REG-BlackRock Throg Tst: Final Results <Origin Href="QuoteRef">THRG.L</Origin> - Part 4

Blackrock Throgmorton TrustAnnouncement

10/02/2017 13:45

- Part 4: For the preceding part double click  ID:nPRrA663Ec 

is determined on the basis of
the lowest level input that is significant to the fair value measurement in
its entirety.

For this purpose, the significance of an input is assessed against the fair
value measurement in its entirety. If a fair value measurement uses observable
inputs that require significant adjustment based on unobservable inputs, that
measurement is a Level 3 measurement. Assessing the significance of a
particular input to the fair value measurement in its entirety requires
judgement, considering factors specific to the asset or liability.

The investment manager considers observable data to be that market data that
is readily available, regularly distributed or updated, reliable and
verifiable, not proprietary, and provided by independent sources that are
actively involved in the relevant market.

Contracts for difference have been classified as Level 2 investments as their
valuation has been based on market observable inputs represented by the
underlying quoted securities to which these contracts expose the Company.

The table below sets out fair value measurements using the IFRS 13 fair value
hierarchy.

 Financial assets/(liabilities) at fair value through profit or loss at 30 November 2016      Level 1 £’000     Level 2 £’000     Level 3 £’000     Total £’000 
                                                                                                                                                                
 Assets:                                                                                                                                                        
 Equity investments                                                                                 297,072                 –                 –         297,072 
 Contracts for difference (gross exposure on long positions)                                              –            56,467                 –          56,467 
 Liabilities:                                                                                                                                                   
 Index futures – (gross exposure on short positions)                                                      –           (2,452)                 –         (2,452) 
 Contracts for difference (gross exposure on short positions)                                             –          (23,260)                 –        (23,260) 
                                                                                                 ----------         ---------       -----------     ----------- 
                                                                                                    297,072            30,755                 –         327,827 
                                                                                                     ======             =====            ======          ====== 

   

 Financial assets/(liabilities) at fair value through profit or loss at 30 November 2015      Level 1 £’000     Level 2 £’000     Level 3 £’000     Total £’000 
                                                                                                                                                                
 Assets:                                                                                                                                                        
 Equity investments                                                                                 287,220                 –                 –         287,220 
 Contracts for difference (gross exposure on long positions)                                              –            42,580                 –          42,580 
 Liabilities:                                                                                                                                                   
 Contracts for difference (gross exposure on short positions)                                             –          (26,256)                 –        (26,256) 
                                                                                                 ----------         ---------       -----------     ----------- 
                                                                                                    287,220            16,324                 –         303,544 
                                                                                                     ======             =====            ======          ====== 

There were no transfers between levels for financial assets and financial
liabilities during the year recorded at fair value as at 30 November 2016 and
30 November 2015. The Company did not hold any level 3 securities throughout
the financial year or as at 30 November 2016 (2015: nil).

11. CONTINGENT LIABILITIES

There were no contingent liabilities at 30 November 2016 (2015: nil).

12. PUBLICATION OF NON STATUTORY ACCOUNTS

The financial information contained in this announcement does not constitute
statutory accounts as defined in the Companies Act 2006.  The 2016 Annual
Report and Financial Statements will be filed with the Registrar of Companies
shortly.

The report of the Auditor for the year ended 30 November 2016 contains no
qualification or statement under section 498(2) or (3) of the Companies Act
2006.

The comparative figures are extracts from the audited financial statements of
BlackRock Throgmorton Trust plc for the year ended 30 November 2015, which
have been filed with the Registrar of Companies.  The report of the Auditor
on those financial statements contained no qualification or statement under
section 498 of the Companies Act.

This announcement was approved by the Board of Directors on 10 February 2017.

13. ANNUAL REPORT

Copies of the Annual Report and Financial Statements will be sent to members
shortly and will be available from the registered office, c/o The Company
Secretary, BlackRock Throgmorton Trust plc, 12 Throgmorton Avenue, London EC2N
2DL. 

14. ANNUAL GENERAL MEETING

The Annual General Meeting of the Company will be held at 12 Throgmorton
Avenue, London EC2N 2DL on Wednesday, 22 March 2017 at 11.00 a.m.

ENDS

The Annual Report will also be available on the BlackRock website at
blackrock.co.uk/thrg.  Neither the contents of the Manager’s website nor
the contents of any website accessible from hyperlinks on the Manager’s
website (or any other website) is incorporated into, or forms part of, this
announcement.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Mark Johnson, Managing Director, Closed End Funds, BlackRock Investment
Management (UK) Limited
Tel: 020 7743 5284

Mike Prentis, BlackRock Investment Management (UK) Limited
Tel: 020 7743 2312

Dan Whitestone, BlackRock Investment Management (UK) Limited
Tel: 020 7743 3317

Press Enquiries:

Lucy Horne, Lansons Communications – Tel:  020 7294 3689
E-mail:  lucyh@lansons.com

10 February 2017

12 Throgmorton Avenue
London EC2N 2DL



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