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Assets & dividend info

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SUMMARY BALANCE SHEET (£'000)

 

31

August

2008

31
October

2007

% change

Equity investments

677,033

835,357

 

Net current assets (including undistributed net income)

100,380

75,217

 

Total assets

777,413

910,574

 

Borrowings at par

(107,472)

(107,372)

 

Pension liability

(849)

(849)

 

Equity stockholders' funds

669,091

802,353

 

       

Cum-income NAV with borrowings at market value

517.9p

593.9p

-12.8

Cum-income NAV with borrowings at par

514.9p

597.6p

-13.8

       

Ex-income NAV with borrowings at market value

511.8p

587.1p

-12.8

Ex-income NAV with borrowings at par

508.8p

590.8p

-13.9

     

 

Effective gearing (borrowings at par)

Based on Ex-income figures

102%

105%

 

       

Market price per ordinary unit

464.5p

529.0p

-12.2


NAV is Net Asset Value per ordinary stock unit.
Cum-income NAVs include undistributed net income.
Ex-income NAVs exclude income for the current financial year and are calculated after deducting dividends proposed but not yet paid.
Market value is the company's estimate of the fair value of its borrowings.
Par value is the nominal value of the borrowings less any unamortised issue expenses.
Total assets means total assets less current liabilities.

DIVIDEND INFORMATION (Net)

Year to 31 October

2008

2007

% change

Interim Dividend

4.45p

4.30p

+3.5

Final Dividend

-

4.80p

-

Special Dividend

 

2.00p

 

Total Dividend

-

11.10p

-

 

Please remember that past performance may not be repeated and is no indicator of future performance. The value of shares and the income from them can go down as well as up as a result of market and currency fluctuations and investors may not get back the amount originally invested.  SIT has a long term policy of borrowing money to invest in equities in the expectation that this will improve returns and, should stockmarkets fall, such borrowings would magnify losses on these investments.  For planning purposes, an investment in The Scottish Investment Trust PLC should be viewed as a long term commitment. All sources SIT unless otherwise stated.  Industry Classification Benchmark (ICB):  Source and copyright© FTSE International Limited and Dow Jones & Company, Inc.  All rights therein are reserved. ICB is jointly owned by FTSE and Dow Jones and has been licensed for use. FTSE and Dow Jones do not accept liability to any person for any loss or damage arising out of any error or omission in the ICB.
 


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An investment company registered in Scotland number 1651

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