Aberdeen Growth Opportunities VCT 2 PLC - Aberdeen Asset ...

Income StatementFor the year ended 31 December 2007Ordinary shares S Ordinary shares TotalRevenue Capital Total Revenue Capital Total Revenue Capital TotalNotes £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000(Losses)/gains on investments 8 – (120) (120) – 69 69 – (51) (51)Income from investments 2 334 – 334 145 – 145 479 – 479Other income 2 28 – 28 27 – 27 55 – 55Investment management fees 3 (37) (148) (185) (14) (56) (70) (51) (204) (255)Other expenses 4 (155) – (155) (64) – (64) (219) – (219)Profit/(loss) on ordinaryactivities before taxation 170 (268) (98) 94 13 107 264 (255) 9Tax on ordinary activities 5 (29) 29 – (17) 17 – (46) 46 –Profit/(loss) on ordinaryactivities after taxation 141 (239) (98) 77 30 107 218 (209) 9Earnings per share (pence) 1.8 (3.1) (1.3) 1.8 0.7 2.5 3.6 (2.4) 1.2A Statement of Total Recognised Gains and Losses has not been prepared, as all gains and losses are recognised in the IncomeStatement.All items in the above statement are derived from continuing operations. The Company has only one class of business andderives its income from investments made in shares, securities and bank deposits.The total column of this Statement is the Profit and Loss Account of the Company.Reconciliation of movements in Shareholders’ FundsFor the year ended 31 December 2007Ordinary SharesS Ordinary SharesTotal£’000£’000£’000Opening Shareholders’ funds 8,789 – 8,789Movements in the periodTotal (loss)/profit for year (98) 107 9Net proceeds of issue of shares – 4,724 4,724Dividends paid - revenue (39) – (39)Dividends paid - capital (431) – (431)Closing Shareholders’ funds 8,221 4,831 13,052The accompanying notes are an integral part of the financial statements.Aberdeen Growth Opportunities VCT 2 PLC 31