Rns...28 Aug 2013 12:34
New Century AIM VCT2 plc
For the six months to 30th June 2013
Chairman's Statement
In the six month period to the 30th June, 2013, the net asset value of your fund remained at 44p per share. This was a slight improvement over the performance of the FTSE Aim Index over the same period.
In May, 2013, the company bought back 10% of its shares at a price of 46.1p, thus giving shareholders the opportunity to dispose of some of their holding at a price that more fully reflects the underlying asset value. It is the Board's wish to carry out further buy backs, where possible, in the future.
Since June, the Aim market has been recovering and we are pleased to announce that as at the 19th August, 2013, the net asset value of your fund had recovered to 47.9p per share.
Geoff Gamble
28 August 2013
New Century AIM VCT2 plc
For the six months to 30th June 2013
Unaudited Balance Sheet
Interim Accounts Final Accounts Interim Accounts
as at 30 June 2013 as at 31 December 2012* as at 30 June 2012
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
Fixed
Assets
Investments 2,484 2,457 2,371
Current
Assets
Sundry debtors - - -
Uninvested cash 318 318 355 355 125 125
Current
Liabilities
Creditors: amounts due
within one year (7) (8) (4)
2,795 2,804 2,492
Capital and
Reserves
Share capital 632 632 631
Share premium 57 5,307 5,309
Capital reserve - realised (1,358) (1,946) (662)
Capital reserve - unrealised 1,689 (1,167) (2,763)
Revenue reserve 1,775 (22) (23)
2,795 2,804 2,492
Asset Value 44p 44p 40p
per share
*Audited accounts
New Century AIM VCT2 plc
For the six months to 30th June 2013
Unaudited Income Statement
(incorporating the revenue account)