5-Year summary


  9 Dec 2016 31 Oct 2016 31 Jul 2016 30 Apr 2016 31 Jan 2016
Net investment portfolio £293m £826m £802m £766m £763m
Cash £334m £330m £351m £327m £330m
Other assets £523m £1m £2m £1m £1m
Total assets £1,150m £1,157m £1,155m £1,094 £1,094m
Convertible bonds1 (£39m) (£39m)
Other liabilities (£25m) (£38m) (£6m) (£2m) (£3m)
Shareholders’ funds £1,125m £1,119m £1,149m £1,053m £1,052m
Net assets per share 719p 715p 735p 666p 654p
Gross debt as % of gross assets 4% 4%
Net (cash)/debt as % of Shareholders' funds (30%) (29%) (31%) (27%) (28%)

1 Convertible bonds redeemed in June 2016

 

  31 Oct 2015 31 Jul 2015 30 Apr 2015 31 Jan 2015
Net Investment portfolio £790m £793m £805m £1,053m
Cash £294m 298m £307m £135m
Other assets £2m £2m £43m £43m
Total assets £1,086m £1,093m £1,155m £1,231m
Bank facility
Convertible bonds (£38m) (£38m) (£40m) (£97m)
Other liabilities  (£10m) (£9m) (£4m) (£7m)
Shareholders' funds £1,038m £1,046m £1,111m £1,127m
Net assets per share 606p 606p 592p 588p
Gross debt as % of gross assets 3% 3% 4% 8%
Net (cash)/debt as % of Shareholders' funds (25%) (25%) (24%) (3%)
Loan to value ratio (maximum of 30%)

 

  30 Sep 2014 30 Jun 2014 31 Mar 2014
Net Investment portfolio £1,029m £1,091m £1,034m
Cash £118m £95m £206m
Other assets £39m £53m £44m
Total assets £1,186m £1,239m £1,284m
Bank facility
Convertible bonds (£97m) (£96m) (£95m)
Other liabilities  (£9m) (£5m) (£6m)
Shareholders' funds £1,080m £1,138m £1,183m
Net assets per share 521p 535p 517p
Gross debt as % of gross assets 8% 8% 7%
Net (cash)/debt as % of Shareholders' funds (2%) 0% (9%)
Loan to value ratio (maximum of 30%) 0% 0% 0%

 

  31 Dec 2013 30 Sep 2013 30 Jun 2013 31 Mar 2013
Net Investment portfolio £1,065m £1,207m £1,183m £1,154m
Cash £210m £41m £219m £299m
Other assets £44m £56m £58m £35m
Total assets £1,319m £1,304m £1,460m 1,488m
Senior Notes (£158m) (£158m)
Bank facility
Convertible bonds (£95m) (£94m) (£94m) (£93m)
Other liabilities and non-controlling interests (£6m) (£6m) (£14m) (£29m)
Shareholders' funds £1,220m £1,204m £1,194m £1,208m
Net assets per share 514.5p 497p 480p 443p
Gross debt as % of gross assets 7% 7% 17% 18%
Net (cash)/debt as % of Shareholders' funds (9%) 5% 3% (3%)
Loan to value ratio (maximum of 30%) 0% 0% 13% 13%

 

  31 Dec 2012 30 Jun 2012
Net Investment portfolio £1,014m £1,269m
Cash £269m £33m
Other assets £51m £22m
Total assets £1,334m £1,324m
Senior Notes (£150m) (£154m)
Bank facility
Convertible bonds (£93m) (£92m)
Other liabilities and non-controlling interests (£18m) (£13m)
Shareholders' funds £1,073m £1,064m
Net assets per share 391p 379p
Gross debt as % of gross assets 18% 19%
Net (cash)/debt as % of Shareholders' funds (3%) 19%
Loan to value ratio (maximum of 30%) 14% 12%