Value Partners “A” Fund - Offshore-Rebates
Value Partners “A” Fund - Offshore-Rebates
Value Partners “A” Fund - Offshore-Rebates
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<strong>Value</strong> <strong>Partners</strong> <strong>“A”</strong> <strong>Fund</strong><br />
(A Cayman Islands Unit Trust)<br />
STATEMENT OF MOVEMENTS IN CAPITAL ACCOUNT AND ACCUMULATED NET INCOME<br />
FOR THE YEAR ENDED 31 DECEMBER 2002<br />
2002 2001<br />
US$<br />
US$<br />
Capital account brought forward 68,855,924 38,645,975<br />
Net proceeds on issue of units 129,701,950 12,831,932<br />
Less: Redemption of units (25,062,882) (5,397,280)<br />
173,494,992 46,080,627<br />
Unrealised gain in value of investments<br />
At the beginning of the year 8,437,248 4,506,618<br />
At the end of the year 15,796,554 8,437,248<br />
7,359,306 3,930,630<br />
Realised gain on sale of investments 8,094,323 18,886,470<br />
Exchange gain/(loss) 38,111 (41,803)<br />
Capital account carried forward 188,986,732 68,855,924<br />
Net income/(loss) for the year 2,212,610 (1,373,106)<br />
Accumulated net income brought forward 10,809,257 12,182,363<br />
Accumulated net income carried forward 13,021,867 10,809,257<br />
<strong>Value</strong> of the <strong>Fund</strong> carried forward 202,008,599 79,665,181<br />
The notes and information on pages 14 to 30 form part of these accounts.<br />
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