NEW STAR INVESTMENT TRUST PLC
Other operating income 2 3 - 3 250 - 250
1,522 - 1,522 2,419 - 2,419
GAINS AND LOSSES ON INVESTMENTS
Gains/(losses) on investments at fair value
through profit or loss
9 - 25,927 25,927 - (212) (212)
Other exchange (losses)/gains - (1,119) (1,119) - 414 414
Trail rebates - 4 4 - 4 4
1,522 24,812 26,334 2,419 206 2,625
EXPENSES
Management and performance fees 3 (774) - (774) (697) (623) (1,320)
Other expenses 4 (319) - (319) (397) - (397)
(1,093) - (1,093) (1,094) (623) (1,717)
PROFIT BEFORE TAX 429 24,812 25,241 1,325 (417) 908
Tax 5 - - - - - -
PROFIT FOR THE YEAR 429 24,812 25,241 1,325 (417) 908
EARNINGS PER SHARE
Ordinary shares (pence) 7 0.61p 34.93p 35.54p 1.87p (0.59)p 1.28p The total column of this statement represents the Group's profit and loss account, prepared in accordance with international accounting standards in conformity with the requirements of the Companies Act 2006 and prepared in accordance with international financial reporting standards adopted pursuant to Regulation (EC) No 1606/2002 as it applies in the European Union. The supplementary Revenue Return and Capital Return columns are both prepared under guidance published by the Association of Investment Companies. All revenue and capital items in the above statement derive from continuing operations.
The Company did not have any income or expense that was not included in 'Profit for the year'. Accordingly, the 'Profit for the year' is also the 'Total comprehensive income for the year', as defined in IAS1 (revised) and no separate Statement of Comprehensive Income has been presented.
No operations were acquired or discontinued during the year.
All income is attributable to the equity holders of the parent company. There are no minority interests.
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30TH JUNE 2021
Share
Share premium Special reserve Retained earnings
Note capital Total
GBP '000 GBP '000 GBP '000
GBP '000 GBP '000
AT 30th JUNE 2020 710 21,573 56,908 34,694 113,885
Total comprehensive income for the year - - - 25,241 25,241
Dividend paid 8 - - - (994) (994)
AT 30th JUNE 2021 710 21,573 56,908 58,941 138,132 Included within Retained earnings were GBP1,960,000 of Company reserves available for distribution.
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30TH JUNE 2020
Share
Share premium Special reserve Retained earnings
Note capital Total
GBP '000 GBP '000 GBP '000
GBP '000 GBP '000
AT 30th JUNE 2019 710 21,573 56,908 34,780 113,971
Total comprehensive income for the year - - - 908 908
Dividend paid 8 - - - (994) (994)
AT 30th JUNE 2020 710 21,573 56,908 34,694 113,885 Included within Retained earnings were GBP2,018,000 of Company reserves available for distribution.
CONSOLIDATED BALANCE SHEET AT 30TH JUNE 2021
30th June 30th June
Notes 2021 2020
GBP '000 GBP '000
NON-CURRENT ASSETS
Investments at fair value through profit or loss 9 129,727 103,015
CURRENT ASSETS
Other receivables 11 235 137
Cash and cash equivalents 12 8,440 10,962
8,675 11,099
TOTAL ASSETS 138,402 114,114
CURRENT LIABILITIES
Other payables 13 (270) (229)
TOTAL ASSETS LESS CURRENT LIABILITIES 138,132 113,885
NET ASSETS 138,132 113,885
EQUITY ATTRIBUTABLE TO EQUITY HOLDERS
Called-up share capital 14 710 710
Share premium 15 21,573 21,573
Special reserve 15 56,908 56,908
Retained earnings 15 58,941 34,694
TOTAL EQUITY 138,132 113,885
NET ASSET VALUE PER ORDINARY SHARE 16 194.49p 160.35p CONSOLIDATED CASH FLOW STATEMENTS AT 30TH JUNE 2021
Year Year
ended ended
30th June 30th June
2021 2020
Group Group
Notes
GBP '000 GBP '000
NET CASH INFLOW FROM OPERATING ACTIVITIES
376 382
INVESTING ACTIVITIES
Purchase of investments (9,717) (12,725)
Sale of investments 8,932 3,280
NET CASH OUTFLOW FROM INVESTING ACTIVITIES
(785) (9,445)
FINANCING
Equity dividends paid 8 (994) (994)
NET CASH OUTFLOW FROM FINANCING (994) (994)
DECREASE IN CASH (1,403) (10,057)
RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN CASH & CASH EQUIVALENTS
Decrease in cash resulting from cash flows (1,403) (10,057)
Exchange movements (1,119) 414
Movement in net funds (2,522) (9,643)
Net funds at start of the year 10,962 20,605
CASH & CASH EQUIVALENTS AT END OF YEAR 17 8,440 10,962
RECONCILIATION OF PROFIT BEFORE FINANCE COSTS AND TAXATION TO NET CASH FLOW FROM OPERATING
ACTIVITIES
Profit before finance costs and taxation* 25,241 908
(Gains)/Losses on investments (25,927) 212
Exchange differences 1,119 (414)
Capital trail rebates (4) (4)
Net revenue gains before finance costs and taxation
429 702
(Increase)/Decrease in debtors (90) 81
Increase/(Decrease) in creditors 41 (407)
Taxation (8) 2
Capital trail rebates 4 4
NET CASH INFLOW FROM OPERATING ACTIVITIES
376 382 (MORE TO FOLLOW) Dow Jones Newswires
September 24, 2021 02:00 ET (06:00 GMT)
