Final Results
Fleming Japanese Inv Trust PLC
5 November 2001
THE FLEMING JAPANESE INVESTMENT TRUST PLC
STOCK EXCHANGE ANNOUNCEMENT
Preliminary results for the year to 30th September 2001
5th November 2001
The Fleming Japanese Investment Trust plc today announced its preliminary
results for the year ended 30th September 2001.
Over the period the net asset value per share decreased by 42.7% compared with
a 36.5% decrease in the Tokyo Stock Exchange 1st Section Index, expressed in
Sterling terms, which is the Company's benchmark index. As at 30th September
2001, the price of the shares was 174.5p (2000 : 330.5p) with the discount at
which the Company's shares trade relative to the net asset value being 17.3%
(2000 : 10.2%)
FW Easton
For and on behalf of
JPMorgan Fleming Asset Management (UK) Limited - Secretary ....... 020 7742 6000
THE FLEMING JAPANESE INVESTMENT TRUST PLC
UNAUDITED FIGURES FOR THE YEAR ENDED 30TH SEPTEMBER 2001
2001 2000
£'000 £'000
Revenue
Income
Franked dividends - 68
Overseas dividends 4,546 4,426
Deposit interest 42 29
Stock lending 44 338
Gross Revenue 4,632 4,861
Less Management fee 3,941 4,804
Other administrative expenses 436 455
Interest payable 3,394 3,303
Return before Taxation (3,139) (3,701)
Less Taxation 681 664
Transfer to reserves (3,820) (4,365)
===== =====
2001 2000
£'000 £'000
CAPITAL
Return attributable to ordinary shareholders (303,760) 88,862
====== ======
Revenue return per ordinary share (1.95) p (2.23) p
Capital return per ordinary share (155.10) p 45.37 p
Total return per ordinary share (157.05) p 43.14 p
THE FLEMING JAPANESE INVESTMENT TRUST PLC
UNAUDITED FIGURES FOR THE YEAR ENDED 30TH SEPTEMBER 2001
BALANCE SHEET
2001 2000
£'000 £'000
Investment at valuation 494,828 872,389
Debtors 33,561 24,726
Cash and short term deposits 8,563 1,378
Creditors: amounts falling due within one year (36,112) (29,465)
Creditors: amounts falling due after more than one year (87,357) (147,965)
Total net assets 413,483 721,063
===== =====
Net asset value per ordinary share 211.1 p 368.2 p
CASH FLOW STATEMENT
2001 2000
£'000 £'000
Net cash outflow from operating activities (444) (1,649)
Net cash outflow from servicing of finance (3,803) (3,343)
Total tax recovered - 49
Net cash inflow/(outflow) from capital 59,435 (9,432)
expenditure and financial investment
Net cash (outflow)/inflow from financing (40,449) 26,819
Increase in cash for the year 14,739 12,444
===== =====
The above financial information does not constitute statutory accounts as
defined in Section 240 of the Companies Act 1985
JPMORGAN FLEMING ASSET MANAGEMENT (UK) LIMITED
5 November 2001
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