Brainworks_Capital_Management_2012_Annual_Report
Brainworks_Capital_Management_2012_Annual_Report
Brainworks_Capital_Management_2012_Annual_Report
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<strong>2012</strong> FINANCIAL STATEMENTS<br />
STATEMENT OF COMPREHENSIVE INCOME<br />
FOR THE YEAR ENDED 31 DECEMBER <strong>2012</strong><br />
25<br />
NOTE<br />
31-DEC-12<br />
US$<br />
31-DEC-11<br />
US$<br />
Fee income 692 216<br />
-<br />
Interest income - 31 663<br />
Share of associate income 39 000<br />
-<br />
Dividend income 74 135 38 052<br />
Net gain from financial instruments at fair value<br />
through profit and loss 7 2 268 016 1 219 360<br />
TOTAL REVENUE 3 073 367 1 289 075<br />
Directors’ fees -<br />
-<br />
Transaction costs 38 660 84 473<br />
Audit and legal fees 19 985 20 880<br />
Other operating expenses 8 684 738 643 898<br />
TOTAL OPERATING EXPENSES 743 383 749 251<br />
OPERATING PROFIT BEFORE FINANCE COSTS 2 329 984 539 824<br />
Finance costs 9 2 012 250 344 122<br />
PROFIT BEFORE TAX 317 734 195 702<br />
Tax credit 10 255 024 215 413<br />
PROFIT AFTER TAX 572 758 411 115<br />
Other comprehensive income -<br />
-<br />
TOTAL COMPREHENSIVE INCOME 572 758 411 115<br />
BRAINWORKS CAPITAL MANAGEMENT (PRIVATE) LIMITED<br />
<strong>2012</strong> ANNUAL REPORT
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