Merrill Lynch International Investment Funds Audited Annual Report ...

Statement of Operations and Changes in Net Assets for the year ended
31 December 2006
Merrill Lynch
International Asian Conservative Conservative
Investment Funds US$
Asian Tiger Allocation Allocation
Fund Name Notes equivalent
Combined
US$
Dragon
US$
Bond
US$
(Euro)
€
(US Dollar)
US$
Income
Bank interest
62,373,511 114,411 22,136 212,831 43,358
Bond interest
215,256,308 – 6,712,782 2,451,097 301,826
Interest on cash equivalent
18,072,165 412,149 – 64,426 23,021
Dividends
798,011,477 11,166,755 – 641,066 48,546
Stock lending
26,860,192 – – – –
Total income
2(b) 1,120,573,653 11,693,315 6,734,918 3,369,420 416,751
Expenses
Bank interest
Custodian and Depositary fees
Distribution fees
Fund accounting fees
Luxembourg tax
Management fees
Transfer agent fees
Other charges
Less Annual Management fee waiver
Total expenses
Net investment income/(deficit)
Net profits/(losses) realised on:
Investments
Contract for difference
Futures contracts
Options contracts
Swaps transactions
Forward foreign exchange contracts
Foreign currencies on other transactions
Net profit/(loss) for the year
Net change in unrealised appreciation/(depreciation) on:
Investments
Contract for difference
Futures contracts
Options contracts
Swaps transactions
Forward foreign exchange contracts
Foreign currencies on other transactions
Net receipts as a result of issue of shares
Net payments as a result of repurchase of shares
Dividends paid
Foreign exchange valuation movement
Change in total net assets for the year
Net assets at the beginning of the year
Net assets at end of the year
8,141,891 7,431 37,477 77,315 223
5 16,669,021 271,193 42,693 77,234 27,707
4 72,896,424 1,667,667 407,589 682,224 72,478
6 7,716,818 57,768 12,993 17,355 1,636
8 29,262,802 217,646 48,258 71,713 6,706
4 904,968,257 6,303,466 907,605 1,749,918 165,637
7 16,555,226 216,765 69,149 68,522 40,091
9 26,823,432 208,828 49,370 63,413 6,072
4 (387,498) – – (110,826) (49,077)
1,082,646,373 8,950,764 1,575,134 2,696,868 271,473
37,927,280 2,742,551 5,159,784 672,552 145,278
3,942,609,347 68,230,041 (374,019) (719,376) 93,276
79,069,250 – – – –
21,825,238 – (23,010) (3,362,910) (244,780)
(28,574,325) – (5,934) – –
(1,094,004) – (73,728) 292,530 236,839
281,010,507 (245,324) 1,391,823 364,879 66,458
(27,969,807) (536,586) 6,587 (18,749) (54,750)
4,304,803,486 70,190,682 6,081,503 (2,771,074) 242,321
5,348,547,053 27,862,749 (1,025,720) 1,319,243 242,463
(53,921,784) – – – –
(3,757,071) – (33,152) (108,383) (3,988)
(3,243,408) – (18,647) – –
1,072,631 – 73,728 357,765 27,491
(35,683,062) – 267,242 (141,179) (29,385)
(219,478,210) (15,652) (10,415) 25,759 2,884
63,530,162,078 358,160,628 81,355,064 162,549,671 16,542,110
(46,288,835,520) (389,413,421) (110,022,053) (141,255,528) (11,260,326)
15 (33,401,123) (322,037) (1,805,976) (4,721) (8,489)
1,231,707,046
27,777,972,116 66,462,949 (25,138,426) 19,971,553 5,755,081
40,008,541,941 414,869,510 115,124,467 88,056,182 7,173,300
67,786,514,057 481,332,459 89,986,041 108,027,735 12,928,381
(1) Fund name changed, see Note 1, for further details.
(2) New Shares activated, see Note 1, for further details.
34 Merrill Lynch International Investment Funds