OTT.L Regulatory News (OTT)

20 Oct 2005 16:19

Oxford Technology 3 VCT PLC20 October 2005 Oxford Technology 3 Venture Capital Trust plc Interim Statement For the period 1 March 2005 to 31 August 2005 Statement on behalf of the Board Net Assets per share share at 31 August 2005 were £1.08 compared to £1.08 on 28Feb 2005 compared to and £1.12 on 31 August 2004. While some investees have problems of one sort or another, many are developingwell. The Board is pleased with the overall development of the portfolio. On behalf of the Board John Jackson Chairman Unaudited financial information Summarised Statement of Total Six Six YearReturn for the period months to months to 31 Aug 04 to 28 Feb 05 31 Aug 05 £000 £000 £000 Gain / (loss) on investments 50 652 494Income 14 33 56Expenses (75) (81) (160) _____ _____ _____Net return before taxation (11) 604 390Tax on ordinary activities - - - _____ _____ _____Return attributable to equity shareholders (11) 604 390Dividends in respect of equity shares - - - _____ _____ _____ Transfers to / (from) reserves (11) 604 390 ===== ===== =====Revenue loss per share (1.13)p (0.89)p (1.92)pCapital return / (loss) per share 0.92p 12.05p 9.14pTotal return / (loss) per ordinary share (0.21)p 11.16p 7.22p ===== ===== ===== Summarised Balance Sheet 31 Aug 05 31 Aug 04 28 Feb 05 £000 £000 £000Unquoted investments 5,215 4,463 4,880Other net current assets 613 1,590 959 _____ _____ _____Net assets 5,828 6,053 5,839 ===== ===== =====Capital and ReservesCalled up share capital 541 541 541Share premium: Share issues 4,900 4,900 4,900 Expenses on share issues (242) (242) (242) _____ _____ _____ 5,199 5,199 5,199Capital reserve unrealised 878 986 828 realised (4) (4) (4)Revenue reserve (245) (128) (184) _____ _____ _____ 5,828 6,053 5,839 ===== ===== =====Net asset value per share 108p 112p 108p ===== ===== ===== Cash flow statement for the period Six Six Year months months to 28 Feb 05 to 31 Aug 05 to 31 Aug 04 £000 £000 £000Net cash outflow from operating activities (66) (45) (91)Capital expenditure and financial investment (162) (177) (778)Redemption on maturity of governement stocks - 1,300 1,300 _____ _____ _____Net cash inflow/(outflow) from capital expenditure and (162) 1,123 522financial investment _____ _____ _____Increase/(decrease) in cash (228) 1,078 431 ===== ===== ===== Notes to the Unaudited Financial Information 1 The financial information for each of the interim periods ended 31 August 2005 and 31 August 2004 is unaudited and does not constitute statutory accounts within the meaning of the Companies Act 1985. It has been prepared using accounting policies consistent with those set out in the companys statutory accounts for the year ended 28 February 2005. The financial information for the year ended 28 February 2005 has been extracted from the companys statutory accounts for that period which contained an unqualified audit report and which have been filed with the Registrar of Companies. 2 The calculation of earnings per share for the period is based on the return attributable to shareholders divided by the weighted average number of shares in issue during the period. 3 Listed investments are stated at market value based upon middle market prices at the accounting period end. The unrealised depreciation or appreciation on the valuation of investments and the gains and losses arising on the disposal of investments are dealt with in the capital reserve. 4 Copies of the Interim Statement are being sent to shareholders and further copies can be obtained from the Companys Registered Office. This information is provided by RNS The company news service from the London Stock Exchange