Sparinvest SICAV Annual Report 2009 R.C.S. Luxembourg B 83.976
Sparinvest SICAV Annual Report 2009 R.C.S. Luxembourg B 83.976
Sparinvest SICAV Annual Report 2009 R.C.S. Luxembourg B 83.976
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14<br />
<strong>Sparinvest</strong> <strong>SICAV</strong><br />
SPARINVEST - EQUITAS<br />
Statement of Changes in Net Assets for the Year ended December 31, <strong>2009</strong><br />
Note<br />
NET ASSETS AT THE BEGINNING OF THE YEAR 992,188.11<br />
INCOME<br />
Dividends, net 25,860.87<br />
Bank interest 45.41<br />
(11) Securities lending fees<br />
233.84<br />
Other income 24.51<br />
TOTAL INCOME 26,164.63<br />
EXPENSES<br />
(4) Management and advisory fees<br />
16,027.78<br />
(6) Custodian fees<br />
200.17<br />
(6) Domiciliation, administration and transfer agent fees<br />
5,994.20<br />
Audit, printing and publication expenses 165.42<br />
(3) Taxe d'abonnement<br />
538.87<br />
Bank charges 1,080.00<br />
Interest paid 1.03<br />
Other charges 624.32<br />
TOTAL EXPENSES 24,631.79<br />
NET INCOME / (LOSS) FROM INVESTMENTS 1,532.84<br />
Net realised gain / (loss) on sales of investments -140,829.49<br />
Net realised gain / (loss) on foreign exchange -2,978.32<br />
NET REALISED PROFIT / (LOSS) -142,274.97<br />
Change in net unrealised appreciation / (depreciation) on investments 372,949.54<br />
NET INCREASE / (DECREASE) IN NET ASSETS AS A RESULT OF OPERATIONS 230,674.57<br />
EVOLUTION OF THE CAPITAL<br />
Subscriptions of shares 72,191.14<br />
Redemptions of shares -24,168.43<br />
NET ASSETS AT THE END OF THE YEAR 1,270,885.39<br />
The accompanying notes form an integral part of these financial statements.<br />
EUR
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