Annual report and financial statements - NVM Private Equity Ltd.
Annual report and financial statements - NVM Private Equity Ltd.
Annual report and financial statements - NVM Private Equity Ltd.
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Business Review<br />
Portfolio allocation<br />
The overall composition of the company's portfolio at 31 October 2006 <strong>and</strong> 2005 is shown in the following<br />
table:<br />
Venture capital investments:<br />
31 October 2006 31 October 2005<br />
£000 % £000 %<br />
Quoted on AiM 8,274 62.4 7,469 52.2<br />
Unquoted 4,697 35.5 4,762 33.3<br />
Total venture capital investments: 12,971 97.9 12,231 85.5<br />
Net current assets 279 2.1 2,077 14.5<br />
Net assets 13,250 100.0 14,308 100.0<br />
Key performance indicators<br />
The directors regard the following as the key indicators of the company’s performance:<br />
Net asset value <strong>and</strong> total return to shareholders: the following charts show the movement in net asset value<br />
<strong>and</strong> total return (net asset value plus cumulative dividends) per share over the past five years:<br />
Net asset value per share<br />
Net asset value plus cumulative<br />
dividends paid per share<br />
Dividends<br />
Net asset value<br />
55.5p<br />
73.5p<br />
68.2p<br />
60.4p<br />
57.6p<br />
56.2p<br />
74.4p<br />
71.5p<br />
70.7p<br />
69.9p<br />
2002<br />
2003<br />
2004<br />
2005<br />
2006<br />
2002<br />
2003<br />
2004<br />
2005<br />
2006<br />
Years ended 31 October; figures in pence per share; net asset values for years to 31 October 2005 have been re-stated.<br />
PAGE 10 Northern AIM VCT PLC <strong>Annual</strong> Report <strong>and</strong> Accounts 2006
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