Market threat arises primarily from uncertainty about future costs of monetary instruments used within the Group’s business. It represents the potential loss the Group would possibly suffer by way of holding market positions by means of worth actions and actions in trade rates and rates of interest. The Investment Manager assesses the publicity to market risk when making every funding determination and these dangers are monitored by the Investment Manager frequently and the Board at quarterly conferences with the Investment Manager. For investments actively traded in organised monetary markets, fair worth is generally determined by reference to quoted market bid costs on the shut of enterprise on the Balance Sheet date, with out adjustment for transaction costs needed to realise the asset. The financial statements are introduced in Sterling rounded to the closest thousand.
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