3rd Quarter Results

RNS Number : 6960Q

Edinburgh New Income Trust plc

16 April 2009

 



EDINBURGH NEW INCOME TRUST PLC

16 April 2009

At a board meeting held today, the directors of Edinburgh New Income Trust plc resolved that a third interim dividend of 1.3p (2008 - 1.3p) per ordinary share (£266,748) be declared in respect of the year to 31 May 2009, payable on 22  May 2009 to shareholders on the register on 1 May 2009. The ex-dividend date is 29 April 2009.  

For further information please contact:

Charles Luke, Investment Manager,    Tel: [phone]

Aberdeen Asset Managers Limited

INCOME STATEMENT 

For the nine months ended 28 February 2009 (unaudited)

	Revenue	Capital	Total
	£'000	£'000	£'000
Losses on investments	-	(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)
	_______	_______	_______

For the nine months ended 29 February 2008 (unaudited)

	Revenue	Capital	Total
	£'000	£'000	£'000
Losses on investments	-	(9,207)	(9,207)
Income	1,235	-	1,235
Investment management fee	(107)	(107)	(214)
Administrative expenses	(150)	-	(150)
	_______	_______	_______
Net return before finance costs and taxation	978	(9,314)	(8,336)
Finance costs of ZDP Shareholders	-	(762)	(762)
	_______	_______	_______
Return on ordinary activities before and after taxation	978	(10,076)	(9,098)
	_______	_______	_______
Return per ordinary share	4.77p	(49.11p)	(44.34p)
	_______	_______	_______

Year ended 31 May 2008 (audited)

	Revenue	Capital	Total
	£'000	£'000	£'000
Losses on investments	-	(9,445)	(9,445)
Income	2,068	-	2,068
Investment management fee	(139)	(138)	(277)
Administration expenses	(204)	-	(204)
	_______	_______	_______
Net return on ordinary activities before finance costs and taxation	1,725	(9,583)	(7,858)
Finance costs of ZDP Shareholders	-	(1,026)	(1,026)
	_______	_______	_______
Net return on ordinary activities before and after taxation	1,725	(10,609)	(8,884)
	_______	_______	_______
Return per Ordinary share	8.41p	(51.70)p	(43.29)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 2009 (unaudited)	As at 29 February 2008 (unaudited)	As at 31 May  2008 (audited)
	£'000	£'000	£'000
Non-current assets
Investments at fair value through profit or loss	13,146	35,058	34,909
	_________	_________	_________
Current assets
Debtors	280	93	313
AAA Money Market funds	1,250	-	3,215
Certificates of Deposit	6,502	-	-
Treasury Bills	3,778	-	-
Cash at bank	3,485	4,122	1,058
	_________	_________	_________
	15,295	4,215	4,586
Creditors: amounts falling due within one year	(2,588)	(99)	(111)
	_________	_________	_________
Net current assets	12,707	4,116	4,475
	_________	_________	_________
Total assets less current liabilities	25,853	39,174	39,384
Creditors: amounts falling due after more than one year	(18,868)	(17,800)	(18,064)
	_________	_________	_________
Net assets	6,985	21,374	21,320
	_________	_________	_________
Capital and reserves
Called-up share capital	205	205	205
Special reserve	20,035	20,035	20,035
Capital reserve	(14,419)	295	(238)
Revenue reserve	1,164	839	1,318
	_________	_________	_________
Total Shareholders' funds	6,985	21,374	21,320
	_________	_________	_________
Adjusted net asset value per share	34.0p	104.2p	103.9p
	_________	_________	_________

 

END

 

 

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