2011 Report.pdf - Fortress Fund Managers

Fortress Caribbean High Interest Fund Limited
Notes to Financial Statements
September 30, 2011
(expressed in Barbados dollars)
5 Investments
The classification of the Fund's investments is detailed below:
Financial assets at fair value through profit or loss
Debt securities
- government backed securities 8,592,152 9,850,047
- corporate securities 5,342,783 4,027,065
- listed equity securities 12,194,942 5,833,648
- mutual funds 10,792,997 6,482,616
Total financial assets designated as fair value through profit or
loss 36,922,874 26,193,376
Loans receivable 23,393,910 58,084,325
Total investments 60,316,784 84,277,701
Gains/(losses) recognised in relation to financial assets at fair
value through profit or loss:
- unrealised (loss)/gain (589,384) 1,806,876
- realised gain 345,277 541,694
- impairment charge (181,031) –
Net (loss)/gain (425,138) 2,348,570
The fair value of the Fund's investments is disclosed below:
2011
$
2011 2010
2010
$
Carrying
value
$
Fair value
$
Carrying
value
$
Fair value
$
Financial assets at fair value
through profit or loss 36,922,874 36,922,874 26,193,376 26,193,376
Loans and receivables 23,393,910 23,204,624 58,084,325 57,767,020
60,316,784 60,127,498 84,277,701 83,960,396
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