2011 Report - Fortress Mutual Fund Ltd

Fortress Mutual Fund LimitedNotes to Consolidated Financial StatementsSeptember 30, 2011(expressed in Barbados dollars)5 Investments….continued2011$2010$Net (losses)/gains recognised in relation to investments- realized (1,379,437) 2,568,160- change in unrealized 1,093,911 3,793,432(285,526) 6,361,5922011 2010SecurityCost$Market value$Cost$Market value$Financial assets at fair valuethrough profit or lossBarbadosGoddard Enterprises Limited 5,636,124 9,904,062 5,631,846 9,718,288Sagicor Financial Corporation 16,708,689 9,840,011 18,417,358 12,715,053FirstCaribbean International Bank Ltd 9,681,802 8,694,087 11,993,614 10,768,434Cable & Wireless B'dos Limited 4,497,341 7,476,065 4,729,522 8,965,627Insurance Corporation of Barbados Ltd 6,438,660 5,505,616 6,432,102 6,171,807Sagicor Financial Corporationpreferenceshares 3,500,000 3,500,000 – –Fortress Caribbean Property Fund Ltd 1,969,418 1,637,786 1,754,919 1,509,919Banks Holdings Limited 1,699,081 1,480,973 1,690,345 1,813,776Barbados Dairy Industries Ltd 983,958 1,113,651 983,958 1,113,651Barbados National Bank Inc 952,845 988,941 904,863 962,123Light & Power Holdings Ltd 1,080 1,388 2,137,332 2,595,964ANSA McAL (Barbados) Ltd – – 963,628 562,89652,068,998 50,142,580 55,639,487 56,897,538JamaicaGrace Kennedy 20,133,579 17,899,312 8,196,651 5,899,843Lascelles Demercado 9,206,737 9,125,916 9,119,172 9,067,901National Commercial Bank Ltd 4,366,214 5,728,578 1,360,203 867,121Sagicor Life Jamaica 605,338 903,200 605,338 622,005Capital & Credit Financial Group Ltd 158,339 235,982 – –Cable & Wireless Jamaica 1,440,853 224,327 1,971,869 598,747FirstCaribbean Intl Bank (Jamaica) Ltd 686,224 183,103 686,224 325,19236,597,284 34,300,418 21,939,457 17,380,809(17)