abrdn Equity Income Trust plc released its annual financial report for the year ended September 30, 2024, highlighting the companys performance and financial position. The report provides an overview of the companys investment objective, strategy, and key performance indicators. The chairs statement addresses the financial markets volatility due to geopolitical tensions and the UKs economic landscape. The portfolio managers review offers insights into market trends, revenue, and portfolio performance. The report also includes details on the companys business model, investment policy, and approach to ESG and engagement. The financial statements provide a comprehensive view of the companys financial position, with notes on accounting policies, investments, and segmental information. The report concludes with additional notes and a summary of key performance indicators.
| 2024 | 2023 |
|---|---|
| ยฃ'000 | ยฃ'000 |
| Revenue | Capital | Total | Revenue | Capital | Total |
| 12,735 | 219 | 12,954 | 12,598 | - | 12,598 |
| Investment management fee | 252 | 588 | 840 | 302 | 704 | 1,006 |
| Administrative expenses | 459 | - | 459 | 508 | - | 508 |
| Net return before finance costs and taxation | 12,024 | 9,083 | 21,107 | 11,788 | (7,148) | 4,640 |
| Finance costs | (454) | (1,060) | (1,514) | (401) | (936) | (1,337) |
| Return before taxation | 11,570 | 8,023 | 19,593 | 11,387 | (8,084) | 3,303 |
| Taxation | (560) | - | (560) | (278) | - | (278) |
| Return after taxation | 11,010 | 8,023 | 19,033 | 11,109 | (8,084) | 3,025 |
| Return per Ordinary share | 23.05p | 16.80p | 39.85p | 23.43p | (17.05p) | 6.38p |