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2 <strong>Foresight</strong> 2 VCT plc 12 Unaudited Balance Sheet at 31 March 2008 As at As at As at 31 March 08 31 March 07 30 September 07 (unaudited) (unaudited) (audited) £’000 £’000 £’000 Non-current assets Assets held at fair value through profit and loss — investments 17,881 15,821 19,882 Current assets Debtors 5,275 86 578 Money market and other deposits 15,667 4,567 13,001 Cash 1,421 8,273 617 22,363 12,926 14,196 Creditors Amounts falling due within one year (395) (75) (115) Net current assets 21,968 12,851 14,081 Net assets 39,849 28,672 33,963 Capital and reserves Called-up share capital 396 290 338 Share premium account 19,008 8,880 13,357 Capital reserve — realised 2,524 (642) (983) Capital reserve — unrealised 371 1,952 2,910 Capital redemption reserve 3 — — Distributable reserve 17,547 18,192 18,341 Equity shareholders’ funds 39,849 28,672 33,963 Net asset value per Ordinary Share 99.0p 101.1p 105.2p Net asset value per C Share 102.6p 94.3p 94.2p Unaudited Reconciliation of Movements in Shareholders’ Funds £’000 £’000 £’000 Opening shareholders’ funds 33,963 18,564 18,564 Return attributable to shareholders 1,425 1,291 2,121 Shares issues (net of expenses) 5,514 8,975 13,436 Share buybacks (224) (40) (40) Dividends (1,027) (118) (118) Dividends reinvested 198 — — Closing shareholders’ funds 39,849 28,672 33,963
Unaudited Statement of Cash Flows for the six months to 31 March 2008 Half-Yearly Financial Report for the six months ended 31 March 2008 13 6 months to 6 months to Year to 31 March 08 31 March 07 30 September 07 (unaudited) (unaudited) (audited) £’000 £’000 £’000 Cash flow from operating activities Investment income received 203 64 146 Deposit and similar interest received 443 169 388 Investment management fees paid (369) (225) (645) Secretarial fees paid (59) (37) (55) Other cash payments (84) (98) (552) Net cash inflow/(outflow) from operating activities and returns on investment 134 (127) (718) Taxation — — — Returns on investment and servicing of finance Purchase of unquoted investments and investments quoted on AIM (2,319) (3,256) (6,359) Net proceeds on sale of unquoted investments 5,559 — — Repurchase of own shares — (41) (40) Net capital inflow/(outflow) from financial investment 3,240 (3,297) (6,399) Equity dividends paid (1,027) (118) (118) Net cash inflow/(outflow) before financing and liquid resource management 2,347 (3,542) (7,235) Management of liquid resources Movement in money market and other deposits (2,567) 2,864 (5,569) Financing Proceeds of fund raising 830 9,475 14,258 Expenses of fund raising (4) (532) (845) Dividends reinvested 198 25 25 1,024 8,968 13,438 Increase in cash 804 8,290 634 Reconciliation of net cash flow to movement in net cash Increase in cash for the period 804 8,290 634 Net cash at start of period 617 (17) (17) Net cash at end of period 1,421 8,273 617 Reconciliation of income to net cash flow from operating activities Net income before taxation 497 23 198 Investment management fee charged to capital (299) (181) (484) (Increase)/decrease in debtors (111) 18 (474) Increase in creditors 47 13 42 Net cash inflow/(outflow) from operating activities 134 (127) (718)
Page 1 and 2: Foresight 2 VCT plc Unaudited Half-
Page 3 and 4: Chairman’s Statement I Introducti
Page 5 and 6: Investment Summary Half-Yearly Fina
Page 7 and 8: Half-Yearly Financial Report for th
Page 9 and 10: Investment Summary — C Share Port
Page 11 and 12: Income Statements for the six month
Page 13: Unaudited Income Statement (incorpo
Page 17 and 18: Notes to the Half-Yearly Results Ha
Page 19 and 20: Half-Yearly Financial Report for th

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