2011 - Division of Administration - Louisiana

State of LouisianaSTATEMENT OF CHANGES IN FIDUCIARY NET ASSETSFIDUCIARY FUNDSFOR THE YEAR ENDED JUNE 30, 2011(EXPRESSED IN THOUSANDS)ADDITIONSPENSION INVESTMENT PRIVATETRUST TRUST PURPOSEFUNDS FUND * TRUST FUNDCONTRIBUTIONS:EMPLOYER $ 1,519,705 $ -- $ --MEMBERS 567,453 -- --POOL PARTICIPANTS (DEPOSITS) -- 1,998,762 --TOTAL CONTRIBUTIONS 2,087,158 1,998,762 --INVESTMENT INCOME:NET INCREASE IN FAIRVALUE OF INVESTMENTS 4,427,418 115 15,927INTEREST AND DIVIDENDS 498,943 2,651 7,157ALTERNATIVE INVESTMENT INCOME 355,005 -- --LESS ALTERNATIVE INVESTMENT EXPENSES (72,262) -- --GAIN ON SALE OF INVESTMENT -- 179 --SECURITIES LENDING INCOME 20,507 -- --LESS SECURITIES LENDING EXPENSES 1,292 -- --OTHER INVESTMENT INCOME 8 2,712 --LESS INVESTMENT EXPENSE OTHER THANSECURITIES LENDING (65,031) -- --NET INVESTMENT INCOME 5,165,880 5,657 23,084OTHER INCOME 110,289 5 53,690TOTAL ADDITIONS 7,363,327 2,004,424 76,774DEDUCTIONSRETIREMENT BENEFITS 2,717,958 -- --REFUNDS OF CONTRIBUTIONS 87,892 -- --ADMINISTRATIVE EXPENSES 38,289 2,179 --DEPRECIATION AND AMORTIZATION EXPENSES 2,583 -- --DISTRIBUTIONS TO POOL PARTICIPANTS -- 2,163,262 --OTHER 550 -- 15,932TOTAL DEDUCTIONS 2,847,272 2,165,441 15,932CHANGE IN NET ASSETS HELD IN TRUST FOR:EMPLOYEES' PENSION BENEFITS 4,516,055 -- --INVESTMENT POOL PARTICIPANTS -- (161,017) --INDIVIDUALS, PRIVATE ORGANIZATIONS, AND OTHER GOVERNMENTS -- -- 60,842NET ASSETS - BEGINNING OF YEAR AS RESTATED 21,728,483 2,030,787 252,146NET ASSETS - END OF YEAR $ 26,244,538 $ 1,869,770 $ 312,988* Louisiana Asset Management Pool has a December 31 fiscal year end.The notes to the financial statements are an integral part of this statement.- 40 -