REG - Athelney Trust plc - Annual Financial Report <Origin Href="QuoteRef">ATTR.L</Origin> - Part 2

Athelney TrustAnnouncement

24/02/2017 07:01

- Part 2: For the preceding part double click  ID:nRSX4518Xa 

by their carrying values in the balance
sheet. 
 
Financial instruments by category 
 
The financial instruments of the Company fall into the following categories 
 
 31 December 2016                      At Amortised Cost£  Assets at fair value through profit or loss£  Total£       
 Assets as per the balance sheet                                                                                      
 Investments                           -                   5,117,268                                     5,117,268    
 Debtors                               256,964             -                                             256,964      
 Cash at bank                          59,133              -                                             59,133       
 Total                                 316,097             5,117,268                                     5,433,365    
                                                                                                                      
 Liabilities as per the balance sheet                                                                                 
 Creditors                             14,832              -                                             14,832       
 Total                                 14,832              -                                             14,832       
 31 December 2015                      At Amortised Cost£  Assets at fair value through profit or loss£  Total£     
 Assets as per the balance sheet                                                                                    
 Investments                           -                   4,709,749                                     4,709,749  
 Debtors                               124,368             -                                             124,368    
 Cash at bank                          39,493              -                                             39,493     
 Total                                 163,861             4,709,749                                     4,873,610  
                                                                                                                    
 Liabilities as per the balance sheet                                                                               
 Creditors                             15,379              -                                             15,379     
 Total                                 15,379              -                                             15,379     
                                                                                                                        
 
 
12. Financial Instruments (continued) 
 
Fair value hierarchy 
 
In accordance with FRS 102, the Company must disclose the fair value hierarchy
of financial instruments. 
 
The fair value hierarchy consists of the following three classifications: 
 
Classification A - Quoted prices in active markets for identical assets or
liabilities. 
 
Quoted in an active market in this context means quoted prices are readily and
regularly available and those prices represent actual and regularly occurring
market transactions on and arm's length basis. 
 
Classification B - The price of a recent transaction for an identical asset,
where quoted prices are unavailable. 
 
The price of a recent transaction for an identical asset provides evidence of
fair value as long as there has not been a significant change in economic
circumstances or a significant lapse of time since the transaction took place.
If it can be demonstrated that the last transaction price is not a good
estimate of fair value (e.g. because it reflects the amount that an entity
would receive or pay in a forced transaction, involuntary liquidation or
distress sale), that price is adjusted. 
 
Classification C - Inputs for the asset or liability that are based on
observable market data and unobservable market data, to estimate what the
transaction price would have been on the measurement data in an arm's length
exchange motivated by normal business considerations. 
 
The Company only holds classification A investments (2015: classification A
investments only). 
 
13. Net Asset Value per Share 
 
The net asset value per share is based on net assets of £5,418,533 (2015:
£4,858,231) divided by 2,157,881 (2015: 1,983,081) ordinary shares in issue at
the year end. 
 
                    2016      2015    
                                      
 Net asset value    251.1p    245.0p  
 
 
14. Dividends paid to directors 
 
During the year the following dividends were paid to the directors of the
Company as a result of their total shareholding: 
 
Mr Robin Boyle                    £32,485² 
 
Dr. Manny Pohl                    £-¹ 
 
Mr Simon Moore                  £2,030 
 
Notes: 
 
1.     Dr Manny Pohl's relationship with Global Masters Fund Limited is
described in Note 1 to the table of Directors' interests on page 29. During
the year a dividend of £23,491 was paid to Global Masters Fund Limited. 
 
2.     This figure includes £30,936 paid to Trehellas House Limited. Mr Robin
Boyle's interest in Trehellas House Limited is described in Note 2 to the
table of Directors' interest on page 29. 
 
For further information: 
 
Robin Boyle, Managing Director 
 
Athelney Trust plc 
 
020 7628 7937 
 
This information is provided by RNS
The company news service from the London Stock Exchange