HALF-YEARLY FINANCIAL REPORT 2024 - Flipbook - Page 15
THE EDINBURGH INVESTMENT TRUST PLC / GOVERNANCE / 13
GOING CONCERN, RELATED PARTY TRANSACTIONS
AND STATEMENT OF DIRECTORS’ RESPONSIBILITIES
IN RESPECT OF THE PREPARATION OF THE HALF-YEARLY FINANCIAL REPORT
GOING CONCERN
STATEMENT OF DIRECTORS’ RESPONSIBILITIES
This Half-Yearly Financial Report has been prepared on a
going concern basis. The Directors consider that this is the
appropriate basis as the Company has adequate resources to
continue in operational existence for the foreseeable future
being at least twelve months from the date of this report. In
considering this, the Directors have reviewed the Company’s
investment objective and capital structure. The Directors
considered the diversified portfolio of readily realisable
securities which can be used to meet funding commitments,
the long-term nature and obligations of the Unsecured
Senior Loan Notes, and the ability of the Company to meet
all its liabilities and ongoing expenses from its assets and
revenue. The Directors also considered revenue forecasts
for the forthcoming year and future dividend payments and
accumulated revenue reserves in concluding that the going
concern basis is appropriate.
The Directors are responsible for preparing the Half-Yearly
Financial Report using accounting policies consistent with
applicable law and UK Accounting Standards.
RELATED PARTY TRANSACTIONS
Under UK Generally Accepted Accounting Practice (UK
Accounting Standards and applicable law) and in accordance
with the definition provided by Listing Rule 11.1.4, the
Company has identified the Directors as related parties. No
other related parties have been identified. No transactions
with related parties have taken place which have materially
affected the financial position or the performance of the
Company.
The Directors confirm that to the best of their knowledge:
–
the condensed set of financial statements has been
prepared in accordance with the FRS 104 Interim Financial
Reporting; and
–
the Interim Management Report includes a fair review
of the information required by Disclosure Guidance and
Transparency Rules (DTR):
(a) DTR 4.2.7R, being an indication of important events
that have occurred during the first six months of the
financial year and their impact on the condensed
set of financial statements; and a description of the
principal risks and uncertainties for the remaining six
months of the year; and
(b) DTR 4.2.8R, being related party transactions that
have taken place in the first six months of the current
financial year and that have materially affected the
financial position or performance of the Company
during that period; and any changes in the related
party transactions described in the last Annual Report
that could do so.
This Half-Yearly Financial Report has not been audited or
reviewed by the Company’s auditor.
Signed on behalf of the Board of Directors
ELISABETH STHEEMAN
CHAIR
18 NOVEMBER 2024
