Threadneedle UK Property Fund II - Threadneedle Investments

Threadneedle UK Property Fund II Interim Report and Accounts 2012
Financial Statements
STATEMENT OF TOTAL RETURN
for the accounting period 1st January 2012 to 30th June 2012
2012 2011
£000 £000
Income
Net capital (losses)/gains (3,244) 1,668
Revenue 2,285 2,473
Expenses
qqqqqqqqqqr
(364) (631)
Net revenue before taxation 1,921 1,842
Taxation (386) (359)
Net revenue after taxation
qqqqqqqqqqr
1,535 1,483
Total return before distributions (1,709) 3,151
Finance costs: distributions
qqqqqqqqqqr
(1,832) (1,935)
Change in net assets attributable
to shareholders from investment activities (3,541) 1,216
zzzzzzzzzzzzzzz
CASH FLOW STATEMENT
for the accounting period 1st January 2012 to 30th June 2012
December
2012 2011
£000 £000
Net cash inflow from operating activities 1,638 3,369
Corporation tax paid (416) (957)
Income distributions (51) (35)
Capital expenditure and financial investments:
Purchase of investments – (1,362)
Expenses paid from capital 40 (159)
Disposal of investments
qqqqqqqqqqr
44,256 2,508
44,296 987
Financing:
Amounts received on creation of shares 7,217 36,916
Amounts paid on cancellation of shares
qqqqqqqqqqr
(9,871) (34,762)
qqqqqqqqqqr
(2,654) 2,154
Increase in cash in the year 42,813 5,518
zzzzzzzzzzzzzzz
Reconciliation of net revenue to cash inflow
from operating activities:
Net revenue before taxation 1,921 3,827
Decrease/(increase) in debtors 47 (395)
Increase in creditors
qqqqqqqqqqr
(330) (63)
Net cash inflow from operating activities 1,638 3,369
zzzzzzzzzzzzzzz
STATEMENT OF CHANGE IN NET ASSETS ATTRIBUTABLE
TO SHAREHOLDERS
for the accounting period 1st January 2012 to 30th June 2012
2012 2011
£000 £000
Opening net assets attributable to shareholders 87,777 93,160
Amounts receivable on creation of shares 7,596 15,218
Less: Amounts payable on cancellation of shares (9,953) (11,300)
(2,357) 3,918
Stamp duty reserve tax (10) (11)
Change in net assets attributable to shareholders
from investment activities (see above) (3,541) 1,216
Retained distribution on accumulation shares
qqqqqqqqqqr
1,762 1,922
Closing net assets attributable to shareholders 83,631 100,205
zzzzzzzzzzzzzzz
AUTHORISED CORPORATE DIRECTOR’S STATEMENT
In accordance with the requirements of the Financial Services
Authority’s Collective Investment Schemes (COLL) Sourcebook, we
hereby certify the Interim Report & Accounts on behalf of the Directors
of Threadneedle Investment Services Limited.
T N Gillbanks
Director
15th August 2012
N J Ring
Director
The comparatives used within the Statement of Change in Net Assets Attributable to
Shareholders are for the corresponding period of the previous year. Therefore the opening
net assets attributable to shareholders for the current period are at 31st December 2011
whilst the figure disclosed in the comparatives’ closing net assets attributable to
shareholders is at 30th June 2011.
BALANCE SHEET
as at 30th June 2012
December
2012 2011
Assets £000 £000
Investment assets
qqqqqqqqqqr
34,950 81,215
Debtors 1,053 1,133
Cash and bank balances
qqqqqqqqqqr
49,783 6,970
Total other assets
qqqqqqqqqqr
50,836 8,103
Total assets
qqqqqqqqqqr
85,786 89,318
Liabilities
Creditors (2,115) (1,490)
Distribution payable on income shares
qqqqqqqqqqr
(40) (51)
Total liabilities
qqqqqqqqqqr
(2,155) (1,541)
Net assets attributable to shareholders 83,631 87,777
zzzzzzzzzzzzzzz
8