Final Results
2007年5月15日 - 12:05AM
ＲＮＳを含む英国規制内ニュース （英語）
Keydata Income VCT 1
KEYDATA INCOME VCT 1 plc
Preliminary Announcement of Final Results for the year ending 28 February 2007
Financial Highlights
2007 2006
Capital Values:
Net assets (�000) 6,997 4,303
Net asset value per share 95.76p 95.33p
Share price (bid) 80p 90p
Discount 16.5% 5.6%
Earnings per share: 1.09p 0.41p
Total expense ratio 2.08% 2.12%
Dividends (per share)
Interim paid - 0.33p
Final proposed 1.0p -
Chairman's Statement
Funding
The 2005/6 share offer for subscription closed on 5 April 2006 with gross funds
raised of around �2.8 million from 419 investors. The costs of the launch were
set at 5% of the gross funds raised and the net proceeds retained by the company
were �2.65 million, with an initial asset value per share of 95p. Including the
�4.29 million of net funds raised in 2004/5, the Company has raised a total of
�6.94 million to invest.
Results
Earnings per share for the year were 1.09p (based on the weighted average number
of shares in issue during the year). The net asset value per share at 28
February 2007 was 95.76p, a 0.8% increase on the initial NAV.
Investment Update
In February 2006, we entered into a conditional agreement to invest an aggregate
of �4 million in ten newly formed windfarm investment companies. Following the
due diligence and tax clearance process, the company was unable to agree
satisfactory terms with the operator.
We are at an advanced stage in negotiations on a number of investments in
renewable energy companies with a combined capacity to produce 4.5 MW of
electricity fuelled by gasifying recycled wood.
Subject to completion of legals and tax clearance from HMRC that the proposed
investments would be qualifying investments under the VCT rules, we expect to
make a further announcement shortly.
Dividend
A final dividend of 1 pence per share is proposed in respect of the year ended
28 February 2007. Subject to shareholder approval at the AGM, the dividend will
be paid on 28 June 2007 to shareholders on the share register on 1 June 2007.
Shareholder Communication
The Company's daily share price can be found on various financial websites under
the EPIC code "KIV" or on our own dedicated website at
www.keydataincomevct.co.uk
Stephen Oxenbridge
Chairman
11 May 2007
Consolidated Income Statement for the year ended 28 February 2007 (unaudited)
Revenue Capital Total
�000 �000 �000
Income 240 240
-------- ---------- --------
240 - 240
Management fees - - -
Other expenses (145) (145)
-------- ---------- --------
(145) - (145)
-------- -------- --------
Profit before taxation 95 - 95
Taxation (18) - (18)
-------- -------- --------
Profit after taxation 77 77
-------- ---------- --------
Earnings per share (Note 2) 1.09p - 1.09p
- basic and fully diluted
Consolidated Income Statement for the period ended 28 February 2006 (audited)
Revenue Capital Total
�000 �000 �000
Income 109 109
-------- ---------- --------
109 - 109
Management fees - - -
Other expenses (91) (91)
-------- ---------- --------
(91) - (91)
-------- -------- --------
Profit before taxation 18 - 18
Taxation (3) - (3)
-------- -------- --------
Profit after taxation 15 15
-------- ---------- --------
Earnings per share (Note 2) 0.41p - 0.41p
- basic and fully diluted
The total column of these statements are the income statements of the Group. All
revenue and capital items in the above statements derive from continuing
operations.
Balance sheet as at 28 February 2007 (unaudited)
Group and Company
2007 2006
�000 �000
Fixed assets
Investments ---------- ----------
Current assets
Other receivables 68 25
Cash and cash equivalents 6,992 4,301
------- --------
7,060 4,326
Current liabilities (63) (23)
------- -------
Net assets 6,997 4,303
------- -------
Equity attributable to equity holders
Called up share capital 73 45
Share premium 6,847 4,243
Capital reserve - realised - -
Capital reserve - unrealised - -
Revenue reserve 77 15
-------- --------
Total equity 6,997 4,303
-------- -------
Net asset value per share (Note 3) 95.76p 95.33p
Cash flow statement for the year ended 28 February 2007 (unaudited)
Group and Company 2007 2006
�000 �000
Profit before tax 95 18
Increase in receivables (43) (25)
Increase in payables 22 20
----- -----
Net cash from operating activities 74 13
Dividends paid (15) -
Cash flow from financing activities:
Equity shares issued 2,632 4,288
------- -------
Net increase in cash and cash equivalents 2,691 4,301
Opening cash and cash equivalents 4,301 -
--------- --------
Closing cash and cash equivalents 6,992 4,301
--------- --------
Statement of changes in equity for the year ended 28 February 2007 (unaudited)
Group and Company 2007
Share Share Revenue Total
CapitalPremium Reserve
�000
�000 �000 �000
Balance at beginning of year 45 4,243 15 4,303
Changes in equity:
Profit for the year and total
recognised income and expense for the
year - - 77 77
Dividends paid - - (15) (15)
Issue of ordinary shares 28 2,604 2,632
------ ------ -----------------
Balance at end of year 73 6,847 77 6,997
------ ------ -------- --------
Statement of changes in equity for the year ended 28 February 2006 (audited)
Group and Company 2006
Share Share Revenue Total
CapitalPremium Reserve
�000
�000 �000 �000
Balance at beginning of year
Changes in equity: - - - -
Profit for the year and total
recognised income and expense for the
year - - 15 15
Issue of ordinary shares 45 4,243 - 4,288
Issue of redeemable preference shares 50 - - 50
Redemption of redeemable preference
shares (50) - - (50)
------ ------- ------ -------
Balance at end of year 45 4,243 15 4,303
------ ------ -------- --------
Notes to the preliminary announcement
1 The financial information above has been prepared in accordance with International
Financial Reporting Standards (IFRSs). The financial information set out above does
not constitute the Group's statutory accounts for the year ended 28 February 2007.
The full statutory annual accounts will be delivered to shareholders in May 2007 and
delivered to the Registrar of Companies following the Company's AGM. Copies may in
due course be obtained during normal business hours from Keydata Investment Services
Limited, One Angel Court, London EC2R 7HJ.
Statutory accounts for the year ended 28 February 2006 have been delivered to the
Registrar of Companies and contained an unqualified audit report.
The Annual general meeting of the Company will be held at the Company's registered
office at 19 Cavendish Square, London W1A 2AW on 20 June 2007 at 11.00am
2 Earnings per ordinary share is based on a profit after tax of �77,000 (2006 - �15,000)
and on 7,067,430 (2006 - 3,567,001) ordinary shares, being the weighted average
number of ordinary shares in issue during the year.
3 The net asset value per ordinary share is based on net assets at the year end and on
7,306,320 (2006 - 4,513,628) ordinary shares, being the number of ordinary shares in
issue at year end.
11 May 2007
For further information please contact:
Craig McNeil
Company Secretary
Keydata Income VCT 1 plc
0141 572 2300
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