OXF.L Regulatory News (OXF)

20 Oct 2005 16:21

Oxford Technology 4 VCT PLC20 October 2005 Oxford Technology 4 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 £0.94. Shares were raised at97p, 98p, 99p and £1 per share during the 2004/2005 tax year and launch costswere capped at 4p per share. By 31 August the portfolio had increased to 14 investments. All the investmentsare held at cost except one whose value has been reduced since additionalcapital was invested at a reduced share price. The Board is pleased with the development of the portfolio. On behalf of the BoardJohn JacksonChairman Unaudited financial informationSummarised Statement Six Period 9 Feb 04of Total Return for the period months to to 28 Feb 05 31 Aug 05 £000 £000 Loss on investments (100) -Income 98 33Expenses (66) (198) _____ _____Net return before taxation (68) (165)Tax on ordinary activities - - _____ _____Return attributable to equity (68) (165)shareholdersDividends in respect of equity shares - - _____ _____Transfers to reserves (68) (165) ===== =====Revenue return per share 0.45p (16.3)pCapital return per share (1.40)p -Total return per ordinary share (0.95)p - ===== ===== Summarised Balance Sheet 31 Aug 05 28 Feb 05 £000 £000Unquoted investments 2,040 473Other net current assets 4,667 2,410 _____ _____Net assets 6,707 2,883 ===== =====Capital and ReservesCalled up share capital 713 315Share premium: Share issues 6,308 Expenses on share issues (81) _____ _____ 6,940Capital reserve unrealised (100) - realised - -Revenue reserve (133) (165) _____ _____ 6,707 ===== =====Net asset value per share 94.1p 91.5p ===== ===== Cash flow statement for the period Six Period months 9 Feb 04 to to 31 Aug 05 28 Feb 05 £000 £000 Net cash outflow from operating (174) (215)activitiesCapital expenditure and financial (1,281) (473)investment _____ _____Net cash outflow from capital expenditure (1,281) (473)and financial investmentFinancing 4,092 3,083 Issue of sharesExpenses paid in connection with share (46) (35)issue _____ _____Net cash inflow from financing 4,046 3,048Increase/(decrease) in cash 2,591 2,360 ===== ===== Notes to the Unaudited Financial Information 1 The financial information for each of the interim periods ended 31 August 2005and 31 August 2004 is unaudited and does not constitute statutory accountswithin the meaning of the Companies Act 1985. It has been prepared usingaccounting policies consistent with those set out in the companys statutoryaccounts for the year ended 28 February 2005. The financial information for theyear ended 28 February 2005 has been extracted from the companys statutoryaccounts for that period which contained an unqualified audit report and whichhave been filed with the Registrar of Companies. 2 The calculation of earnings per share for the period is based on the returnattributable to shareholders divided by the weighted average number of shares inissue during the period. 3 Listed investments are stated at market value based upon middle market pricesat the accounting period end. The unrealised depreciation or appreciation onthe valuation of investments and the gains and losses arising on the disposal ofinvestments are dealt with in the capital reserve. 4 Copies of the Interim Statement are being sent to shareholders and furthercopies can be obtained from the Companys Registered Office. This information is provided by RNS The company news service from the London Stock Exchange