Report - Nikko AM Asia Limited

NIKKO AM SHENTON GLOBAL PROPERTY SECURITIES FUND
(Constituted under a Trust Deed registered in the Republic of Singapore)
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 30 June 2013
7. Units in issue (continued)
2012
S$
As previously stated 49,338,126
Effect of adoption of revised RAP 7 (419,322)
Net asset attributable to unitholders 48,918,804
As previously stated 0.706
Effect of adoption of revised RAP 7 per unit (0.006)
Net asset attributable to unitholders per unit 0.700
As described in Note 2 and consistent with the requirement of the revised RAP 7, in
preparing the Statement of Movement of Unitholders’ at 30 June 2013 and 2012,
the Fund’s distribution should be accrued for at the point in time when the
necessary approval have been obtained and legal and constructive obligation has
been created. The difference in recognising distribution as prescribed in Note 2 and
the methodology indicated in the Fund’s regulations, results in a change in the net
asset value of S$194,946 (2012: S$419,322) for the purpose of calculating the net
asset value per unit for processing subscriptions and redemptions in the Fund.
The effect of bid market prices in the net assets attributable to unitholders is as
follow:
2013 2012
Net assets attributable to unitholders per financial
statements per unit – S$ 0.743 0.700
Effect of distribution per unit – S$ 0.005 0.006
Effect of adopting bid prices at fair value per unit – S$ 0.002 0.002
Net assets attributable to unitholders for issuing/
redeeming per unit – S$ 0.750 0.708
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