The Edinburgh Investment Trust Plc Annual Financial Report 2022 - Flipbook - Page 67
THE EDINBURGH INVESTMENT TRUST PLC / FINANCIAL REVIEW / 65
9. INVESTMENTS
The portfolio comprises investments which are principally listed on a regulated stock exchange or traded on AIM. A very
small proportion of investments are valued by the Directors as they are unlisted.
Gains or losses are either:
–
realised, usually arising when investments are sold; or
–
unrealised, being the difference from cost on those investments still held at the year end.
(a) Analysis of investments by listing status
Investments listed on a recognised investment exchange
Unlisted or suspended investments at Directors' valuation
2022
£’000
2021
£’000
1,218,419
1,150,903
306
105
1,218,725
1,151,008
2022
£’000
2021
£’000
1,026,675
1,068,853
(b) Analysis of investment gains/(losses):
Opening book cost
Opening investment holding gains/(losses)
Opening valuation
124,333
(146,420)
1,151,008
922,433
427,683
416,676
(461,781)
(435,697)
101,815
247,596
Closing valuation
1,218,725
1,151,008
Closing book cost
1,048,510
1,026,675
Movements in year:
– Purchases at cost
– Sales proceeds
Gains on investments in the year
Closing investment holding gains
Closing valuation
170,215
124,333
1,218,725
1,151,008
The Company received £461,781,000 (2021: £435,697,000) from investments sold in the year. The book cost of these investments when they
were purchased was £405,848,000 (2021: £458,854,000) realising a profit of £55,933,000 (2021: £23,157,000). These investments have been
revalued over time and until they were sold any unrealised profits/losses were included in the fair value of the investments.
The transaction costs included in gains on investments amount to £1,698,000 (2021: £1,917,000) on purchases and £152,000 (2021: £167,000)
for sales.