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REG - Westmount Energy Ld - Final Results <Origin Href="QuoteRef">WNRG.L</Origin> - Part 8

- Part 8: For the preceding part double click  ID:nRSN1233Xg 


 markets,                                                                                                                                                                                                                                                               
 which are                                                                                                                                                                                                                                                              
 either                                                                                                                                                                                                                                                                 
 directly                                                                                                                                                                                                                                                               
 or                                                                                                                                                                                                                                                                     
 indirectly                                                                                                                                                                                                                                                              
 observable                                                                                                                                                                                                                                                              
 as of the                                                                                                                                                                                                                                                              
 reporting                                                                                                                                                                                                                                                              
 date, and                                                                                                                                                                                                                                                              
 fair value                                                                                                                                                                                                                                                              
 is                                                                                                                                                                                                                                                                     
 determined                                                                                                                                                                                                                                                              
 through                                                                                                                                                                                                                                                                
 the use of                                                                                                                                                                                                                                                              
 models or                                                                                                                                                                                                                                                              
 other                                                                                                                                                                                                                                                                  
 valuation                                                                                                                                                                                                                                                              
 methodolog                                                                                                                                                                                                                                                              
 ies.                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                        
 Level III                                                                                                                                                                                                                                                               
 - Inputs                                                                                                                                                                                                                                                               
 are                                                                                                                                                                                                                                                                    
 unobservab                                                                                                                                                                                                                                                              
 le for the                                                                                                                                                                                                                                                              
 investment                                                                                                                                                                                                                                                              
 and                                                                                                                                                                                                                                                                    
 include                                                                                                                                                                                                                                                                
 situations                                                                                                                                                                                                                                                              
 where                                                                                                                                                                                                                                                                  
 there is                                                                                                                                                                                                                                                               
 little, if                                                                                                                                                                                                                                                              
 any,                                                                                                                                                                                                                                                                   
 market                                                                                                                                                                                                                                                                 
 activity                                                                                                                                                                                                                                                               
 for the                                                                                                                                                                                                                                                                
 investment                                                                                                                                                                                                                                                              
 .  The                                                                                                                                                                                                                                                                 
 inputs                                                                                                                                                                                                                                                                 
 into the                                                                                                                                                                                                                                                               
 determinat                                                                                                                                                                                                                                                              
 ion of                                                                                                                                                                                                                                                                 
 fair value                                                                                                                                                                                                                                                              
 require                                                                                                                                                                                                                                                                
 significan                                                                                                                                                                                                                                                              
 t                                                                                                                                                                                                                                                                      
 management                                                                                                                                                                                                                                                              
 judgment                                                                                                                                                                                                                                                               
 or                                                                                                                                                                                                                                                                     
 estimation                                                                                                                                                                                                                                                              
 .                                                                                                                                                                                                                                                                      
 The                                                                                                                                                                                                                                                                    
 investment                                                                                                                                                                                                                                                              
 s held by                                                                                                                                                                                                                                                              
 the                                                                                                                                                                                                                                                                    
 Company                                                                                                                                                                                                                                                                
 fall                                                                                                                                                                                                                                                                   
 within                                                                                                                                                                                                                                                                 
 Level 1 as                                                                                                                                                                                                                                                              
 they are                                                                                                                                                                                                                                                               
 valued by                                                                                                                                                                                                                                                              
 unadjusted                                                                                                                                                                                                                                                              
 quoted                                                                                                                                                                                                                                                                 
 prices.                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                        
 NOTES TO                                                                                                                                                                                                                                                               
 THE                                                                                                                                                                                                                                                                    
 FINANCIAL                                                                                                                                                                                                                                                              
 STATEMENTS                                                                                                                                                                                                                                                              
 (Continued                                                                                                                                                                                                                                                              
 )FOR THE                                                                                                                                                                                                                                                               
 YEAR ENDED                                                                                                                                                                                                                                                              
 30 JUNE                                                                                                                                                                                                                                                                
 2014                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                        
 12.                                                                                                                                                                                                                                                                     
 DIRECTORS'                                                                                                                                                                                                                                                              
 REMUNERATI                                                                                                                                                                                                                                                              
 ON                                                                                                                                                                                                                                                                     
 2014                                                                                                                                                                                                                                                                   
 Directors'                                                                                                                                                                                                                                                              
 fees £ P J                                                                                                                                                                                                                                                              
 Richardson                                                                                                                                                                                                                                                              
 11,375 D R                                                                                                                                                                                                                                                              
 King                                                                                                                                                                                                                                                                   
 15,000 M                                                                                                                                                                                                                                                               
 Bradlow                                                                                                                                                                                                                                                                
 20,750                                                                                                                                                                                                                                                                 
 47,125                                                                                                                                                                                                                                                                 
 2013                                                                                                                                                                                                                                                                   
 Directors'                                                                                                                                                                                                                                                              
 fees £ P J                                                                                                                                                                                                                                                              
 Richardson                                                                                                                                                                                                                                                              
 18,750 D R                                                                                                                                                                                                                                                              
 King                                                                                                                                                                                                                                                                   
 15,220 G                                                                                                                                                                                                                                                               
 Walsh                                                                                                                                                                                                                                                                  
 (Chairman)                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                        
 12,500 T P                                                                                                                                                                                                                                                              
 O'Gorman                                                                                                                                                                                                                                                               
 12,500 M                                                                                                                                                                                                                                                               
 Bradlow                                                                                                                                                                                                                                                                
 37,500                                                                                                                                                                                                                                                                 
 96,470                                                                                                                                                                                                                                                                 
 During the                                                                                                                                                                                                                                                              
 year Mr                                                                                                                                                                                                                                                                
 Peter                                                                                                                                                                                                                                                                  
 Richardson                                                                                                                                                                                                                                                              
 , a                                                                                                                                                                                                                                                                    
 director                                                                                                                                                                                                                                                               
 of the                                                                                                                                                                                                                                                                 
 Company,                                                                                                                                                                                                                                                               
 has sold                                                                                                                                                                                                                                                               
 200,000                                                                                                                                                                                                                                                                
 ordinary                                                                                                                                                                                                                                                               
 shares                                                                                                                                                                                                                                                                 
 which were                                                                                                                                                                                                                                                              
 subsequent                                                                                                                                                                                                                                                              
 ly                                                                                                                                                                                                                                                                     
 purchased                                                                                                                                                                                                                                                              
 by Godrevy                                                                                                                                                                                                                                                              
 Holdings                                                                                                                                                                                                                                                               
 Limited,                                                                                                                                                                                                                                                               
 Mr                                                                                                                                                                                                                                                                     
 Richardson                                                                                                                                                                                                                                                              
 's                                                                                                                                                                                                                                                                     
 personal                                                                                                                                                                                                                                                               
 investment                                                                                                                                                                                                                                                              
 company.                                                                                                                                                                                                                                                               
 Each of                                                                                                                                                                                                                                                                
 these                                                                                                                                                                                                                                                                  
 transactio                                                                                                                                                                                                                                                              
 ns                                                                                                                                                                                                                                                                     
 completed                                                                                                                                                                                                                                                              
 on 10                                                                                                                                                                                                                                                                  
 April 2014                                                                                                                                                                                                                                                              
 at a price                                                                                                                                                                                                                                                              
 of 17.5                                                                                                                                                                                                                                                                
 pence per

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