Annual report: Period Ended 31 December 2012 - Invesco Perpetual

More documents

Recommendations

Info

40 City Merchants High Yield Trust Limited Balance Sheet At 31 December 2012 Notes £’000 Non-current assets Investments held at fair value through profit or loss 11 117,527 Current assets Other receivables 12 2,407 Cash and cash equivalents 5,094 7,501 Current liabilities Other payables 13 (343) Derivative financial instruments – unrealised loss 14 (10) Net current assets 7,148 Net assets 124,675 (353) Capital and reserves Stated capital 15 113,410 Capital reserve 16 9,336 Revenue reserve 16 1,929 Shareholders’ funds 124,675 Net asset value per ordinary share 17 171.29p These financial statements were approved and authorised for issue by the Board of Directors on 28 March 2013. Clive Nicholson Chairman Signed on behalf of the Board of Directors The accompanying notes are an integral part of these financial statements.
City Merchants High Yield Trust Limited 41 Statement of Cashflows For the period 19 December 2011 to 31 December 2012 Trading commenced on 2 April 2012 Cash flow from operating activities Profit before tax 15,018 Taxation (42) Adjustment for: Purchases of investments (18,171) Sales of investments 18,542 £’000 371 Profit on investments (8,370) Exchange differences (123) Derivative instruments – currency hedges 10 Finance costs 33 Operating cash flows before movements in working capital 6,897 Other receivables at period end – note 12 (2,407) Accrued interest received from City Merchants High Yield Trust plc – note 15 2,823 Decrease in receivables 416 Increase in payables 336 Net cash flows from operating activities 7,649 Cash flow from financing activities Costs incurred in formation of new company (520) Cash received from City Merchants High Yield Trust plc – note 15 1,579 Finance cost paid (26) Equity dividends paid – note 10 (3,711) Net cash flows from financing activities (2,678) Net increase in cash and cash equivalents 4,971 Exchange differences 123 Cash and cash equivalents at the end of the period 5,094 The accompanying notes are an integral part of these financial statements.
Page 1 and 2: City Merchants High Yield Trust Lim
Page 41: City Merchants High Yield Trust Lim
Page 63 and 64: The Manager of City Merchants High
Page 65: Linkway Financial Printers Typeset

Annual report: Period Ended 31 December 2012 - Invesco Perpetual

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?