4 Jan 2007 11:57
EUROPEAN UTILITIES TRUST PLC
The net asset value per Ordinary Income share of European Utilities Investment Trust plc as at close of business on 31 December 2006 was 280.07p.
The net asset value per Zero Dividend Preference shares was 296.21p.
Funds under management were ‚£38,776,259.
The portfolio has been valued using bid prices.
Movements in the fair value of the Company's derivative financial instrument are recognised in the net asset value. This comprises of an interest swap associated with the Company's borrowings.
The analysis of the gross assets less current liabilities at 31 December 2006 by geographical area is as follows:
Czech Republic 5% France 15% Germany 15% Italy 8% Portugal 4% Spain 14% United Kingdom 27% Cash 12% 100% The analysis of the gross assets less current liabilities by sector is asfollows:Electricity 50% Water 18% Gas Distribution 6% Telecoms 4% Infrastructure 10% Cash 12% 100%4 January 2007
EUROPEAN UTILITIES TRUST PLC