1,200,882 1,110,747 Current assets 364,710 1,806,755 Trade and other receivables 66,612,318 70,453,855 Investments held at fair value through profit or loss Cash and cash equivalents 693,943 6,350,739 78,611,349 Total current assets 67,670,971 Current liabilities 5,107,691 - Borrowings 559,872 496,886 Trade and other payables 3,409,627 4,242,531 Financial liabilities at fair value through profit or loss 148,603 305,642 Current tax liability Total current liabilities 4,888,020 9,382,832 Net current assets 62,782,951 69,228,517 Non-current liabilities Borrowings 11,000,000 15,000,000 Deferred tax liabilities 2,384,950 3,511,702 18,511,702 Total non-current liabilities 13,384,950 50,598,883 51,827,562 Net assets Capital and reserves attributable to equity holders 437,732 447,145 Share capital Reserves Share premium 6,017 6,017 Capital redemption reserve 356,815 347,402 Merger reserve 3,564 3,564 Retained earnings 51,023,434 49,794,755 Total equity 50,598,883 51,827,562 Net asset value per share 79.7 p 80.5 p The Board of Directors approved and authorised the Group’s financial statements for issue on 30 September 2016. Signed on behalf of the Board by: CRW Parish (Director) and RAR Evans (Director). The Annual Report is available at CONSOLIDATED STATEMENT OF CASH FLOW For the year ended 30 June 30 June 2015 30 June 2016 £ £ Operating activities Net loss before tax (11,338,951) (615,636) Adjustments for: Depreciation 1,531 35,437 Foreign exchange losses 1,081,690 175,981
1,200,882 1,110,747 Current assets Trade and other receivables 364,710 1,806,755 Investments held at fair value through profit or loss 66,612,318 70,453,855 Cash and cash equivalents 693,943 6,350,739 Total current assets 67,670,971 78,611,349 Current liabilities Borrowings - 5,107,691 Trade and other payables 496,886 559,872 Financial liabilities at fair value through profit or loss 4,242,531 3,409,627 Current tax liability 148,603 305,642 Total current liabilities 4,888,020 9,382,832 Net current assets 62,782,951 69,228,517 Non-current liabilities Borrowings 11,000,000 15,000,000 Deferred tax liabilities 2,384,950 3,511,702 Total non-current liabilities 13,384,950 18,511,702 Net assets 50,598,883 51,827,562 Capital and reserves attributable to equity holders Share capital 437,732 447,145 Reserves Share premium 6,017 6,017 Capital redemption reserve 356,815 347,402 Merger reserve 3,564 3,564 Retained earnings 49,794,755 51,023,434 Total equity 50,598,883 51,827,562 Net asset value per share 79.7 p 80.5 p The Board of Directors approved and authorised the Group’s financial statements for issue on 30 September 2016. Signed on behalf of the Board by: CRW Parish (Director) and RAR Evans (Director). The Annual Report is available at CONSOLIDATED STATEMENT OF CASH FLOW For the year ended 30 June 30 June 2016 30 June 2015 £ £ Operating activities Net loss before tax (615,636) (11,338,951) Adjustments for: Depreciation 1,531 35,437 Foreign exchange losses 175,981 1,081,690
Preliminary-Announcement-30-Jun-16.docx