CIC Annual Report 2021

Page 58

CAMBRIDGE INNOVATION CAPITAL

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2021

Note

Fair value changes in investments

2021 £

2020 £

78,079,702

69,533,378

(14,865,776) (16,935,927)

Administrative expenses

999,897

162,489

6

64,213,823

52,759,940

9

478,577

386,700

13

124,467

(130,667)

Other operating income Operating profit Finance income Share of net profit/(losses) of associates accounted for using the equity method Profit on ordinary activities before taxation

64,816,867

Tax on profit on ordinary activities

10

Profit and total comprehensive income for the year attributable to the equity holders

– 64,816,867

53,015,973 (2,869) 53,013,104

All activities derive from continuing operations. The notes on pages 60 to 72 are an integral part of these financial statements.

56

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ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

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