Final Results
Jupiter Int.Green Inv. Trust PLC
9 March 2001
Announcement of Preliminary results for the year ended 31st December 2000
Jupiter International Green Investment Trust PLC
The Company announces that the Annual Report and Accounts for the year ended
31st December 2000 have today been approved by the board and copies of the
directors' report and accounts are expected to be posted to shareholders
shortly
CONSOLIDATED STATEMENT
OF TOTAL RETURN
(Incorporating the revenue Account)
for the year ended 31st December 2000
2000 1999
Revenue Capital Total Revenue Capital Total
(Restated) (Restated)
£'000 £'000 £'000 £'000 £'000 £'000
Gains on investments - 9,658 9,658 - 8,353 8,353
Revaluation of currencies - 1 1 - 1 1
Income from fixed asset 1,218 - 1,218 1,311 - 1,311
investments
Other income 56 - 56 111 - 111
Profit on dealings by 272 - 272 9 - 9
subsidiary
_______ ______ ______ _________ ______ ________
Gross revenue and capital 1,546 9,659 11,205 1,431 8,354 9,785
gains
Management fee (270) (269) (539) (226) (226) (452)
Other expenses (87) (88) (175) (94) (94) (188)
_______ ______ ______ _________ ______ _________
Net return on ordinary 1,189 9,302 10,491 1,111 8,034 9,145
activities
Before finance costs and
taxation
Interest payable on bank (1) - (1) (2) - (2)
overdrafts
_______ ______ ______ _________ ______ _________
Return on ordinary activities 1,188 9,302 10,490 1,109 8,034 9,143
Before tax
Tax on ordinary activities (23) 12 (11) (29) 31 2
_____ ______ _______ _________ ______ ________
Return on ordinary activities 1,165 9,314 10,479 1,080 8,065 9,145
after tax
Return attributable to equity 1,165 5,191 6,356 1,080 4,820 5,900
shares
Return attributable to - 4,123 4,123 - 3,245 3,245
non-equity shares
_______ ______ _______ _________ ______ ________
1,165 9,314 10,479 1,080 8,065 9,145
Dividends payable to equity (951) - (951) (1,229) - (1,229)
shareholders
_______ ______ _______ ________ ______ ________
Transfer to/(from) reserves 214 9,314 9,528 (149) 8,065 7,916
____ ______ ______ ________ ______ _________
Return per Ordinary share 3.92p 17.49p 21.41p 3.83p 17.09p 20.92p
_______ ______ _______ ________ ______ ________
Diluted return per Ordinary __ __ ___ 3.74p 15.97p 19.71p
share
_______ _____ ______ _______ _______ ________
CONSOLIDATED BALANCE SHEET
as at 31st December 2000
2000 1999
£'000 £'000
FIXED ASSETS
Investments 59,347 47,803
CURRENT ASSETS
Investments - 30
Debtors 749 191
Cash at bank 509 1,673
______ _____
1,258 1,894
CREDITORS:
Amounts falling due in less
than one year (589) (800)
______ ______
NET CURRENT ASSETS 669 1,094
______ ______
TOTAL ASSETS LESS CURRENT
LIABILITIES 60,016 48,897
______ ______
CAPITAL AND RESERVES
Called up share capital 7,849 7,435
Share premium 21,147 19,970
Capital reserve - realised 21,002 20,019
Capital reserve - unrealised 9,442 1,111
Revenue reserve 576 362
______ ______
60,016 48,897
______ ______
SHAREHOLDERS' FUNDS:
Equity 25,215 19,265
Non-equity 34,801 29,632
NET ASSET VALUE PER:
ORDINARY SHARE 83.5p 63.6p
ZERO DIVIDEND PREFERENCE SHARE 115.3p 103.6p
UNIT OF ONE ORDINARY SHARE 198.8p 171.0p
AND ONE ZERO DIVIDEND SHARE
CONSOLIDATED CASH FLOW STATEMENT
for the year ended 31st December 2000
2000 1999
£'000 £'000
OPERATING ACTIVITIES
Net cash inflow from operating 255 1,045
Activities _______ _______
SERVICING FINANCE
Interest paid (1) (2)
_______ _______
TAXATION
Tax paid (23) (81)
_______ _______
CAPITAL EXPENDITURE
AND FINANCIAL INVESTMENT
Purchase of fixed asset investments (16,831) (28,018)
Sale of fixed asset investments 15,070 26,574
_______ _______
Net cash outflow from capital expenditure and financial
investment (1,761) (1,444)
_______ _______
EQUITY DIVIDENDS PAID (1,256) (1,172)
_______ _______
Cash outflow before use of liquid (2,786) (1,654)
resources and financing
MANAGEMENT OF LIQUID RESOURCES
Current asset investment dealings 30 7
______ _______
Cash outflow before financing (2,756) (1,647)
FINANCING
Proceeds from issue of share capital 1,591 1,146
_______ _______
Decrease in cash and cash equivalents (1,165) (501)
______ _______
RECONCILIATION OF NET CASHFLOW
TO MOVEMENT IN NET FUNDS
2000
£'000
Decrease in cash in period (1,165)
Cash received to reduce liquid resources (30)
Exchange rate effects 1
_______
Movement in net funds in period (1,194)
Net funds at 1st January 2000 1,703
_______
Net funds at 31st December 2000 509
_______
The figures for the year ended 31st December 2000 do not constitute full
accounts within the meaning of Section 240 of the Companies Act 1985. The
figures for the year ended 31st December 1999 have been extracted from the
full accounts for that year which have been delivered to the Registrar of
Companies and which the auditors have issued an unqualified audit report.
Shareholders will be aware that a circular of recommended payouts for the
winding up and reconstruction of the Company was published on 8th February
2001 and that the Company is expected to be wound up on 20th March 2001
subject to the passing of the special resolution at the forthcoming
Extraordinary Shareholder General Meetings to be held on the 9th and 20th
March 2001.
By order of the Board
Jupiter Asset Management Limited - Secretaries