Attached is the summary of cash balances held at 31 March
Cash balances increased by approximately £0.1 million
during the month. Loan repayments, interest and other income
totalled approximately £0.1 million. Expenses were approximately
Attached is the summary of the loan book position at 31 March
During March 2013, two facilities were redeemed in
part realising £12,000 overall.
The loan tables shown have been converted to Sterling using
exchange rates as at 28 March 2013.
The Joint Liquidators have purchased currency options to hedge
certain of the future loan receipts. Sterling options
purchased to hedge future Euro receipts were matched against the
relevant loans included in the summary at 28 March 2013, and we
have calculated that they would add a further £0.5 million to the
value of the receipts due on these loans.
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