REG - Westmount Energy Ld - Final Results <Origin Href="QuoteRef">WNRG.L</Origin> - Part 5

Westmount EnergyAnnouncement

14/11/2014 17:40

- Part 5: For the preceding part double click  ID:nRSN1233Xd 

                          
 value                                                                                                                                                                                                                                                                  
 through                                                                                                                                                                                                                                                                
 profit or                                                                                                                                                                                                                                                              
 loss. To                                                                                                                                                                                                                                                               
 manage its                                                                                                                                                                                                                                                              
 price risk                                                                                                                                                                                                                                                              
 management                                                                                                                                                                                                                                                              
 closely                                                                                                                                                                                                                                                                
 monitor                                                                                                                                                                                                                                                                
 the                                                                                                                                                                                                                                                                    
 activities                                                                                                                                                                                                                                                              
 of the                                                                                                                                                                                                                                                                 
 underlying                                                                                                                                                                                                                                                              
 investment                                                                                                                                                                                                                                                              
 s.                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                        
 The                                                                                                                                                                                                                                                                    
 Company's                                                                                                                                                                                                                                                              
 exposure                                                                                                                                                                                                                                                               
 to price                                                                                                                                                                                                                                                               
 risk is as                                                                                                                                                                                                                                                              
 follows:                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                     Fair Value                        
 Fair Value                                                                                                                                                                                                                                                                                                           682,888                           
 Through                                                                                                                                                                                                                                                                                                                                               
 Profit or                                                                                                                                                                                                                                                                                                                                             
 Loss, as                                                                                                                                                                                                                                                                                                                                              
 at 30 June                                                                                                                                                                                                                                                                                                                                             
 2014                                                                                                                                                                                                                                                                                                                                                  
 Fair Value                                                                                                                                                                                                                                                                                                           746,175                           
 Through                                                                                                                                                                                                                                                                                                                                               
 Profit or                                                                                                                                                                                                                                                                                                                                             
 Loss, as                                                                                                                                                                                                                                                                                                                                              
 at 30 June                                                                                                                                                                                                                                                                                                                                             
 2013                                                                                                                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                                        
 The                                                                                                                                                                                                                                                                    
 Company's                                                                                                                                                                                                                                                              
 investment                                                                                                                                                                                                                                                              
 s are all                                                                                                                                                                                                                                                              
 publicly                                                                                                                                                                                                                                                               
 traded and                                                                                                                                                                                                                                                              
 listed on                                                                                                                                                                                                                                                              
 either the                                                                                                                                                                                                                                                              
 Alternativ                                                                                                                                                                                                                                                              
 e                                                                                                                                                                                                                                                                      
 Investment                                                                                                                                                                                                                                                              
 Market                                                                                                                                                                                                                                                                 
 ("AIM") or                                                                                                                                                                                                                                                              
 on the                                                                                                                                                                                                                                                                 
 Australian                                                                                                                                                                                                                                                              
 Stock                                                                                                                                                                                                                                                                  
 Exchange.                                                                                                                                                                                                                                                              
 The                                                                                                                                                                                                                                                                    
 Company's                                                                                                                                                                                                                                                              
 sensitivit                                                                                                                                                                                                                                                              
 y to a 15%                                                                                                                                                                                                                                                              
 increase/(                                                                                                                                                                                                                                                              
 decrease)                                                                                                                                                                                                                                                              
 in market                                                                                                                                                                                                                                                              
 price                                                                                                                                                                                                                                                                  
 would be                                                                                                                                                                                                                                                               
 £102,433/(                                                                                                                                                                                                                                                              
 £102,433)                                                                                                                                                                                                                                                              
 (2013:                                                                                                                                                                                                                                                                 
 £111,926/(                                                                                                                                                                                                                                                              
 £111,926))                                                                                                                                                                                                                                                              
 . A                                                                                                                                                                                                                                                                    
 positive                                                                                                                                                                                                                                                               
 number                                                                                                                                                                                                                                                                 
 indicates                                                                                                                                                                                                                                                              
 an                                                                                                                                                                                                                                                                     
 increase                                                                                                                                                                                                                                                               
 in the net                                                                                                                                                                                                                                                              
 assets                                                                                                                                                                                                                                                                 
 attributab                                                                                                                                                                                                                                                              
 le to                                                                                                                                                                                                                                                                  
 ordinary                                                                                                                                                                                                                                                               
 shareholde                                                                                                                                                                                                                                                              
 rs and a                                                                                                                                                                                                                                                               
 negative                                                                                                                                                                                                                                                               
 number                                                                                                                                                                                                                                                                 
 indicates                                                                                                                                                                                                                                                              
 a                                                                                                                                                                                                                                                                      
 decrease.                                                                                                                                                                                                                                                              
 The 15%                                                                                                                                                                                                                                                                
 increase/(                                                                                                                                                                                                                                                              
 decrease)                                                                                                                                                                                                                                                              
 on the net                                                                                                                                                                                                                                                              
 assets                                                                                                                                                                                                                                                                 
 attributab                                                                                                                                                                                                                                                              
 le to                                                                                                                                                                                                                                                                  
 ordinary                                                                                                                                                                                                                                                               
 shareholde                                                                                                                                                                                                                                                              
 rs would                                                                                                                                                                                                                                                               
 have the                                                                                                                                                                                                                                                               
 same                                                                                                                                                                                                                                                                   
 impact on                                                                                                                                                                                                                                                              
 the post                                                                                                                                                                                                                                                               
 tax profit                                                                                                                                                                                                                                                              
 for the                                                                                                                                                                                                                                                                
 year. 15%                                                                                                                                                                                                                                                              
 represents                                                                                                                                                                                                                                                              
