Merrill Lynch International Investment Funds Audited Annual Report ...

Statement of Operations and Changes in Net Assets for the year ended
31 December 2006 continued
US US US
Flexible Focused Government US US
Fund Name Notes Equity Value Mortgage Growth Opportunities
US$ US$ US$ US$ US$
Income
Bank interest
Bond interest
Interest on cash equivalent
Dividends
Stock lending
Total income
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
Change in total net assets for the year
Net assets at the beginning of the year
564,271 1,178,815 264,363 124,795 160,955
– – 6,097,715 – –
– – – – –
70,090,476 11,266,917 – 1,319,193 685,827
6,333,505 1,030,443 – 88,759 13,612
2(b) 76,988,252 13,476,175 6,362,078 1,532,747 860,394
427,323 299,355 311,024 77,006 76,636
5 777,986 94,464 23,798 56,862 70,963
4 4,437,535 531,768 359,945 474,439 131,904
6 979,886 112,326 14,791 22,186 21,631
8 3,935,359 418,047 48,351 83,823 83,772
4 107,213,915 12,086,172 938,146 2,458,828 2,439,242
7 1,061,026 202,631 73,390 96,931 195,214
9 3,390,215 367,441 59,846 82,530 79,018
4 – – – – –
122,223,245 14,112,204 1,829,291 3,352,605 3,098,380
(45,234,993) (636,029) 4,532,787 (1,819,858) (2,237,986)
114,023,137 57,885,733 (239,612) 13,453,055 25,287,166
– – – – –
– – (235,897) – –
– – – 38,023 –
– – 86,171 – –
213,063,293 3,785,769 362,603 (29,379) –
(7,248,563) 106,899 (32,794) (16,944) (80,824)
274,602,874 61,142,372 4,473,258 11,624,897 22,968,356
717,695,602 104,693,412 (235,269) (5,487,612) (10,638,875)
– – – – –
– – 129,374 – –
– – – – –
– – (86,171) – –
(23,082,603) (638,458) (134,148) – –
33,873,881 250,288 65,978 1,788 –
7,448,637,505 639,061,356 68,172,991 116,998,916 163,731,517
(4,049,239,198) (558,364,145) (85,204,480) (176,082,709) (169,244,238)
15 – (29) (2,476,410) – –
4,402,488,061 246,144,796 (15,294,877) (52,944,720) 6,816,760
4,087,926,712 808,216,639 115,864,638 185,289,342 143,320,582
Net assets at end of the year
8,490,414,773 1,054,361,435 100,569,761 132,344,622 150,137,342
40 Merrill Lynch International Investment Funds