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 1.3 p (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: [phone]

  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.

 

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