ABN AMRO Funds - Aia.com.hk

Statement of Net Assets as at April 30, 2008
High Yield
Bond Fund
Stable Euro
Bond Fund
US Bond Fund
Interest
Growth Fund
(Euro)
Interest
Growth Fund
(USD)
Lifecycle Fund
2015
Lifecycle Fund
2018
EUR EUR USD EUR USD EUR EUR
Assets
- Investments at fair value 375,868,292 265,426,784 77,496,190 202,780,858 90,046,362 13,173,662 7,538,345
- Unrealised gain on written options 0 0 0 0 0 0 0
- Unrealised gain on forward foreign exchange
4,916,421 0 0 1,904,521 0 0 0
contracts
- Unrealised gain on swap contracts 0 0 0 246,334 139,030 0 0
- Unrealised gain on futures contracts 0 0 0 0 27,140 0 0
- Upfront fee paid on swap contracts 0 0 0 0 0 0 0
- Interest receivable on swap contracts 0 0 0 0 13,484 0 0
- Accrued interest 8,134,198 3,135,703 884,907 352,340 139,367 129,175 58,500
- Receivable for investment securities sold 1,610,280 0 0 4,814,339 6,843,694 2,025 1,170
- Dividends receivable 0 0 0 0 0 13,263 11,189
- Receivable for shares subscribed 7,593,176 62,205 71,736 3,819,641 140,035 242,091 100,205
- Premium paid on options purchased 0 0 0 0 0 0 0
- Other receivables 0 0 0 0 0 0 0
- Cash at banks 35,570,561 3,253,452 584,415 142,768,296 17,032,263 196,284 123,583
Total Assets 433,692,928 271,878,144 79,037,248 356,686,329 114,381,375 13,756,500 7,832,992
Liabilities
- Bank overdraft 15,598 0 0 0 0 395 372
- Premium received on written options 0 0 0 0 0 0 0
- Payable for investment securities purchased 658,857 0 0 43,747,148 9,228,628 222,643 87,484
- Payable for shares redeemed 4,605,155 1,178,174 234,556 5,552,726 260,592 242,933 100,036
- Accrued expenses and others payables 430,387 214,374 54,608 157,567 56,678 15,219 8,629
- Unrealised loss on options contracts 0 0 0 0 0 0 0
- Unrealised loss on futures contracts 0 529,180 108,141 1,151,786 0 0 0
- Unrealised loss on forward foreign exchange
0 0 0 0 203,872 0 0
contracts
- Unrealised loss on swap contracts 0 0 0 0 0 0 0
- Upfront fee received on swap contracts 0 0 0 4,299 1,176 0 0
- Interest payable on swap contracts 0 0 0 33,706 24,574 0 0
Total Liabilities 5,709,997 1,921,728 397,305 50,647,232 9,775,520 481,190 196,521
TOTAL NET ASSETS 427,982,931 269,956,416 78,639,943 306,039,097 104,605,855 13,275,310 7,636,471
Statement of operations and changes in Net Assets for the financial year 2007/2008
High Yield
Bond Fund
Stable Euro
Bond Fund
US Bond Fund
Interest
Growth Fund
(Euro)
Interest
Growth Fund
(USD)
Lifecycle Fund
2015
Lifecycle Fund
2018
EUR EUR USD EUR USD EUR EUR
Income
- Bank Interest 1,004,391 152,361 48,057 3,451,519 389,648 11,737 5,707
- Interest on bonds, net of withholding taxes 30,532,609 11,686,590 3,985,951 83,113,963 8,112,505 233,881 89,507
- Interest on swap contracts 0 0 0 29,933 13,134 0 0
- Dividends, net of withholding taxes 0 0 0 0 0 90,763 65,748
- Security lending income 252,057 0 0 0 0 9,201 7,494
- Other Income 41 474 1,441,417 119 96 123 72
Total income 31,789,098 11,839,425 5,475,425 86,595,534 8,515,383 345,705 168,528
Expenses
- Interest 178,968 18 351 36,882 1,754 958 616
- Interest paid on swap contracts 0 0 0 387,899 108,107 0 0
- Management fee 4,690,439 2,283,023 559,362 6,160,716 718,448 128,433 64,791
- Service fee 587,003 456,605 111,872 1,320,480 152,855 17,514 8,835
- Subscription Tax 163,741 153,134 36,895 114,215 14,458 5,992 3,137
- Distribution fee on class -D- shares 87,770 0 0 970,265 3,523 0 0
- Performance fees 0 0 0 0 0 0 0
- Other expenses* 537 2 249 1,079 1,565 26 25
Total expenses 5,708,458 2,892,782 708,729 8,991,536 1,000,710 152,923 77,404
Net profit(loss) 26,080,640 8,946,643 4,766,696 77,603,998 7,514,673 192,782 91,124
- Realised results on investments 143,307 (4,744,657) 207,280 (109,730,380) (10,533,071) 172,137 46,012
- Realised results on swap contracts 0 0 0 1,207,143 (673,077) 0 0
- Realised results on options contracts 35 0 (1,600) 1 0 0 0
- Realised results on futures contracts 0 1,047,856 (76,369) (2,208,830) 1,157,730 (1,560) (1,332)
- Realised results on forward foreign exchange
(39,911,582) 0 291 (29,487,610) 573,762 (268,367) (249,140)
contracts and foreign currencies
- Capital gain tax 0 0 0 0 0 0 0
- Net change in unrealised results on investments 9,027,941 1,601,821 (2,279,626) 22,684,147 (2,586,428) (773,953) (473,613)
- Net change in unrealised results on swap contracts 0 0 0 246,335 139,029 0 0
- Net change in unrealised results on foreign currency (323,977) 1 (76) 466,885 8,555 (30,063) 3,720
- Net change in unrealised results on options and
0 (429,510) (155,454) (815,109) 79,177 0 0
futures contracts
- Net change in unrealised results on forward foreign (486,027) 0 0 (4,951,239) 680,640 0 0
exchange contracts
Result from operations (5,469,663) 6,422,154 2,461,142 (44,984,659) (3,639,010) (709,024) (583,229)
- Dividends Distributed (11,279,795) (9,656,171) (7,268) 0 (8,820) 0 0
- Net proceeds from issued/redeemed shares (33,804,909) (27,771,334) 7,195,654 (1,807,787,938) (118,752,317) 3,683,868 3,864,820
- Increase (decrease) in net assets (50,554,367) (31,005,351) 9,649,528 (1,852,772,597) (122,400,147) 2,974,844 3,281,591
Total Exchange net assets Difference as at April 30, 2007 478,537,298 300,961,767 68,990,415 2,158,811,694 227,006,002 10,300,466 4,354,880
Total net assets as at April 30, 2008 427,982,931 269,956,416 78,639,943 306,039,097 104,605,855 13,275,310 7,636,471
* 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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