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
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