REG - ICG Enterprise Trust - Unaudited results for year ended 31 January 2016 <Origin Href="QuoteRef">ICGT.L</Origin> - Part 3

ICG Enterprise TrustAnnouncement

15/04/2016 07:05

- Part 3: For the preceding part double click  ID:nRSO2863Vb 

(1,226)                  51,274    
 Disposals                                                                                                   (77,790)                                                              (6,860)                                                            -                        (84,650)  
 Gains and losses recognised in profit or loss                                                               16,937                                                                14,322                                                             2,177                    33,436    
 Closing balance                                                                                             272,495                                                               84,444                                                             57,168                   414,107   
 Total gains for the period included in income statement for assets held at the end of the reporting period  16,937                                                                14,322                                                             2,177                    33,436    
 
 
The following tables present the assets that are measured at fair value. The
Company did not have any financial liabilities measured at fair value at these
dates. 
 
 31 January 2016                       Level 1  Level 2  Level 3  
                                       £'000    £'000    £'000    
 Investments held at fair value                                   
 Unquoted investments - indirect       -        -        272,495  
 Unquoted investments - direct         -        -        84,444   
 Quoted investments - direct           -        -        -        
 Subsidiary undertakings               -        -        57,168   
 Total investments held at fair value  -        -        414,107  
 
 
 31 January 2015                       Level 1  Level 2  Level 3  
                                       £'000    £'000    £'000    
 Investments held at fair value                                   
 Unquoted investments - indirect       -        -        289,491  
 Unquoted investments - direct         -        -        68,339   
 Quoted investments - direct           4,962    -        -        
 Subsidiary undertakings               -        -        56,217   
 Total investments held at fair value  4,962    -        414,047  
 
 
There have been no significant transfers between levels 1, 2 and 3 for the
year ended 31 January 2016 (31 January 2015: £nil). 
 
13 RELATED PARTY TRANSACTIONS 
 
Transactions between the Company and the Former Manager are disclosed in note
4. Significant transactions between the Company and its subsidiaries are shown
below: 
 
                                                                              Year ended 31 January2016     Year ended 31 January2015          
 Subsidiary                                    Nature of transaction          £'000                         £'000                              
 ICG Enterprise Trust Limited Partnership      Increase in loan to Company    3,549                         17,554                             
                                               Income allocated               875                           1,261                              
                                                                                                                                               
 ICG Enterprise Trust (2) Limited Partnership  Increase in loan from Company  2,325                         9,591                              
                                               Income allocated               1,284                         797                                
                                               Amounts owed by subsidiaries   Amounts owed to subsidiaries  
 31 January2016                                31 January2015                 31 January2016                31 January2015             
 Subsidiary                                    £'000                          £'000                         £'000                      £'000   
 ICG Enterprise Trust Limited Partnership      -                              -                             25,371                     21,822  
 ICG Enterprise Trust (2) Limited Partnership  35,678                         33,353                        -                          -       
 
 
Amounts owed by subsidiaries represent funding provided by the Company to its
subsidiaries to allow them to make investments. The balances will be repaid
out of proceeds from their portfolios. 
 
END 
 
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