prelude trust plc corporate update investment trusts recen early stage technology portfolio performed better than principal benchmark final results for the y market decline n investments declined b impact affe which accounted 96 made significant prog part of in nexan and making pro three quoted companies remaining shareholding 2 7 times its cost a performe ftse techmark all sh demon strated excellent cash manage ment difficult climate or trade sale tr 11 compa partners to raise e were mad had further funding forec new financing rounds f months current year fin with most investees substantial progress despite downturn i was by areas fillfactory zbd display mobile communications infrastructure polatis ph life science fields sc sales while de novo successfull roche saleable products overall five unquoted are services alphamosaic several others more service recovery figs 000 31 st march return deficit before tax 2001 5 816 2002 3 861 2003 16 679 shares issue 36 7m fully