NEW STAR INVESTMENT TRUST PLC The financial position of the subsidiary is summarised as follows:
Year ended Year ended
30th June 30th June
2021 2020
GBP '000 GBP '000
Net assets brought forward 506 506
Dividend paid to parent (506) -
Net assets carried forward - 506 11. OTHER RECEIVABLES
30th June 30th June
2021 2020
Group Group
GBP '000 GBP '000
Prepayments and accrued income 223 133
Taxation 12 4
235 137 12. CASH AND CASH EQUIVALENTS
30th June 30th June
2021 2020
Group Group
GBP '000 GBP '000
Cash at bank and on deposit 8,440 10,962 13. OTHER PAYABLES
30th June 30th June
2021 2020
Group Group
GBP '000 GBP '000
Accruals 270 229
Amounts owed to subsidiary undertakings - -
270 229 14. CALLED UP SHARE CAPITAL
30th June 30th June
2021 2020
GBP '000 GBP '000
Authorised
305,000,000 (2020: 305,000,000) Ordinary shares of GBP0.01 each 3,050 3,050
Issued and fully paid
71,023,695 (2020: 71,023,695) Ordinary shares of GBP0.01 each 710 710 15. RESERVES
Share Special Retained
Premium Reserve earnings
account
GBP '000 GBP '000 GBP '000
GROUP
At 30th June 2020 21,573 56,908 34,694
Increase in investment holding gains - - 25,182
Net gains on realisation of investments - - 745
Losses on foreign currency - - (1,119)
Trail rebates - - 4
Retained revenue profit for year - - 429
Dividend paid - - (994)
At 30th June 2021 21,573 56,908 58,941 The components of retained earnings are set out below:
30th June 30th June
2021 2020
GBP '000 GBP '000
GROUP
Capital reserve - realised 5,316 5,686
Capital reserve - revaluation 52,018 26,836
Revenue reserve 1,607 2,172
58,941 34,694
16. NET ASSET VALUE PER ORDINARY SHARE
The net asset value per Ordinary share is calculated on net assets of GBP138,132,000 (2020: GBP113,885,000) and 71,023,695 (2020: 71,023,695) Ordinary shares in issue at the year end.
17. ANALYSIS OF CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
At 1st July 2020 At 30th June 2021
Cash flow Exchange movement
GBP '000 GBP '000
GROUP
Cash at bank and on deposit 10,962 (1,403) (1,119) 8,440
18. FINANCIAL INFORMATION
2021 Financial information
The figures and financial information for 2021 are unaudited and do not constitute the statutory accounts for the year. The preliminary statement has been agreed with the Company's auditors and the Company is not aware of any likely modification to the auditor's report required to be included with the annual report and accounts for the year ended 30th June 2021.
2020 Financial information
The figures and financial information for 2020 are extracted from the published Annual Report and Accounts for the year ended 30th June 2020 and do not constitute the statutory accounts for the year. The Annual Report and Accounts for the year-end 30th June 2020 (available on the Company's website www.nsitplc.com) has been delivered to the registrar of Companies and includes the Independent Auditors report which was unqualified and did not contain a statement under either section 498 (2) or section 498 (3) of the Companies Act 2006.
Annual Report and Accounts
The accounts for the year ended 30th June 2021 will be sent to shareholders in October 2021 and will be available on the Company's website or in hard copy format at the Company's registered office, 1 Knightsbridge Green, London SW1X 7QA and will be available for inspection. A copy will also be submitted to the FCA's National Storage Mechanism.
The Annual General Meeting of the Company will be held on 16th November 2021 at 11.00am at 1 Knightsbridge Green, London SW1X 7QA.
23rd September 2021
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ISIN: GB0002631041 Category Code: ACS TIDM: NSI LEI Code: A00100146726 Sequence No.: 122903 EQS News ID: 1235682 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
September 24, 2021 02:00 ET (06:00 GMT)
