Aberdeen Global II - Self Bank

Statement of Net AssetsAs at 30 June 2011Assets€'000Investments in securities at market value (note 2.2) 359,270Cash at bank 26,916Interest receivable 3,224Subscriptions receivable 23,109Unrealised gains on forward currency exchangecontracts (note 2.6) 139Other assets 2Total assets 412,660LiabilitiesTaxes and expenses payable 501Redemptions payable 24,049Total liabilities 24,550Net assets at the end of the period 388,110Statement of Changes in Net AssetsFor the period from 24 September 2010 to 30 June 2011€'000Net gains from investments 6,539Net realised gains 6,604Net unrealised gains 7,999Proceeds from shares issued 639,603Payments for shares redeemed (272,301)Net equalisation paid (note 10) (334)Net assets at the end of the period 388,110Statement of OperationsFor the period from 24 September 2010 to 30 June 2011Income€'000Investment income 10,201Bank interest 32Other income 7Total income 10,240ExpensesManagement fees (note 4.5) 3,225Administration fees (note 4.1) 85Custodian fees (note 4.2) 54Domiciliary agent, registrar, paying and transfer agent 101fees (note 4.3)Management Company fees (note 4.4) 34Operational expenses (note 4.6) 90Annual tax (note 4.8) 112Total expenses 3,701Net gains from investments 6,539Realised gains on investments 5,680Realised gains on forward currency exchange contracts 563Realised losses on future contracts (26)Realised gains on swap contracts 1,062Realised currency exchange losses (675)Net realised gains 6,604Increase in unrealised appreciation on investments 7,309Increase in unrealised appreciation on forward currency 139exchange contractsUnrealised currency exchange gains 551Net unrealised gains 7,999Net increase in assets as a result of operations 21,142Share TransactionsFor the period from 24 September 2010 to 30 June 2011A-2 I-2Shares issued during the period 28,060,150 180,486Shares redeemed during the period (9,791,767) (92,267)Shares outstanding at the end of the period 18,268,383 88,219Net asset value per share 13.9530 1,509.9962The accompanying notes form an integral part of these financial statements.28 Aberdeen Global IIConvertible Europe