Report - Nikko AM Asia Limited

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NIKKO AM SHENTON EIGHT PORTFOLIOS (Constituted under a Trust Deed registered in the Republic of Singapore) STATEMENTS OF PORTFOLIO As at 31 December 2013 By Geography (Primary) Quoted Investment Funds Holdings at 31 December 2013 Eight Portfolio E Fair value at 31 December 2013 Percentage of total net assets attributable to unitholders at 31 December 2013 S$ % SINGAPORE Nikko AM Global Dividend Equity Fund 19,941,550 21,776,172 81.92 Singapore Dividend Equity Fund 2,695,918 4,262,246 16.04 Total Singapore 26,038,418 97.96 Total Quoted Investment Funds 26,038,418 97.96 Portfolio of investments 26,038,418 97.96 Other net assets 543,571 2.04 Net assets attributable to unitholders 26,581,989 100.00 By Geography (Summary) Quoted Investment Funds Percentage of total net assets attributable to unitholders at 31 December 2013 Percentage of total net assets attributable to unitholders at 31 December 2012 % % Singapore 97.96 96.99 Total Quoted Investment Funds 97.96 96.99 Portfolio of investments 97.96 96.99 Other net assets 2.04 3.01 Net assets attributable to unitholders 100.00 100.00 As the sub-funds are invested wholly as feeder funds into underlying unit trusts, it is not meaningful to classify the investments into industry, country or asset classes. The accompanying notes form an integral part of these financial statements. 25
NIKKO AM SHENTON EIGHT PORTFOLIOS (Constituted under a Trust Deed registered in the Republic of Singapore) NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2013 These notes form an integral part of and should be read in conjunction with the accompanying financial statements. 1. General Nikko AM Shenton Eight Portfolios comprising Eight Portfolio A, Eight Portfolio B, Eight Portfolio C, Eight Portfolio D, Eight Portfolio E (collectively referred to as the “sub-funds”) are constituted as unit trusts in Singapore and as sub-funds of Eight Portfolio, pursuant to the Trust Deed dated 3 January 2002 as amended by Supplemental Deeds (collectively referred to as the “Deeds”). The Deeds are governed by the laws of the Republic of Singapore. As of 1 June 2013, the Trustee of the sub-funds have changed to BNP Paribas Trust Services Singapore Limited (the “Trustee”). The Manager of the sub-funds is Nikko Asset Management Asia Limited. The Manager may in its sole discretion invest the assets of the above sub-funds in funds established under the Horizon Investment Funds managed by Nikko Asset Management Asia Limited, namely the Horizon Global Bond Fund (S$ Hedged), Singapore Dividend Equity Fund, Horizon Singapore Fixed Income Enhanced Fund and Nikko AM Global Dividend Equity Fund (formerly known as Horizon Global Equity Fund). 2. Significant accounting policies The principal accounting policies applied in the preparation of these financial statements are set out below: (a) Basis of preparation The financial statements have been prepared under the historical-cost convention, as modified by the revaluation of financial assets held at fair value through profit or loss. The sub-funds has adopted the recommendations of Recommended Accounting Practice 7 “Reporting Framework for Unit Trusts” issued by the Institute of Singapore Chartered Accountants (formerly known as Institute of Certified Public Accountants of Singapore) in June 2012 ("RAP 7") for the financial year beginning 1 January 2013. 26
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NIKKO AM SHENTON EIGHT PORTFOLIOS (
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ANNUAL REPORT For the financial yea
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With effect from 1 April 2011, the
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external environment resulted in el
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over the period due to the Bank of
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IMPORTANT INFORMATION This document
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