EPIC Securities_16pp - EPIC Private Equity

7
Consolidated Income Statement
from 1 August 2007 to 31 January 2008
1 August 2007 to 1 August 2006 to 1 August 2006 to
31 January 2008 31 January 2007 31 July 2007
(Unaudited) (Unaudited) (Audited)
Notes £000’s £000’s £000’s
Income
Bond interest 737 1,000 1,887
Dividends 416 793 1,512
Bank interest 383 341 746
Other income 29 124 91
Total income
Expenses
1,565 2,258 4,236
Management and investment advisory fees 511 639 1,273
Professional fees 115 684 610
Other expenses 275 212 382
Administration fees 82 85 150
Audit fees 44 22 43
Directors fees 30 45 93
Abort fees 7 - 228
Custodian fees 4 37 69
4 Performance fees 293 801 386
Total expenses 1,361 2,525 3,234
Net investment income/(expense)
(Losses)/gains on investments
204 (267) 1,002
Realised (losses)/gains on sale of investments (5,988) 9,788 13,105
Net unrealised (loss)/gain on forward foreign currency contracts (633) (2) (15)
Foreign exchange differences
Movement in unrealised (losses)/gains on revaluation of
54 - (675)
investments at fair value through profit or loss (3,455) (1,451) (1,392)
(Loss)/profit for the year on investments at
fair value through profit or loss (10,022) 8,335 11,023
5 Dividends on Income Shares (1,233) (1,188) (2,376)
Debt finance costs (705) (703) (1,392)
Net (loss)/profit for the period/year (11,756) 6,177 8,257
6 Basic (loss)/gain per Capital Share (pence) (29.17p) 17.87p 22.37p
6 Diluted (loss)/gain per Capital Share (pence) (29.17p) 14.89p 22.37p
All items in the above statement are derived from continuing operations.
The accompanying notes on pages 11 to 12 are an integral part of the financial statements.