Final Results

27 Jul 2007 17:06

Investec Investment Trust PLC27 July 2007 INVESTEC INVESTMENT TRUST PLC PRELIMINARY ANNOUNCEMENT PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2007 2007 2006 £000 £000 Administrative expenses (5) (5) Interest payable (63) (63) -------- -------- Loss on ordinary activities before taxation (68) (68) Tax on loss on ordinary activities - - -------- -------- Loss on ordinary activities after taxation (68) (68) -------- -------- Retained loss for the financial year 68 68 -------- -------- Net assets 27,491 27,559 -------- -------- Notes 1. Cash Flow Statement The Company is exempt from the requirements to prepare a cash flow statementunder Financial Reporting Standard 1, because a consolidated cash flow statementis included in the publicly available consolidated financial statements of itsultimate holding company, Investec plc. 2. The financial statements have been prepared under the historical costconvention and in accordance with applicable accounting standards. 3. Investec Group Investments (UK) Limited, a wholly-owned subsidiary ofInvestec Bank (UK) Limited, owns all of the ordinary shares of the company,£266,586 of the nominal 3.5 per cent cumulative preference stock and £96,612 ofthe nominal 5 percent preference stock, in issue. The issued £1,300,000 nominal3.5 per cent and £345,438 nominal 5 per cent cumulative preference stocks arelisted on the London Stock Exchange. 4. Surplus liquidity arising from time to time has been lent by the companyduring the period on an interest free basis to its immediate parent company,Investec Group Investments (UK) Limited. The loan is repayable on demand andthe company has the right, at any time and at its sole discretion, to chargeinterest thereon at a commercial rate. 5. The tax charge is based on the effective tax rate for the full year. 6. No dividend is proposed in respect of the ordinary shares (2006:£Nil). 7. The above financial information is an abridged version of the company's full accounts which have not yet been filed with the Registrar of Companies. 8. The Report and Financial Statements will be posted to holders of preference stocks of the company and copies are available, upon request, at the Registered Office of the company. Registered Office Date: 26 July 20072 Gresham Street London EC2V 7QP Registered in England No. 328206 This information is provided by RNS The company news service from the London Stock Exchange