Aberdeen Global - Hozam Plaza

Statement of Net AssetsAs at 30 September 2012€’000AssetsInvestments in securities at market value (note 2.2) 37,655Cash at bank 601Interest and dividends receivable 78Subscriptions receivable 12Receivable for investments sold 106Total assets 38,452LiabilitiesTaxes and expenses payable 107Redemptions payable 358Total liabilities 465Net assets at the end of the year 37,987Statement of Changes in Net AssetsFor the year from 1 October 2011 to 30 September 2012€’000Net assets at the beginning of the year 44,102Net losses from investments (73)Net realised losses (2,495)Net unrealised gains 10,337Proceeds from shares issued 10,414Payments for shares redeemed (24,298)Net assets at the end of the year 37,987Statement of OperationsFor the year from 1 October 2011 to 30 September 2012€’000IncomeInvestment income 928Bank interest 1Other income 2Total income 931ExpensesManagement fees (note 4.6) 736Administration fees (note 4.1) 38Custodian fees (note 4.2) 159Domiciliary agent, registrar, paying and transfer agentfees (note 4.4) 16Management Company fees (note 4.5) 4Operational expenses (note 4.7) 33Annual tax (note 4.9) 18Total expenses 1,004Net losses from investments (73)Realised losses on investments (2,494)Currency exchange losses (1)Net realised losses (2,495)Decrease in unrealised depreciation on investments 10,337Unrealised currency exchange gains 2Decrease in unrealised appreciationon forward currency exchange contracts (2)Net unrealised gains 10,337Net increase in assets as a result of operations 7,769Share TransactionsFor the year from 1 October 2011 to 30 September 2012A-2 I-2 S-2Shares outstanding at the beginning of the year 2,030,173 12,851 2,872,959Shares issued during the year 294,986 7,666 282,719Shares redeemed during the year (726,046) (16,619) (828,927)Shares outstanding at the end of the year 1,599,113 3,898 2,326,751Net asset value per share 8.9715 729.5616 8.9381The accompanying notes form an integral part of these financial statements.140 Aberdeen Global - Russian Equity