' Equity
Special
Issued Share Redemption Share Distributable Capital Revenue
Capital Reserve Premium Reserve Reserve Reserve Total
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
Year ended 31
March
2014
Opening balance 545 21 3,696 43,389 (3,268) 317 44,700
---------- ------------------ ---------- ---------------- ---------- ---------- ----------
Issue of new
shares 191 - 17,179 - - - 17,370
Purchase of own
shares (428) 428 - (35,125) - - (35,125)
Conversion of B
shares 10 - - (10) - - -
Dividends paid - - - (752) - (317) (1,069)
Transactions with
owners (227) 428 17,179 (35,887) - (317) (18,824)
---------- ------------------ ---------- ---------------- ---------- ---------- ----------
Profit for the
year - - - - 349 450 799
Total
comprehensive
income for the
year - - - - 349 450 799
---------- ------------------ ---------- ---------------- ---------- ---------- ----------
Balance at 31
March
2014 318 449 20,875 7,502 (2,919) 450 26,675
========== ================== ========== ================ ========== ========== ==========
Capital reserve
consists
of:
Investment holding
gains 366
Other realised losses (3,285)
(2,919)
==========
Year ended 31
March
2013
Opening balance 231 - - 21,777 (3,448) 245 18,805
---------- ------------------ ---------- ---------------- ---------- ---------- ----------
Issue of new
shares 335 - 27,010 - - - 27,345
Purchase of own
shares (21) 21 - (1,702) - - (1,702)
Cancellation of
share
premium - - (23,314) 23,314 - - -
Dividend paid - - - - - (312) (312)
Transactions with
owners 314 21 3,696 21,612 - (312) 25,331
Profit for the
year - - - 180 384 564
Total
comprehensive
income for the
year - - - 180 384 564
---------- ------------------ ---------- ---------------- ---------- ---------- ----------
Balance at 31
March
2013 545 21 3,696 43,389 (3,268) 317 44,700
========== ================== ========== ================ ========== ========== ==========
Capital reserve
consists
of:
Investment holding
losses (132)
Other realised
losses (3,136)
(3,268)
==========
The capital reserve represents the proportion of Investment
Management fees charged against capital and realised/unrealised
gains or losses on the disposal/revaluation of investments. The
special distributable reserve was created on court cancellation of
the share premium account. The revenue, capital and special
distributable reserve are distributable by way of dividend.
Statement of Cash Flows
Year ended Year ended
31 March
31 March 2014 2013
GBP'000 GBP'000
Cash flows from operating activities
Profit before taxation 898 636
(Gain) arising on the disposal
of investments in the year (111) (403)
(Gain)/loss arising on the revaluation
of investments at the year end (311) 132
Cashflow generated by operations 476 365
Decrease/(increase) in receivables 37 (44)
(Decrease) in payables (25) (157)
Taxation (paid) (72) (28)
Net cash flows from operating activities 416 136
--------------- ------------
Cash flow from investing activities
Purchase of financial assets at
fair value through profit or loss (2,508) (3,727)
Proceeds of sale of financial assets
at fair value through profit or
loss 16,746 10,567
Decrease/(Increase) in amounts
receivable on the disposal of investments 3,056 (3,056)
Net cash flows from investing activities 17,294 3,784
--------------- ------------
Cash flows from financing activities
Issue of new shares 17,377 4,825
Purchase of own shares (35,132) (1,702)
Cash acquired on merger - 1,635
Dividend paid (1,069) (312)
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