47HA Investec 5%pf

RNS No 6454p
HAMBROS INVESTMENT TRUST PLC
9th June 1998



PRELIMINARY ANNOUNCEMENT

Profit and loss account for the year ended 31st March, 1998

                                                           1998      1997
                                                           #000      #000

Income from other fixed asset investments                    17        27

Investment (losses) / gains                                 (10)        6

Administrative expenses                                      (4)      (18)

Profit on ordinary activities before taxation                 3        15

Tax on profit on ordinary activities                        (12)      (16)

Loss on ordinary activities after taxation                   (9)       (1)

Dividends on preference stock                               (44)      (44)

Retained loss for the financial year                        (53)      (45)

Losses per ordinary share                                 (0.09) p  (0.08) p

Assets

Net assets                                               29,814    29,867

Non Equity shareholders funds                            (1,645)   (1,645)

Ordinary shareholders funds                              28,169    28,222

Net asset value per ordinary share                        48.78 p   48.87 p


Notes

1. Hambro Group Investments Limited, a wholly-owned subsidiary of Hambros PLC,
owns all of the ordinary shares of the company, #20,427 of the nominal 3.5 per
cent preference stock and #17,718 of the nominal 5 per cent preference stock,
in issue. 

The issued #1,300,000 nominal 3.5 per cent and #345,438 nominal 5 per cent
preference stocks are listed on the London Stock Exchange.

2. In the light of UITF 16 (income & expenses subject to non-standard rates of
tax), which no longer allows grossing-up for notional tax, the directors have
decided that it is not appropriate to gross-up income from other fixed asset
investments for overseas underlying tax. The comparative figures for 31st March
1997 have been adjusted to reflect this.

3. Surplus liquidity arising from time to time was loaned by the company during
the year on an interest free basis to its immediate parent company, Hambro Group
Investments Limited. The loan is repayable upon demand and the company has the
right, at any time and at its sole discretion, to charge interest thereon at a
commercial rate.

4. The current period tax charge includes surplus ACT written off.

5. Losses per ordinary share are calculated on the 57,744,387 shares in issue.

6. No dividend is proposed in respect of the ordinary shares.

7. The above financial information is an abridged version of the company's full
accounts which have not yet been filed with the Registrar of Companies.

8. The Report and Accounts will be posted to holders of preference stocks of the
company and copies are available, upon request, at the Registered Office of the
company.


Registered Office
41 Tower Hill London EC3N 4HA

Registered in England No. 328206


END

FR AKAVKWBKNRAR

Grafico Azioni Investec 5%pf (LSE:47HA)
Storico
Da Gen 2025 a Feb 2025

Grafico Azioni Investec 5%pf (LSE:47HA)
Storico
Da Feb 2024 a Feb 2025