PSH-Annual-Report

Recommendations

Info

Annual Report December 31, 2014Statement of Financial Position(Stated in United States Dollars)Notes 2014 2013AssetsCash and cash equivalents 10 $ 565,809,913 $ 389,656,631Due from brokers 515,560,923 307,795,506Trade and other receivables 9 4,786,430 3,371,546Financial assets at fair value through profit or lossInvestments in securities 6 5,791,187,783 1,911,130,931Derivative financial instruments 6 289,114,933 345,359,760Total assets $ 7,166,459,982 $ 2,957,314,374LiabilitiesDue to brokers $ 68,450,144 $ 81,153,405Trade and other payables 9 119,212,022 139,209,903Financial liabilities at fair value through profit or lossSecurities sold, not yet purchased 6 391,285,125 271,859,619Derivative financial instruments 6 27,139,624 91,744,432Liabilities excluding net assets attributable to nonequityand management shareholders 606,086,915 583,967,359Net assets attributable to non-equity shareholders (1) 11 - 2,313,735,951Net assets attributable to managementshareholders (2) 11 227,226,260 59,611,064Total liabilities 833,313,175 2,957,314,374EquityShare capital 11 6,003,372,824 -Retained earnings 329,773,983 -Total equity (3) 6,333,146,807 -Total liabilities and equity $ 7,166,459,982 $ 2,957,314,374Net assets attributable to Public Shares $ 6,332,978,890Public Shares in issue 240,128,546Net assets per Public Share $ 26.37Net assets attributable to Management Shares $ 227,226,260Management Shares in issue 8,500,796Net assets per Management Share $ 26.73Net assets attributable to Class B Shares $ 167,917Class B Shares in issue 5,000,000,000Net assets per Class B Share $ 0.00003(1) Net assets attributable to non-equity shareholders are comprised of the aggregate net asset values of all Private Shares andVoteCo Shares as of December 31, 2013.(2) Net assets attributable to management shareholders are comprised of the aggregate net asset values of all non-redeemableManagement Shares as of December 31, 2014 and all redeemable Management Shares as of December 31, 2013.(3) Total equity of the Company is comprised of the aggregate net asset values of all Public Shares and Class B Shares as ofDecember 31, 2014. Under IFRS, non-redeemable Management Shares are classified as financial liabilities rather than equity.See Note 2 on page 48 for further details.The accompanying notes form an integral part of these financial statements.38 PERSHING SQUARE HOLDINGS, LTD.
Annual Report December 31, 2014Statement of Financial Position (continued)(Stated in United States Dollars)These financial statements were approved by the Board of Directors on March 24, 2015, and were signedon its behalf by/s/ Anne Farlow/s/ Richard BatteyAnne FarlowRichard BatteyChairman of the BoardDirectorMarch 24, 2015 March 24, 2015PERSHING SQUARE HOLDINGS, LTD. 39
Page 1 and 2: 2014 Annual Report
Page 3 and 4: Annual Report Year Ended December 3
Page 39: Annual Report Year Ended December 3
Page 43 and 44: Annual Report Years Ended December
Page 45 and 46: Annual Report Years Ended December
Page 47 and 48: Annual Report December 31, 2014Note
Page 73 and 74: Annual Report December 31, 2014U.S.

PSH-Annual-Report

Create successful ePaper yourself

Delete template?

Save as template?