 management                                                                                                                                                                                                                                                              
 's                                                                                                                                                                                                                                                                     
 assessment                                                                                                                                                                                                                                                              
 of a                                                                                                                                                                                                                                                                   
 reasonably                                                                                                                                                                                                                                                              
 possible                                                                                                                                                                                                                                                               
 change in                                                                                                                                                                                                                                                              
 the market                                                                                                                                                                                                                                                              
 prices.                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                        
 iii)                                                                                                                                                                                                                                                                   
 Interest                                                                                                                                                                                                                                                               
 rate                                                                                                                                                                                                                                                                   
 riskIntere                                                                                                                                                                                                                                                              
 st rate                                                                                                                                                                                                                                                                
 risk is                                                                                                                                                                                                                                                                
 the risk                                                                                                                                                                                                                                                               
 that the                                                                                                                                                                                                                                                               
 fair value                                                                                                                                                                                                                                                              
 or future                                                                                                                                                                                                                                                              
 cash flows                                                                                                                                                                                                                                                              
 of a                                                                                                                                                                                                                                                                   
 financial                                                                                                                                                                                                                                                              
 instrument                                                                                                                                                                                                                                                              
 will                                                                                                                                                                                                                                                                   
 fluctuate                                                                                                                                                                                                                                                              
 because of                                                                                                                                                                                                                                                              
 changes in                                                                                                                                                                                                                                                              
 market                                                                                                                                                                                                                                                                 
 interest                                                                                                                                                                                                                                                               
 rates. The                                                                                                                                                                                                                                                              
 Company is                                                                                                                                                                                                                                                              
 not                                                                                                                                                                                                                                                                    
 significan                                                                                                                                                                                                                                                              
 tly                                                                                                                                                                                                                                                                    
 exposed to                                                                                                                                                                                                                                                              
 interest                                                                                                                                                                                                                                                               
 rate risk                                                                                                                                                                                                                                                              
 as it does                                                                                                                                                                                                                                                              
 not have                                                                                                                                                                                                                                                               
 any                                                                                                                                                                                                                                                                    
 borrowings                                                                                                                                                                                                                                                              
 , however,                                                                                                                                                                                                                                                              
 the                                                                                                                                                                                                                                                                    
 Company                                                                                                                                                                                                                                                                
 does have                                                                                                                                                                                                                                                              
 short term                                                                                                                                                                                                                                                              
 (<3                                                                                                                                                                                                                                                                    
 months)                                                                                                                                                                                                                                                                
 cash                                                                                                                                                                                                                                                                   
 deposits,                                                                                                                                                                                                                                                              
 which                                                                                                                                                                                                                                                                  
 exposes                                                                                                                                                                                                                                                                
 the                                                                                                                                                                                                                                                                    
 Company to                                                                                                                                                                                                                                                              
 effects of                                                                                                                                                                                                                                                              
 fluctuatio                                                                                                                                                                                                                                                              
 ns in the                                                                                                                                                                                                                                                              
 prevailing                                                                                                                                                                                                                                                              
 levels of                                                                                                                                                                                                                                                              
 market                                                                                                                                                                                                                                                                 
 interest                                                                                                                                                                                                                                                               
 rates on                                                                                                                                                                                                                                                               
 its cash                                                                                                                                                                                                                                                               
 flow.   An                                                                                                                                                                                                                                                              
 increase                                                                                                                                                                                                                                                               
 in the                                                                                                                                                                                                                                                                 
 interest                                                                                                                                                                                                                                                               
 rates of                                                                                                                                                                                                                                                               
 1% would                                                                                                                                                                                                                                                               
 cause the                                                                                                                                                                                                                                                              
 Company's                                                                                                                                                                                                                                                              
 net                                                                                                                                                                                                                                                                    
 financial                                                                                                                                                                                                                                                              
 assets to                                                                                                                                                                                                                                                              
 increase                                                                                                                                                                                                                                                               
 by £769                                                                                                                                                                                                                                                                
 (2013:£2,2                                                                                                                                                                                                                                                              
 66). An                                                                                                                                                                                                                                                                
 equal                                                                                                                                                                                                                                                                  
 change in                                                                                                                                                                                                                                                              
 the                                                                                                                                                                                                                                                                    
 opposite                                                                                                                                                                                                                                                               
 direction                                                                                                                                                                                                                                                              
 would have                                                                                                                                                                                                                                                              
 decreased                                                                                                                                                                                                                                                              
 the net                                                                                                                                                                                                                                                                
 assets                                                                                                                                                                                                                                                                 
 attributab                                                                                                                                                                                                                                                              
 le to                                                                                                                                                                                                                                                                  
 shareholde                                                                                                                                                                                                                                                              
 rs by an                                                                                                                                                                                                                                                               
 equal but                                                                                                                                                                                                                                                              
 opposite                                                                                                                                                                                                                                                               
 amount. 1%                                                                                                                                                                                                                                                              
 represents                                                                                                                                                                                                                                                              
 the                                                                                                                                                                                                                                                                    
 management                                                                                                                                                                                                                                                              
 's                                                                                                                                                                                                                                                                     
 assessment                                                                                                                                                                                                                                                              
 of a                                                                                                                                                                                                                                                                   
 reasonably                                                                                                                                                                                                                                                              
 possible                                                                                                                                                                                                                                                               
 change in                                                                                                                                                                                                                                                              
 interest                                                                                                                                                                                                                                                               
 rates. The