Report - Nikko AM Asia Limited

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
8. Financial ratios (continued)
Turnover ratio (continued)
Eight Portfolio E
2013 2012
Lower of total value of purchases or sales S$ NA NA
Average daily net asset value S$ NA NA
Total turnover ratio 2 % NA NA
2 The portfolio turnover ratio is calculated in accordance with the formula stated in the Code on Collective
Investment Schemes. The calculation of the portfolio turnover ratio was based on the lower of the total value of
purchases or sales of the underlying investments, divided by the average daily net asset value. In line with
Statement of Recommended Accounting Practice 7 “Reporting framework for Unit Trusts” (“RAP 7”) issued by
the Institute of Singapore Chartered Accountant in June 2012, total value of purchases or sales for the current
year do not include brokerage and other transaction costs.
9. Comparatives
The 2012 comparative figures have been reclassified to conform with changes in
the current presentation, in relation to the revised Recommended Accounting
Practice 7 “Reporting Framework for Unit Trusts” issued by the Institute of
Singapore Chartered Accountants in June 2012.
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