Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
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  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Tembusu Investments (NOVA)

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Wednesday 05 May, 2010

Tembusu Investments

Final Results

RNS Number : 3546L
Tembusu Investments Limited
05 May 2010
 



Chairman's Statement

Jonathan  Rowland

Statement of Comprehensive Income

For The Year Ended 31 December 2009

Statement of Changes in Equity

For The Year Ended 31 December 2009

 

 


Share

Capital

Share

Premium

Retained

Loss

 

Total


£

£

£

£






At 31 December 2007

   600,000

  2,504,061

    (19,118)

 3,084,943






Loss after tax for the year

              -

               -

    (971,811)

     (971,811)






At 31 December 2008

    600,000

  2,504,061

    (990,929)

 2,113,132






Loss after tax for the year

              -

               -

  (333,679)

        (333,679)

 

At 31 December 2009                                                

 

   600,000

 

 2,504,061

 

1,324,608)

 

1,779,453

 

Share capital is the amount subscribed for shares at nominal value.

 

Share premium represents the excess of the amount subscribed for share capital over the nominal value of the respective shares net of share issue expenses. Share issue expenses comprise mainly the costs incurred in respect of the initial public offering on the AIM market of the London Stock Exchange.

 

Statement of Financial Position

31 December 2009

ASSETS

Non-current assets

Current assets

LIABILITIES

Current liabilities


NET CURRENT ASSETS

NET ASSETS

SHAREHOLDERS' EQUITY

TOTAL EQUITY

Statement of Cashflows

For The Year Ended 31 December 2009

Cash flows from operating activities

Cash flows from investing activities

Cash flows from financing activities

Increase in cash and cash equivalents


Cash and cash equivalents at beginning of year

Cash and cash equivalents at end of year

Notes to the Financial Statements

For The Year Ended 31 December 2009

 

 

1.   GENERAL INFORMATION

 

The preceding information does not constitute the Company's statutory accounts for the years ended 31 December 2009 or 31 December 2008 but is derived from those accounts. The 2009 accounts will be posted to shareholders by 14 May 2010 and will be available from the Company's registered office and from the Company's website (www.tembusuinvestments.com). The auditors have reported on these accounts and their reports were unqualified.

 

The financial information in this announcement has been prepared on the basis of the accounting policies set out in the last published set of annual financial statements.

Financial assets held at fair value through profit or loss

Financial assets classified as held for trading and other assets designated as such on inception are included in this category. Financial assets are classified as held for trading if they are acquired for sale in the short term.

 

Purchases and sales of financial assets at fair value through profit or loss are recognised on trade date being the date the Company commits to purchase or sell the asset to the market. A financial asset is derecognised when the contract that gives rise to it is settled, sold, cancelled or expires.

 

Financial assets designated as at fair value through profit or loss at inception are those that are managed and whose performance is evaluated on a fair value basis, in accordance with the documented investment strategy of the Company. Information about these financial assets is provided internally on a fair value basis to the Company's key management. The Company's investment strategy is to. Consequently, all investments are classified as held at fair value through profit or loss.

 

Transaction costs on purchases are expensed immediately through the income statement in accordance with IFRS. 

 

All investments are measured at fair value with gains and losses arising from changes in fair value being included in the income statement as gains (losses) on investments held at fair value. On sale, the realised gain or loss calculated by reference to the proceeds less carrying value is recognised in the income statement.

 

The fair value of quoted investments is determined by reference to market bid prices at the close of business on the  .

The investments are valued in accordance with the policy stated above. It is the directors' opinion that the carrying value of trade receivables and trade payables approximates their fair value due to their short term maturity. Therefore, the directors consider all assets to be carried at a valuation, which equates to fair value.

 

Investments are made in a combination of equity and fixed rate financial instruments so as to provide potential high future capital growth.

 

In accordance with IAS 39, the Group has reviewed all contracts for embedded derivatives that are required to be separately accounted for if they do not meet certain criteria set out in the standard. No embedded derivatives have been identified by the Group.

The accounting policies for financial instruments have been applied to the items below:

 

Assets as per balance sheet




Liabilities as per balance sheet

Assets classified as fair value through profit or loss were designated as such upon initial recognition. The Company has not reclassified financial assets between any of the categories detailed in IAS39, either in current or prior periods.

    Liquidity risk

4.   EMPLOYEES AND DIRECTORS

5.

6.

FINANCE INCOME

7.

OPERATING LOSS

 

8.   TAX

   LOSS PER SHARE

 

 

 

         

Quoted Investments




Closing cost

Closing valuation

 

      The bid price of EIIB shares at 30 March 2010 was 3.60p, valuing the investment at £770,971.

 

     

     

 

 

Cost                                                                                                         

Provision                                                                                                     

CARRYING VALUE

 


12.

TRADE AND OTHER RECEIVABLES

13.

CASH AND CASH EQUIVALENTS

14.

TRADE AND OTHER PAYABLES

      Trade payable and accruals principally comprise amounts outstanding for ongoing expenses

15.

 

 

16.

 


Share

Capital

Share

Premium

Retained

Loss

 

Total


£

£

£

£






At 1 January 2008

    600,000

  2,504,061

    (19,118)

 3,084,943

Loss after tax for the year

              -

               -

    (971,811)

     (971,811)






At 1 January 2009

600,000

2,504,061

(990,929)

2,113,132

Loss after tax for the year

              -

               -

    (333,679)

     (333,679)



          

At 31 December 2009

    600,000

  2,504,061

 (1,324,608)

 1,779,453






 

     

18.  FINANCIAL COMMITMENTS

The immediate parent company is THL, a company incorporated in Cayman Island. The intermediate parent company is ("VCL"), a company incorporated in Singapore and VCL's is owned by 3370 shareholders mainly from Singapore and Malaysia. The consolidated financial statements for VCL can be obtained from 120 Robinson Road #13-02, Parakou Building, Singapore 068913.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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