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

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Balance SheetAs at 31 December 2008Ordinaryshares31 December 2008 31 December 2007S OrdinaryNotes £’000 £’000 £’000 £’000 £’000 £’000Fixed assetsInvestments at fair value through profitor loss 8 6,200 4,579 10,779 7,714 4,494 12,208sharesTotalOrdinarysharesS OrdinarysharesTotalCurrent assetsDebtors 10 216 115 331 152 72 224Cash and overnight deposits 276 90 366 444 307 751492 205 697 596 379 975Creditors: amounts falling due withinone year 11 (45) (34) (79) (89) (42) (131)Net current assets 447 171 618 507 337 844Total net assets 6,647 4,750 11,397 8,221 4,831 13,052Capital and reservesCalled up share capital 12 784 497 1,281 784 497 1,281Share premium 13 – 4,227 4,227 – 4,227 4,227Distributable reserve 13 6,660 – 6,660 6,660 – 6,660Capital reserves – realised 13 1,049 (12) 1,037 965 (32) 933Capital reserves – unrealised 13 (2,074) (98) (2,172) (388) 62 (326)Revenue reserve 13 228 136 364 200 77 277Net assets attributable to OrdinaryShareholders 6,647 4,750 11,397 8,221 4,831 13,052Net asset value per ordinary share (pence) 14 84.8 95.5 104.9 97.2The Financial Statements were approved by the Board of Directors and were signed on its behalf by:3 April 2009 I D CormackChairmanThe accompanying notes are an integral part of the financial statements.32 Aberdeen Growth Opportunities VCT 2 PLC
Cash Flow StatementFor the year ended 31 December 2008Year ended 31 December 2008 Year ended 31 December 2007OrdinarysharesS OrdinarysharesTotalOrdinarysharesS OrdinaryNotes £’000 £’000 £’000 £’000 £’000 £’000Operating activitiesInvestment income received 267 207 474 297 56 353Deposit interest received 12 6 18 36 25 61Investment management fees paid (141) (101) (242) (183) (51) (234)Secretarial fees paid (62) (34) (96) (48) (13) (61)Cash paid to and on behalf of Directors (53) (31) (84) (39) (12) (51)Other cash payments (61) (24) (85) (63) (18) (81)Net cash (outflow)/inflow from operatingactivities 15 (38) 23 (15) – (13) (13)sharesTotalTaxationCorporation tax – – – – – –Financial investmentPurchase of investments (1,516) (2,709) (4,225) (6,407) (4,459) (10,866)Sale of investments 1,582 2,581 4,163 6,818 55 6,873Net cash inflow/(outflow) from financialinvestment 66 (128) (62) 411 (4,404) (3,993)Equity dividends paid (196) (112) (308) (470) – (470)Net cash outflow before financing (168) (217) (385) (59) (4,417) (4,476)FinancingIssue of ordinary shares – – – – 4,972 4,972Expense of share issue – – – – (248) (248)Net cash inflow from financing – – – – 4,724 4,724(Decrease)/increase in cash 16 (168) (217) (385) (59) 307 248The accompanying notes are an integral part of the financial statements.Aberdeen Growth Opportunities VCT 2 PLC 33
Page 1 and 2: 08YearAberdeen GrowthOpportunities
Page 3 and 4: Ordinary Shares Financial Highlight
Page 7: Analysis of Unlisted and AIM Portfo
Page 10 and 11: Investment Manager’s Review conti
Page 12 and 13: Investment Manager’s Review conti
Page 14 and 15: Investment Portfolio SummaryInvestm
Page 16 and 17: Largest Unlisted and AiM Investment
Page 18 and 19: Your BoardThe Board of five Directo
Page 20 and 21: Directors’ ReportThe Directors su
Page 22 and 23: Directors’ Report continuedThe in
Page 24 and 25: Directors’ Report continuedThe bi
Page 26 and 27: Directors’ Report continuedMeetin
Page 28 and 29: Directors’ Remuneration ReportThi
Page 30 and 31: Statement of Directors’ Responsib
Page 32 and 33: Income StatementFor the year ended
Page 36 and 37: Notes to the Financial StatementsFo
Page 38 and 39: Notes to the Financial Statements c
Page 48 and 49: Notice of Meeting continued(c) the
Page 50: Corporate InformationDirectorsI D C

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