HALF-YEARLY FINANCIAL REPORT 2024 - Flipbook - Page 20
18 / FINANCIAL REVIEW / THE EDINBURGH INVESTMENT TRUST PLC
CONDENSED CASH FLOW STATEMENT
Six months to 30 September
2024
£’000
2023
£’000
95,128
39,490
Cash flow from operating activities
Net return before finance costs and taxation
Tax on overseas income – note 4
(56)
(144)
(303,842)
(89,511)
Adjustments for:
Purchase of investments
Sale of investments
Gains on investments held at fair value
Decrease in debtors
Decrease in creditors
335,020
119,464
31,178
29,953
(75,896)
(21,802)
5,503
7,529
(30)
Net cash inflow from operating activities
55,827
(1,255)
53,771
Cash flow from financing activities
Interest and commitment fees paid on bank facility
Interest paid on Unsecured Senior Loan Notes
(7)
(3)
(1,477)
(1,494)
Shares bought back and held in treasury
(22,618)
(32,243)
Dividends paid – note 5
(20,817)
(22,086)
Net cash outflow from financing activities
(44,919)
(55,826)
Net increase/(decrease) in cash and cash equivalents
10,908
(2,055)
Cash and cash equivalents at start of the period
36,314
22,362
Cash and cash equivalents at the end of the period
47,222
20,307
Reconciliation of cash and cash equivalents to the Balance Sheet is as follows:
Cash held at custodian
Goldman Sachs Sterling Liquid Reserves Fund
Cash and cash equivalents
1,272
1,131
45,950
19,176
47,222
20,307
26,617
27,237
6
7
Non-cash
movement
£’000
At
30 September
2024
£’000
Cash flow from operating activities includes:
Dividends received
Interest received
At 1 April
2024 Cash flows
£’000
£’000
Reconciliation of net debt:
Cash and cash equivalents
Unsecured Senior Loan Notes
Total
10,908
–
(120,000)
36,314
–
–
(120,000)
47,222
(83,686)
10,908
–
(72,778)
