1st Quarter Results

RNS Number : 9771Z

Edinburgh New Income Trust plc

30 September 2009

 



EDINBURGH NEW INCOME TRUST PLC

30 September 2009

At a board meeting held today, the directors of Edinburgh New Income Trust plc resolved that a first interim dividend of 1.3p (2008/09 - 1.3p) per ordinary share (£266,748) be declared in respect of the year to 31 May 2010, payable on 6 November 2009 to shareholders on the register on 9 October 2009. The ex-dividend date is 7 October 2009.  

For further information please contact:

Charles Luke, Investment Manager,    Tel: [phone]

Aberdeen Asset Managers Limited

INCOME STATEMENT 

For the three months ended 31 August 2009 (unaudited)

	Revenue	Capital	Total
	£'000	£'000	£'000
Losses on investments		2,206	2,206
Income	300		300
Investment management fee	(24)	(24)	(48)
VAT recoverable on investment management fee
Administrative expenses	(46)		(46)
	_______	_______	_______
Net return before finance costs and taxation	230	2,182	2,412
Finance costs of ZDP Shareholders		(284)	(284)
	_______	_______	_______
Return on ordinary activities before and after taxation	230	1,898	2,128
	_______	_______	_______
Return per ordinary share	1.12p	9.25p	10.37p
	_______	_______	_______

For the three months ended 31 August 2008 (unaudited)

	Revenue	Capital	Total
	£000	£000	£000
Losses on investments held at fair value through profit or loss	-	(2,844)	(2,844)
Income	562	-	562
Investment management fee	(30)	(30)	(60)
Administrative expenses	(50)	-	(50)
	________	________	________
Return on ordinary activities before finance costs and taxation	482	(2,874)	(2,392)
Finance costs appropriated to the ZDP shareholders	-	(267)	(267)
	________	________	________
Return on ordinary activities before and after taxation	482	(3,141)	(2,659)
	________	________	________
Return per ordinary share	2.35p	(15.31p)	(12.96p)
	________	________	________

Year ended 31 May 2009 (audited)

	Revenue	Capital	Total
	£'000	£'000	£'000
Losses on investments held at fair value through profit or loss	-	(11,431)	(11,431)
Income	1,539	-	1,539
Investment management fee	(96)	(96)	(192)
VAT recoverable on investment management fee	54	54	108
Administration expenses	(170)	-	(170)
	_______	_______	_______
Net return on ordinary activities before finance costs and taxation	1,327	(11,473)	(10,146)
Finance costs of ZDP Shareholders	-	(1,084)	(1,084)
	_______	_______	_______
Net return on ordinary activities before and after taxation	1,327	(12,557)	(11,230)
	_______	_______	_______
Return per Ordinary share	6.47p	(61.20)p	(54.73)p
	_______	_______	_______

The total column of this statement represents the profit and loss account of the Company.

All revenue and capital items in the above statement derive from continuing operations.

No operations were acquired or discontinued in the period

A Statement of Total Recognised Gains and Losses has not been prepared as all gains and losses are recognised in the Income Statement.

BALANCE SHEET

	As at 31 August 2009 (unaudited)	As at 31 August 2008 (unaudited)	As at 31 May  2009 (audited)
	£'000	£'000	£'000
Non-current assets
Investments at fair value through profit or loss	26,230	30,685	19,314
	_________	__________	_________
Current assets
Debtors	422	371	379
AAA Money Market funds			1,250
Cash and short term deposits	3,168	5,357	6,909
	_________	__________	_________
	3,590	5,728	8,538
Creditors: amounts falling due within one year	(80)	(99)	(93)
	_________	__________	_________
Net current assets	3,510	5,629	8,445
	_________	__________	_________
Total assets less current liabilities	29,740	36,314	27,759
Creditors: amounts falling due after more than one year	(19,431)	(18,331)	(19,147)
	_________	__________	_________
Net assets	10,309	17,983	8,612
	_________	__________	_________
Capital and reserves
Called-up share capital	205	205	205
Special reserve	20,035	20,035	20,035
Capital reserve	(10,897)	(3,380)	(12,795)
Revenue reserve	966	1,123	1,167
	_________	__________	_________
Total Shareholders' funds	10,309	17,983	8,612
	_________	__________	_________
Adjusted net asset value per share	50.2p	87.6p	42.0p
	_________	__________	_________

 

END

 

 

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