267694 EdinburghIT AR 2024 WEB - Flipbook - Page 71
THE EDINBURGH INVESTMENT TRUST PLC / FINANCIAL REVIEW / 69
11. OTHER PAYABLES
Creditors are amounts which must be paid by the Company and are split between those payable within 12 months of the
balance sheet date and those payable after that time. The main creditors have historically been the long term debt and bank
borrowings. The other creditors include any amounts due to brokers for the purchase of investments, amounts owing on share
buy backs awaiting settlement or amounts owed to suppliers (accruals) such as the Manager and auditors.
2024
£’000
2023
£’000
Amounts due to brokers
5,914
–
Share buybacks awaiting settlement
1,098
–
696
2,059
7,708
2,059
Accruals and deferred income
12. UNSECURED SENIOR LOAN NOTES
These creditors are amounts that must be paid, as shown by note 11, but are due more than one year after the balance
sheet date.
Unsecured Senior Loan Notes – 2.26% interest rate, maturity 30 September 2037
2024
£’000
2023
£’000
35,000
35,000
Unsecured Senior Loan Notes – 2.49% interest rate, maturity 30 September 2047
35,000
35,000
Unsecured Senior Loan Notes – 2.53% interest rate, maturity 30 September 2051
20,000
20,000
Unsecured Senior Loan Notes – 2.53% interest rate, maturity 30 September 2057
30,000
30,000
120,000
120,000
The Unsecured Senior Loan Notes comprise four separate notes. As shown above, each has a fixed interest rate and contracted
maturity date when the par value must be repaid. Interest is payable on a semi-annual basis, with equal amounts payable on
each of 31 March and 30 September each year. These notes require the net assets of the Company to remain not less than
£300m and net debt to remain less than 35% of net assets. This requirement was met throughout the year.
13. CALLED UP SHARE CAPITAL
Share capital represents the total number of shares in issue, including treasury shares.
2024
£’000
2023
£’000
Ordinary shares of 25 pence each
37,873
41,369
Treasury shares of 25 pence each
11,044
7,548
48,917
48,917
Share capital:
