REG - Close Bros Grp PLC - Half Yearly Report <Origin Href="QuoteRef">CBRO.L</Origin> - Part 4

Close BrothersAnnouncement

10/03/2015 07:12

- Part 4: For the preceding part double click  ID:nRSJ9551Gc 

   -          -          33.2       
 Fair value through profit or loss                           0.1        -          -          0.1        
 Available for sale                                          -          -          11.7       11.7       
 Derivative financial instruments                            -          49.5       -          49.5       
                                                                                                         
                                                             75.6       53.7       11.7       141.0      
                                                                                                         
 Liabilities                                                                                             
 Short positions:                                                                                        
 Debt securities                                             9.9        2.9        -          12.8       
 Equity shares                                               11.4       -          -          11.4       
 Derivative financial instruments                            -          13.2       -          13.2       
                                                                                                         
                                                             21.3       16.1       -          37.4       
                                                                                                           
 
 
                                                             Level 1    Level 2    Level 3    Total      
                                                             £ million  £ million  £ million  £ million  
 At 31 January 2014                                                                                      
 Assets                                                                                                  
 Debt securities:                                                                                        
 Long trading positions in debt securities held for trading  52.7       5.2        -          57.9       
 Gilts classified as available for sale                      46.1       -          -          46.1       
 Equity shares:                                                                                          
 Held for trading                                            53.2       -          -          53.2       
 Fair value through profit or loss                           0.1        -          0.2        0.3        
 Available for sale                                          -          -          25.9       25.9       
 Derivative financial instruments                            0.6        55.7       -          56.3       
                                                                                                         
                                                             152.7      60.9       26.1       239.7      
                                                                                                         
 Liabilities                                                                                             
 Short positions:                                                                                        
 Debt securities                                             34.6       4.4        -          39.0       
 Equity shares                                               15.9       -          -          15.9       
 Derivative financial instruments                            -          44.4       -          44.4       
                                                                                                         
                                                             50.5       48.8       -          99.3       
                                                                                                           
 
 
                                                             Level 1    Level 2    Level 3    Total      
                                                             £ million  £ million  £ million  £ million  
 At 31 July 2014                                                                                         
 Assets                                                                                                  
 Debt securities:                                                                                        
 Long trading positions in debt securities held for trading  45.9       2.7        -          48.6       
 Gilts classified as available for sale                      45.6       -          -          45.6       
 Equity shares:                                                                                          
 Held for trading                                            56.5       -          -          56.5       
 Fair value through profit or loss                           -          -          0.1        0.1        
 Available for sale                                          -          -          19.5       19.5       
 Derivative financial instruments                            0.4        27.4       -          27.8       
                                                                                                         
                                                             148.4      30.1       19.6       198.1      
                                                                                                         
 Liabilities                                                                                             
 Short positions:                                                                                        
 Debt securities                                             31.1       3.2        -          34.3       
 Equity shares                                               15.6       -          -          15.6       
 Derivative financial instruments                            -          19.5       -          19.5       
                                                                                                         
                                                             46.7       22.7       -          69.4       
                                                                                                           
 
 
There were no significant transfers between Level 1 and 2 during the periods. 
 
Movements in financial assets categorised as Level 3 during the periods were: 
 
                                                               Equity shares       
                                                               Available for sale  Fair value through profit/(loss)  
                                                               £ million           £ million                         
 At 1 August 2013                                              27.1                0.6                               
 Total gains recognised in the consolidated income statement   -                   0.2                               
 Total gains recognised in other comprehensive income          1.4                 -                                 
 Purchases and issues                                          0.1                 -                                 
 Sales and settlements                                         (2.7)               (0.6)                             
                                                                                                                     
 At 31 January 2014                                            25.9                0.2                               
 Total losses recognised in the consolidated income statement  -                   (0.2)                             
 Total losses recognised in other comprehensive income         (0.9)               -                                 
 Purchases and issues                                          -                   0.1                               
 Sales and settlements                                         (5.5)               -                                 
                                                                                                                     
 At 31 July 2014                                               19.5                0.1                               
 Total gains recognised in the consolidated income statement   -                   -                                 
 Total losses recognised in other comprehensive income         (0.7)               -                                 
 Purchases and issues                                          -                   -                                 
 Sales and settlements                                         (7.1)               -                                 
 Transfers out                                                 -                   (0.1)                             
                                                                                                                     
 At 31 January 2015                                            11.7                -                                 
 
 
There were no gains/(losses) recognised in the consolidated income statement relating to instruments held at 31 January
2015 (31 January 2014: £nil; 31 July 2014: £nil). 
 
Cautionary Statement 
 
Certain statements included or incorporated by reference within this announcement may constitute "forward-looking
statements" in respect of the group's operations, performance, prospects and/or financial condition.  Forward-looking
statements are sometimes, but not always, identified by their use of a date in the future or such words as "anticipates",
"aims", "due", "could", "may", "will", "should", "expects", "believes", "intends", "plans", "potential", "targets", "goal"
or "estimates". By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions and
actual results or events may differ materially from those expressed or implied by those statements. Accordingly, no
assurance can be given that any particular expectation will be met and reliance should not be placed on any forward-looking
statement. Additionally, forward-looking statements regarding past trends or activities should not be taken as a
representation that such trends or activities will continue in the future. No responsibility or obligation is accepted to
update or revise any forward-looking statement resulting from new information, future events or otherwise. Nothing in this
announcement should be construed as a profit forecast. This announcement does not constitute or form part of any offer or
invitation to sell, or any solicitation of any offer to purchase any shares or other securities in the company, nor shall
it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or
commitment or investment decisions relating thereto, nor does it constitute a recommendation regarding the shares and other
securities of the company. Past performance cannot be relied upon as a guide to future performance and persons needing
advice should consult an independent financial adviser. Statements in this announcement reflect the knowledge and
information available at the time of its preparation.  Liability arising from anything in this announcement shall be
governed by English Law.  Nothing in this announcement shall exclude any liability under applicable laws that cannot be
excluded in accordance with such laws. 
 
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