Replacement - 1st Quarter Res

RNS Number : 7059E
Edinburgh New Income Trust plc
30 September 2008
 



AMENDMENT

Please note that the announcement released earlier today at 14:03hrs (RNS No: 7016E) showed the ex-dividend date as 8 October 2007. This should be 8 October 2008. Please see below the updated announcement.


EDINBURGH NEW INCOME TRUST PLC

 


30 September 2008


At a board meeting held today, the directors of Edinburgh New Income Trust plc resolved that a first interim dividend of 1.(2007 - 1.3p) per ordinary share 266,747) be declared in respect of the year to 31 May 2009, payable on 31 October 2008 to shareholders on the register on 10 October 2008. The ex-dividend date is 8 October 2008. 




For further information please contact:



Stewart Methven, Investment Manager, Aberdeen Asset Managers Limited        Tel: 0131-528-4000




  INCOME STATEMENT



3 months ended 31 August 2008


Revenue

Capital

Total


£000

£000

£000

Realised gains on investments

-

144

144

Unrealised gains on investments

-

(2,988)

(2,988)

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 2008

 

Revenue

Capital

Total

 

£'000

£'000

£'000

Realised gains on investments


118

118

Unrealised gains on investments


(9,563)

(9,563)

Income

2,068


2,068

Investment management fee

(139)

(138)

(277)

Administration expenses

(204)

 

(204)


________

________

________

Return on ordinary activities before finance costs and taxation

1,725

(9,583)

(7,858)





Finance costs of ZDP Shareholders

-

(1,026)

(1,026)


________

________

________

Return on ordinary activities before and after taxation

1,725

(10,609)

(8,884)


________

________

________

Return per Ordinary share (pence)

8.41p

(51.70p)

(43.29p)


________

________

________


  


3 months ended 31 August 2007


Revenue

Capital

Total


£000

£000

£000

Realised gains on investments

-

82

82

Unrealised gains on investments

-

(3,413)

(3,413)

Income

597

-

597

Investment management fee

(40)

(40)

(80)

Administrative expenses

(57)

-

(57)


 ________

 ________

 ________

Return on ordinary activities before finance costs and

taxation

 500

 (3,371)

 (2,871)

Finance costs appropriated to the ZDP shareholders

-

(252)

(252)


 ________

 ________

 ________

Return on ordinary activities before and after taxation

500

(3,623)

(3,123)


 ________

 ________

 ________

Return per ordinary share

2.44p

(17.66p)

(15.22p)


 ________

 ________

 ________




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.

The Company has no recognised gains or losses other than those recognised in the income statement above.


BALANCE SHEET


At 31 August 2008

At 31 May 2008

At 31 August 2007


£'000

£'000

£'000

Fixed assets




Investments

30,685

34,909

41,664


__________

__________

__________

Current assets




Debtors

371

313

327

Cash at bank

5,357

4,273

3,367


__________

__________

__________


5,728

4,586

3,694





Creditors: amounts falling due within one year

(99)

(111)

(184)


__________

__________

__________

Net current assets

5,629

4,475

3,510


__________

__________

__________

Total assets less current liabilities

36,314

39,384

45,172





Creditors: amounts falling due in more than one year

(18,331)

(18,064)

(17,291)


__________

__________

__________

Net assets

17,983

21,320

27,883


__________

__________

__________





Capital and reserves




Called-up share capital

205

205

205

Special reserve

20,035

20,035

20,035

Capital reserve 

(3,380)

(238)

6,747

Revenue reserve

1,123

1,318

896


__________

__________

__________

Total Shareholders' funds 

17,983

21,320

27,883


__________

__________

__________

NAV per equity share

87.64p

103.9p

135.89p




Notes

The income statement and balance sheet set out above do not represent full accounts in accordance with S240 of the Companies Act 1985. The accounts have been prepared in accordance with the SORP for Investment Trust Companies.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
QRFSDEFDSSASEEU
UK 100

Latest directors dealings