IBIS Media VCT 1 plc Half Yearly Report -6-

  from taxation                            -                     2,417                     2,400 
----------------------  ---------  ---------  ------------  ----------  ----------  ------------ 
 
 Dividends 
 Equity dividends 
  paid                          -                        -               (157,044) 
 Net cash outflow 
  from dividends                           -                         -                 (157,044) 
----------------------  ---------  ---------  ------------  ----------  ----------  ------------ 
 
 Net cash outflow 
  before financing                  (53,553)                 (198,574)                 (463,480) 
 
 Financing 
 New share issue                           -     1,814,033                 691,577 
 Share issue 
  expenses                           (1,470)      (43,381)                (61,385) 
 Share buyback                             -   (1,186,208)                (81,307) 
 Net cash inflow 
  from financing                     (1,470)                   584,444                   548,885 
----------------------  ---------  ---------  ------------  ----------  ----------  ------------ 
 Increase in 
  cash                              (55,023)                   385,870                    85,405 
----------------------  ---------  ---------  ------------  ----------  ----------  ------------ 
 
 

Notes to the Interim Financial Statements

 
 1.   Accounting Policies 
      The unaudited interim financial statements 
       which cover the six months ended 31 July 2013 
       have been prepared in accordance with applicable 
       accounting standards and adopting the accounting 
       policies set out in the statutory financial 
       statements of the Company for the year ended 
       31 January 2013. 
 
 2.   Return per Share 
      The return per share has been calculated based 
       on a weighted average number of shares in 
       issue for the six months ended 31 July 2013 
       of 10,408,825 (31 July 2012: 9,889,687). 
 
 3.   Net Asset Value per Share 
      The net asset value per share has been calculated 
       based on 10,403,906 shares being the number 
       of shares in issue as at 31 July 2013 (31 
       July 2012: 10,469,611). 
 
 4.   During the six months ended 31 July 2013 the 
       Company bought back 494,403 ordinary shares 
       in accordance with the terms of the SRRP Tender 
       Offer and issued 479,564 ordinary shares in 
       accordance with the terms of the SRRP Open 
       Offer as a result of the reinvestment of the 
       proceeds arising from the sale of shares under 
       the Tender Offer. 
 
 5    Included in income is GBP190,805 of accrued 
       loan note interest written off in respect 
       of the Company's investment in Futurelex. 
       More details are provided in the Investment 
       Adviser's review. 
 
 6.   The financial information for the period ended 
       31 July 2013 has not been audited and does 
       not comprise full financial statements within 
       the meaning of Section 434 of the Companies 
       Act 2006. Statutory accounts for the year 
       ended 31 January 2013 were unqualified. No 
       statutory accounts in respect of any period 
       after 31 January 2013 have been reported on 
       by the Company's auditors or delivered to 
       the Registrar of Companies. 
 
 7.   Copies of this half-yearly report will be 
       mailed to shareholders and are available to 
       the public at the Company's registered office. 
 
 

Corporate Information

 
 Directors (all non-executive)        IBIS Media VCT 1 plc 
                                      Incorporated in England 
                                       and Wales 
 Independent                          with registered number: 
                                       5660269 
 Sir Robin W Miller (Chairman) 
 Peter D English                      Reporting Calendar 
 Lucy H MacDonald                     For the year ending 31 January 
                                       2014 
 John P Williams 
 Simon D A Jamieson                   Results announced: 
                                      Interim - September 2013 
 Not independent                      Annual - May 2014 
 David C K Forster 
 Charles A McIntyre 
 
 All of the registered 
  office and principal 
  place of business of 
  IBIS Media VCT 1 plc 
 22 Soho Square 
  London 
  W1D 4NS 
 VCT web site: www.ibismediavct.com 
 
 Investment Adviser                   Bankers 
 IBIS Private Equity Partners         Barclays Bank plc 
  LLP 
 22 Soho Square                       1(st) Floor 
 London                               99 Hatton Gardens 
 W1D 4NS                              London 
                                      EC1N 8DN 
 
 Secretary                            Auditors 
 The City Partnership                 Scott-Moncrieff 
  (UK) Limited 
 Thistle House                        Chartered Accountants 
 21 Thistle Street                    Exchange Place 3 
 Edinburgh                            Semple Street 
 EH2 1DF                              Edinburgh 
 Telephone: [phone]             EH3 8BL 
 
 Registrars 
 Share Registrars Limited 
 Suite E, First Floor 
 9 Lion and Lamb Yard 
 Farnham 
 Surrey 
 GU9 7LL 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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