The Edinburgh Investment Trust Plc Annual Financial Report 2022 - Flipbook - Page 63
THE EDINBURGH INVESTMENT TRUST PLC / FINANCIAL REVIEW / 61
The revenue reserve shows the net revenue retained after payment of any dividends. The revenue reserve and certain amounts of the
capital reserve are distributable by way of dividend.
2. INCOME
This note shows the income generated from the portfolio (investment assets) of the Company and income received from any other
source.
2022
£’000
2021
£’000
11
–
Income from investments:
UK zero coupon bond income
UK dividends
32,253
26,028
UK special dividends
6,689
2,432
Overseas dividends
5,193
4,368
28
11
44,174
32,839
–
3
37
–
Income from money market funds
Other income:
Deposit interest
Underwriting commission
Total income
37
3
44,211
32,842
Special dividends of £10,036,000 were recognised in capital during the year (2021: £11,041,000).
3. INVESTMENT MANAGEMENT FEE
This note shows the fee due to the Manager. This is calculated and paid monthly.
2022
Investment management fee
2021
Revenue
£’000
Capital
£’000
Total
£’000
Revenue
£’000
Capital
£’000
Total
£’000
1,512
3,528
5,040
1,016
2,371
3,387
Details of the investment management agreement is disclosed on page 39 in the Directors’ Report. At 31 March 2022 investment
management fees of £427,000 (2021: £407,000) were accrued.