Untitled - Fundsupermart.com

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
1 The Fund and the Sub-Funds
Macquarie Unit Trust Series (the “Fund”) is a Cayman Islands based umbrella trust. The Fund was
established as an exempted trust under the laws of the Cayman Islands by a trust deed (the “Trust Deed”)
dated 23 January 2007, as amended, made between MQ Portfolio Management Limited as manager and
HSBC Trustee (Cayman) Limited as trustee (the “Trustee”).
Macquarie Funds Management Hong Kong Limited (“MFMHKL”) is the manager of the Fund (the
“Manager”).The Manager is registered with Securities and Futures Commission of Hong Kong and Securities
and Exchange Commission of the United States of America. MFMHKL has appointed MQ Portfolio
Management Limited (“MQPML”) as the sub-manager (the Sub-Manager), in respect of the Fund pursuant to
a sub-management agreement. HSBC Trustee (Cayman) Limited is the trustee (the ‘’Trustee’’) of the Fund.
The Trust Deed of the Fund provides for the establishment of a number of different sub-funds. At 30 June
2013, there were four established sub-funds: Macquarie IPO China Concentrated Core Fund, IPO China
Gateway Fund, Macquarie Asia New Stars Fund and Macquarie Asia Infrastructure Equity Fund.
This financial report presents the financial statements of three of the Sub-Funds. Macquarie IPO China
Concentrated Core Fund commenced operations on 8 March 2007, Macquarie IPO China Gateway Fund
commenced operations on 8 August 2007, Macquarie Asia New Stars Fund commenced operations on 5
December 2007, (individually known as the “Sub-Fund”) and were established and constituted respectively
by a deed supplemental to the Trust Deed (the “Supplemental Deeds”). A separate financial report has been
prepared for the other Sub-Fund.
Macquarie IPO China Concentrated Core Fund, Macquarie IPO China Gateway Fund, Macquarie Asia New
Stars Fund (the ‘‘Sub-Funds’’) are authorised by the Securities and Futures Commission of Hong Kong
under Section 104(1) of the Hong Kong Securities and Futures Ordinance and are required to comply with
the Code on Unit Trusts and Mutual Funds established by the Securities and Futures Commission of Hong
Kong (the “SFC Code”). The Macquarie Asia Infrastructure Equity is not presented in this report as it is not
registered with the Securities and Futures Commission of Hong Kong, and consequently is not available to
Hong Kong residents.
The investment objective of each of the Sub-Funds is set out in note 4(a).
2 Summary of significant accounting policies
The principal accounting policies adopted in the preparation of these financial statements are set out below.
a) Basis of preparation
The financial statements of the Sub-Funds have been prepared in accordance with International Financial
Reporting Standards (IFRS). The financial statements have been prepared under the historical cost
convention, as modified by the revaluation of financial assets and financial liabilities (including derivative
financial instruments) at fair value through profit or loss.
The financial statements of the Sub-Funds are presented under a multi-column format. Each column
represents a separate and individual reporting entity, namely Macquarie IPO China Concentrated Core Fund,
Macquarie IPO China Gateway Fund, and Macquarie Asia New Stars Fund. The Fund is not a reporting
entity.
The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting
estimates. It also requires the Manager and the Trustee to exercise their judgment in the process of applying
the accounting policies of each of the Sub-Funds. The areas involving a higher degree of judgment or
complexity are disclosed in note 4.
The term net assets refers to net assets attributable and redeemable by unitholders unless otherwise stated.
14