ABN AMRO Funds - Aia.com.hk

Statement of Net Assets as at April 30, 2008
Asian Tigers
Equity Fund
Asia Pacific
High Dividend
Equity Fund
Asia Pacific
Property
Equity Fund
Brazil Equity
Fund
China Equity
Fund
Clean Tech
Fund
Consumer
Goods Fund
USD USD USD USD USD EUR EUR
Assets
- Investments at fair value 526,331,834 35,857,689 12,821,740 486,013,521 1,156,229,377 27,933,300 106,905,299
- Unrealised gain on written options 0 0 0 0 0 0 0
- Unrealised gain on forward foreign exchange
0 0 0 0 531 0 0
contracts
- Unrealised gain on swap contracts 0 0 0 0 0 0 0
- Unrealised gain on futures contracts 0 0 0 0 0 0 0
- Upfront fee paid on swap contracts 0 0 0 0 0 0 0
- Interest receivable on swap contracts 0 0 0 0 0 0 0
- Accrued interest 0 0 0 0 0 0 0
- Receivable for investment securities sold 4,196,910 767,903 21,297 6,661,922 9,675,850 0 0
- Dividends receivable 1,271,446 86,569 52,591 2,799,511 2,478,654 30,205 171,385
- Receivable for shares subscribed 229,997 397,707 250 4,679,374 10,915,558 136,169 174,265
- Premium paid on options purchased 0 0 0 0 0 0 0
- Other receivables 0 0 0 0 0 0 0
- Cash at banks 9,885,692 2,649,502 416,241 2,744,747 13,921,452 1,201,041 713,239
Total Assets 541,915,879 39,759,370 13,312,119 502,899,075 1,193,221,422 29,300,715 107,964,188
Liabilities
- Bank overdraft 4,049,343 4,199 70 43,139 5,199 0 0
- Premium received on written options 0 0 0 0 0 0 0
- Payable for investment securities purchased 4,342,105 583,628 0 6,888,697 0 0 0
- Payable for shares redeemed 512,808 191,237 6,242 2,087,629 2,093,361 29,792 135,606
- Accrued expenses and others payables 826,217 52,078 19,016 693,301 1,925,202 61,330 159,211
- Unrealised loss on options contracts 0 0 0 0 0 0 0
- Unrealised loss on futures contracts 0 0 0 0 0 0 0
- Unrealised loss on forward foreign exchange
0 0 0 0 0 0 0
contracts
- Unrealised loss on swap contracts 0 0 0 0 0 0 0
- Upfront fee received on swap contracts 0 0 0 0 0 0 0
- Interest payable on swap contracts 0 0 0 0 0 0 0
Total Liabilities 9,730,473 831,142 25,328 9,712,766 4,023,762 91,122 294,817
TOTAL NET ASSETS 532,185,406 38,928,228 13,286,791 493,186,309 1,189,197,660 29,209,593 107,669,371
Statement of operations and changes in Net Assets for the financial year 2007/2008
Asian Tigers
Equity Fund
Asia Pacific
High Dividend
Equity Fund
Asia Pacific
Property
Equity Fund
Brazil Equity
Fund
China Equity
Fund
Clean Tech
Fund
Consumer
Goods Fund
USD USD USD USD USD EUR EUR
Income
- Bank Interest 616,474 61,064 18,284 112,104 773,645 37,342 48,274
- Interest on bonds, net of withholding taxes 0 0 0 0 0 0 0
- Interest on swap contracts 0 0 0 0 0 0 0
- Dividends, net of withholding taxes 14,660,510 995,439 530,029 9,138,855 17,985,097 94,864 1,651,004
- Security lending income 432,769 7,411 0 46,026 349,666 7,371 269,510
- Other Income 49,998 10,887 1 3,689 0 7,708 4,764
Total income 15,759,751 1,074,801 548,314 9,300,674 19,108,408 147,285 1,973,552
Expenses
- Interest 31,953 6,362 34 5,142 32,733 4,400 841
- Interest paid on swap contracts 0 0 0 0 0 0 0
- Management fee 12,335,959 557,941 316,992 4,645,966 22,001,441 261,090 1,610,402
- Service fee 1,931,151 95,521 52,832 730,094 3,187,547 37,299 214,720
- Subscription Tax 312,946 20,290 10,449 135,632 633,514 22,217 53,440
- Distribution fee on class -D- shares 389,139 0 0 0 1,181,391 0 0
- Performance fees 0 0 0 0 0 0 0
- Other expenses* 75,116 16 0 4,666 114,281 230 4
Total expenses 15,076,264 680,130 380,307 5,521,500 27,150,907 325,236 1,879,407
Net profit(loss) 683,487 394,671 168,007 3,779,174 (8,042,499) (177,951) 94,145
- Realised results on investments 200,826,823 1,593,783 (1,572,485) 23,715,950 328,189,827 (50,770) 18,198,243
- Realised results on swap contracts 0 0 0 0 0 0 0
- Realised results on options contracts 0 0 0 0 0 0 0
- Realised results on futures contracts 0 0 0 0 0 0 0
- Realised results on forward foreign exchange
14,985,679 1,631,437 1,054,680 10,223,210 4,070,173 (316,554) (9,655,881)
contracts and foreign currencies
- Capital gain tax (1,308,170) (5,808) (2,718) 0 0 0 0
- Net change in unrealised results on investments (100,406,122) (1,464,584) (440,420) 65,796,262 (55,169,359) (5,233,568) (14,547,426)
- Net change in unrealised results on swap contracts 0 0 0 0 0 0 0
- Net change in unrealised results on foreign currency (143,632) 10,630 3,430 (13,591) 19,698 9,269 (3,905)
- Net change in unrealised results on options and
0 0 0 0 0 0 0
futures contracts
- Net change in unrealised results on forward foreign
0 0 0 0 531 0 0
exchange contracts
Result from operations 114,638,065 2,160,129 (789,506) 103,501,005 269,068,371 (5,769,574) (5,914,824)
- Dividends Distributed (1,500) (225,983) (29,372) (55,414) 0 0 0
- Net proceeds from issued/redeemed shares (373,671,750) 9,756,230 (7,452,687) 331,225,662 (67,189,321) 34,979,167 (32,457,992)
- Increase (decrease) in net assets (259,035,185) 11,690,376 (8,271,565) 434,671,253 201,879,050 29,209,593 (38,372,816)
Total Exchange net assets Difference as at April 30, 2007 791,220,591 27,237,852 21,558,356 58,515,056 987,318,610 0 146,042,187
Total net assets as at April 30, 2008 532,185,406 38,928,228 13,286,791 493,186,309 1,189,197,660 29,209,593 107,669,371
* Other expenses are made up of claims payable and other sundry items.
The accompanying notes to the financial statements form an integral part of these financial statements.
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