Dividend Declaration

RNS Number : 9688T

Edinburgh New Income Trust plc

06 October 2010

 



EDINBURGH NEW INCOME TRUST PLC

 

 

6 October 2010

At a board meeting held today, the directors of Edinburgh New Income Trust plc resolved that a first interim dividend of 1.3p (2009/10 - 1.3p) per ordinary share (£266,748) be declared in respect of the year to 31 May 2011, payable on 12 November 2010 to shareholders on the register on 15 October 2010. The ex-dividend date is 13 October 2010. 

For further information please contact:

Charles Luke, Investment Manager,                                                                     Tel: [phone]

Aberdeen Asset Managers Limited

INCOME STATEMENT

For the three months ended 31 August 2010 (unaudited)

	Revenue	Capital	Total
	£'000	£'000	£'000
Gains on investments	-	877	877
Income	319	-	319
Investment management fee	(26)	(26)	(52)
Administrative expenses	(42)	-	(42)
	_______	_______	_______
Net return before finance costs and taxation	251	851	1,102
Finance costs of ZDP Shareholders	-	(301)	(301)
	_______	_______	_______
Return on ordinary activities before and after taxation	251	550	801
	_______	_______	_______
Return per ordinary share	1.22p	2.68p	3.90p
	_______	_______	_______

For the three months ended 31 August 2009 (unaudited)

	Revenue	Capital	Total
	£'000	£'000	£'000
Gains 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
	_______	_______	_______

Year ended 31 May 2010 (audited)

	Year ended 31 May 2010
	Revenue	Capital	Total
	£'000	£'000	£'000
Gains on investments held at fair value through profit or loss	-	3,817	3,817
Income	1,264	-	1,264
Investment management fee	(100)	(100)	(200)
VAT recoverable on investment management fee	-	-	-
Administration expenses	(166)	-	(166)
	_______	_______	_______
Net return on ordinary activities before finance costs and taxation	998	3,717	4,715
Finance costs of ZDP Shareholders	-	(1,149)	(1,149)
	_______	_______	_______
Net return on ordinary activities before and after taxation	998	2,568	3,566
	_______	_______	_______
Return per Ordinary share (pence)	4.86	12.52	17.38
	_______	_______	_______

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 2010 (unaudited)	As at 31 August 2009 (unaudited)	As at 31 May 2010 (audited)
	£'000	£'000	£'000
Non-current assets
Investments at fair value through profit or loss	-	26,230	-
	_________	_________	_________
Current assets
Investments at fair value through profit or loss	27,884	-	27,918
Debtors	266	422	330
Cash and short term deposits	3,838	3,168	3,157
	____________	_________	____________
	31,988	3,590	31,405
Creditors: amounts falling due within one year	(20,672)	(80)	(20,458)
	____________	_________	____________
Net current assets	11,316	3,510	10,947
	____________	_________	____________
Total assets less current liabilities	11,316	29,740	10,947
Creditors: amounts falling due after more than one year	-	(19,431)	-
	____________	_________	____________
Net assets	11,316	10,309	10,947
	____________	_________	____________
Capital and reserves
Called-up share capital	205	205	205
Special reserve	20,035	20,035	20,035
Capital reserve	(9,677)	(10,897)	(10,227)
Revenue reserve	753	966	934
	____________	_________	____________
Total Shareholders' funds	11,316	10,309	10,947
	____________	_________	____________
Adjusted net asset value per share	55.2p	50.2p	53.4
	_________	_________	_________

 

END

 

 

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