OXF.L Regulatory News (OXF)

18 Oct 2006 12:00

Oxford Technology 4 VCT PLC18 October 2006 Oxford Technology 4 Venture Capital Trust plc Interim Statement For the period 1 March 2006 to 31 August 2006 Statement on behalf of the Board The portfolio is developing well and we now have a total of 26 investments. Netassets per share at 31 August 2006 were 93p, compared to 94p on 28 February 2006and 94p on 31 August 2005. It is too early to say anything very meaningful about the performance of theportfolio to date, but several companies in the OT4 portfolio are making good orexcellent progress and continue to have the potential to deliver exceptionalreturns. Full details of all the investments is given in the accompanying newsletter. On behalf of the BoardJohn JacksonChairman Unaudited financial information Summarised Statement of Total Six months to Six months to Year toReturn for the period 31 Aug 06 31 Aug 05 28 Feb 06 £000 £000 £000 Gain / (loss) on investments (81) (100) (85)Income 98 98 194Expenses (220) (66) (197) _____ _____ _____Net return before taxation (203) (68) (88)Tax on ordinary activities - - - _____ _____ _____Return attributable to equity (203) (68) (88)shareholdersDividends in respect of equity shares - - - _____ _____ _____Transfers to / (from) reserves (203) (68) (88) ===== ===== =====Revenue return per share (1.18)p 0.45p (0.04)pCapital return / (loss) per share (0.79)p (1.40)p (1.27)pTotal return / (loss) per ordinary share (1.97)p (0.95)p (1.31)p ===== ===== ===== Summarised Balance Sheet 31 Aug 06 31 Aug 05 28 Feb 06 £000 £000 £000Investments at fair value through profitor loss 5,259 2,040 3,549Other net current assets 4,379 4,667 3,138 _____ _____ _____Net assets 9,368 6,707 6,687 ===== ===== =====Capital and ReservesCalled up share capital 1,032 713 713Share premium: Share issues 9,185 6,308 6,308 Expenses on share issues (123) (81) (81) _____ _____ _____ 10,094 6,940 6,940Capital reserve unrealised (166) (100) (85) realised - - -Revenue reserve (290) (133) (168) _____ _____ _____ 9,638 6,707 6,687 ===== ===== =====Net asset value per share 93.4p 94.1p 93.8p ===== ===== ===== Cash flow statement for the period Six months Six months Year to to 31 Aug 06 to 31 Aug 05 28 Feb 06 £000 £000 £000 Net cash outflow from operating (1) (174) (80)activitiesCapital expenditure and financial (1,591) (1,281) (3,161)investment _____ _____ _____Net cash inflow/(outflow) from capital (1,591) (1,281) (3,161)expenditure and financial investmentFinancing Issue of shares 3,196 4,092 3,892 Expenses paid in connection with (42) (46) - share issue _____ _____ _____ Net cash inflow from financing 3,154 4,046 3,892 _____ _____ _____ Increase/(decrease) in cash 1,562 2,591 651 ===== ===== ===== Notes to the Unaudited Financial Information 1 The financial information for each of the interim periods ended 31 August 2006and 31 August 2005 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 2006. The financial information for theyear ended 28 February 2006 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