FRS 12 'Provisions, contingent liabilities and contingent assets'

British Assets Trust plc Period End 30 September 2008

Submitted by Company Reporting on Wed, 2008-12-03 00:00
British Assets Trust Annual Report 2008

Expected recovery of VAT deducted from management fees


UK investment trust British Assets Trust deducts from management fees charged this year £1.49 million VAT expected to be recovered.

Foreign & Colonial Eurotrust plc Period End 30 September 2008

Submitted by Company Reporting on Fri, 2008-11-28 00:00
Foreign & Colonial Eurotrust Annual Report 2008

Minimum recovery of VAT on investment management fees recognised

UK investment trust Foreign & Colonial Eurotrust recognises £2 million recovery of VAT paid since April 2001 on investment management fees, representing the minimum amount recoverable.

 

Pantheon International Participations plc Period End 30 June 2008

Submitted by Company Reporting on Wed, 2008-11-05 00:00

VAT recovery remains as contingent asset but partially quantified

UK investment trust Pantheon International Participations does not recognise anticipated £1.8 million recovery of Value Added Tax paid on its investment management fees, as recovery of the amount is not virtually certain.

The City of London Investment Trust plc Period End 30 June 2008

Submitted by Company Reporting on Tue, 2008-09-23 23:00
City of London Investment Trust Annual Report 2008

£1.6 million VAT on investment management fees recovered

UK investment trust The City of London Investment Trust recognises a £1.6 million VAT write-back gain, as repayment is assessed to be virtually certain.

Finsbury Growth & Income Trust plc Period End 30 September 2007

Submitted by Company Reporting on Wed, 2008-02-20 00:00
Finsbury Annual Report Year 2008

Contingent asset relates to recovery of VAT
UK investment trust Finsbury Growth & Investment Trust discloses a contingent asset relating to reclaiming VAT payments on investment management fees.

JPMorgan Emerging Markets Investment Trust plc Period End 30 June 2007

Submitted by Company Reporting on Fri, 2007-11-30 00:00
JPMorgan Emerging Markets Investment Trust Annual Report 2007

Investment trust takes a wider view of risk

In its directors' report, UK investment trust JPMorgan Emerging Markets Investment Trust reports loss of staff at its investment manager and change of corporate control of the manager as risks.

The City of London Investment Trust plc Period End 30 June 2007

Submitted by Company Reporting on Mon, 2007-10-08 23:00
City of London Investment TrustAnnual Report 2007

Conflict with the AIC Code on Corporate Governance 
UK investment trust City of London Investment Trust falls short on corporate governance as it does not identify a senior independent non-executive director.

The BOC Group plc Period End 30 September 2005

Submitted by Company Reporting on Wed, 2006-01-11 00:00

Oxygen company draws breath at SEC review
UK gases company BOC publishes a sensitivity analysis on its pension assumptions.