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

Westmount EnergyAnnouncement

25/11/2016 15:15

- Part 5: For the preceding part double click  ID:nRSY2182Qd 

                                                                                                                                                                                                                                       
 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                                                                                                                                                                                                                                                                                                           216,299                           
 Through                                                                                                                                                                                                                                                                                                                                               
 Profit or                                                                                                                                                                                                                                                                                                                                             
 Loss, as                                                                                                                                                                                                                                                                                                                                              
 at 30 June                                                                                                                                                                                                                                                                                                                                             
 2016                                                                                                                                                                                                                                                                                                                                                  
 Fair Value                                                                                                                                                                                                                                                                                                           536,821                           
 Through                                                                                                                                                                                                                                                                                                                                               
 Profit or                                                                                                                                                                                                                                                                                                                                             
 Loss, as                                                                                                                                                                                                                                                                                                                                              
 at 30 June                                                                                                                                                                                                                                                                                                                                             
 2015                                                                                                                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                                        
 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                                                                                                                                                                                                                                                               
 £32,445/(£                                                                                                                                                                                                                                                              
 32,445)                                                                                                                                                                                                                                                                
 (2015:                                                                                                                                                                                                                                                                 
 £80,523/(£                                                                                                                                                                                                                                                              
 80,523)).                                                                                                                                                                                                                                                              
 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                                                                                                                                                                                                                                                               
 0.5%                                                                                                                                                                                                                                                                   
 (2015: 1%)                                                                                                                                                                                                                                                              
 would                                                                                                                                                                                                                                                                  
 cause the                                                                                                                                                                                                                                                              
 Company's                                                                                                                                                                                                                                                              
 net                                                                                                                                                                                                                                                                    
 financial                                                                                                                                                                                                                                                              
 assets to                                                                                                                                                                                                                                                              
 increase                                                                                                                                                                                                                                                               
 by £2,014                                                                                                                                                                                                                                                              
 (2015:                                                                                                                                                                                                                                                                 
 £73). An                                                                                                                                                                                                                                                               
 equal                                                                                                                                                                                                                                                                  
 change in                                                                                                                                                                                                                                                              
 the                                                                                                                                                                                                                                                                    
 opposite                                                                                                                                                                                                                                                               
 direction                                                                                                                                                                                                                                                              
 would have                                                                                                                                                                                                                                                              
 decreased                                                                                                                                                                                                                                                              
 the net                                                                                                                                                                                                                                                                
 assets                                                                                                                                                                                                                                                                 
 attributab                                                                                                                                                                                                                                                              
 le to                                                                                                                                                                                                                                                                  
 shareholde                                                                                                                                                                                                                                                              
 rs by an                                                                                                                                                                                                                                                               
 equal but                                                                                                                                                                                                                                                              
 opposite                                                                                                                                                                                                                                                               
 amount.                                                                                                                                                                                                                                                                
 0.5%                                                                                                                                                                                                                                                                   
 represents                                                                                                                                                                                                                                                              
 the                                                                                                                                                                                                                                                                    
 management                                                                                                                                                                                                                                                              
 's                                                                                                                                                                                                                                                                     
 assessment                                                                                                                                                                                                                                                              
 of a                                                                                                                                                                                                                                                                   
 reasonably                                                                                                                                                                                                                                                              
 possible                                                                                                                                                                                                                                                               
 change in                                                                                                                                                                                                                                                              
 interest                                                                                                                                                                                                                                                               
 rates.                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                        
 The                                                                                                                                                                                                                                                                    
 following                                                                                                                                                                                                                                                              
 table                                                                                                                                                                                                                                                                  
 summarises                                                                                                                                                                                                                                                              
 the                                                                                                                                                                                                                                                                    
 Company's                                                                                                                                                                                                                                                              
 exposure                                                                                                                                                                                                                                                               
 to                                                                                                                                                                                                                                                                     
 interest                                                                                                                                                                                                                                                               
 rate                                                                                                                                                                                                                                                                   
 risks:                                                                                                                                                                                                                                                                 
 Interest                                                                                                                                                                                                                                        

- More to follow, for following part double click  ID:nRSY2182Qf