3rd Quarter Results

RNS Number : 5316J

Edinburgh New Income Trust plc

31 March 2010

 



EDINBURGH NEW INCOME TRUST PLC

 

 

31 March 2010

At a board meeting held today, the directors of Edinburgh New Income Trust plc resolved that a third 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 7 May 2010 to shareholders on the register on 16 April 2010. The ex-dividend date is 14 April 2010. 

For further information please contact:

James Laing, Investment Manager,                                                                      Tel: [phone]

Aberdeen Asset Managers Limited

Charles Luke, Investment Manager,                                                                     Tel: [phone]

Aberdeen Asset Managers Limited

INCOME STATEMENT

For the nine months ended 28 February 2010 (unaudited)

	Revenue	Capital	Total
	£'000	£'000	£'000
Gains on investments held at fair value	-	4,404	4,404
Income	803	-	803
Investment management fee	(75)	(75)	(150)
VAT recoverable on investment management fee	-	-	-
Administrative expenses	(130)	-	(130)
	_______	_______	_______
Net return before finance costs and taxation	598	4,329	4,927
Finance costs of ZDP Shareholders	-	(853)	(853)
	_______	_______	_______
Return on ordinary activities before and after taxation	598	3,476	4,074
	_______	_______	_______
Return per ordinary share	2.91p	16.94p	19.85p
	_______	_______	_______

For the nine months ended 28 February 2009 (unaudited)

	Revenue	Capital	Total
	£'000	£'000	£'000
Losses on investments held at fair value	-	(13,358)	(13,358)
Income	1,205	-	1,205
Investment management fee	(74)	(73)	(147)
VAT recoverable on investment management fee	55	54	109
Administrative expenses	(129)	-	(129)
	_______	_______	_______
Net return before finance costs and taxation	1,057	(13,377)	(12,320)
Finance costs of ZDP Shareholders	-	(804)	(804)
	_______	_______	_______
Return on ordinary activities before and after taxation	1,057	(14,181)	(13,124)
	_______	_______	_______
Return per ordinary share	5.15p	(69.11p)	(63.96p)
	_______	_______	_______

INCOME STATEMENT

Year ended 31 May 2009 (audited)

	Revenue	Capital	Total
	£'000	£'000	£'000
Losses on investments held at fair value	-	(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 before finance costs and taxation	1,327	(11,473)	(10,146)
Finance costs of ZDP Shareholders	-	(1,084)	(1,084)
	_______	_______	_______
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 28 February 2010 (unaudited)	As at 28 February 2009 (unaudited)	As at 31 May 2009 (audited)
	£'000	£'000	£'000
Non-current assets
Investments at fair value through profit or loss	28,794	13,146	19,314
	_________	_________	_________
Current assets
Debtors	354	280	379
AAA Money Market funds	-	1,250	1,250
Certificates of Deposit	-	6,502	-
Treasury Bills	-	3,778	-
Cash at bank	2,673	3,485	6,909
	_________	_________	_________
	3,027	15,295	8,538
Creditors: amounts falling due within one year	(100)	(2,588)	(93)
	_________	_________	_________
Net current assets	2,927	12,707	8,445
	_________	_________	_________
Total assets less current liabilities	31,721	25,853	27,759
Creditors: amounts falling due after more than one year	(20,000)	(18,868)	(19,147)
	_________	_________	_________
Net assets	11,721	6,985	8,612
	_________	_________	_________
Capital and reserves
Called-up share capital	205	205	205
Special reserve	20,035	20,035	20,035
Capital reserve	(9,320)	(14,419)	(12,795)
Revenue reserve	801	1,164	1,167
	_________	_________	_________
Total Shareholders' funds	11,721	6,985	8,612
	_________	_________	_________
Adjusted net asset value per share	57.1p	34.0p	42.0p
	_________	_________	_________

 

END

 

 

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