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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56<br />
<strong>Sparinvest</strong> <strong>SICAV</strong><br />
SPARINVEST - GLOBAL SMALL CAP VALUE<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 7,581,723.34<br />
INCOME<br />
Dividends, net 194,873.43<br />
Bank interest 3,450.74<br />
Other income 5,374.56<br />
TOTAL INCOME 203,698.73<br />
EXPENSES<br />
(4) Management and advisory fees<br />
149,395.70<br />
(6) Custodian fees<br />
1,588.56<br />
(6) Domiciliation, administration and transfer agent fees<br />
40,692.16<br />
Audit, printing and publication expenses 1,087.42<br />
(3) Taxe d'abonnement<br />
2,555.06<br />
Bank charges 7,088.88<br />
Other charges 1,389.74<br />
TOTAL EXPENSES 203,797.52<br />
NET INCOME / (LOSS) FROM INVESTMENTS -98.79<br />
Net realised gain / (loss) on sales of investments 121,495.02<br />
Net realised gain / (loss) on foreign exchange -9,748.32<br />
NET REALISED PROFIT / (LOSS) 111,647.91<br />
Change in net unrealised appreciation / (depreciation) on investments 2,078,675.67<br />
NET INCREASE / (DECREASE) IN NET ASSETS AS A RESULT OF OPERATIONS 2,190,323.58<br />
EVOLUTION OF THE CAPITAL<br />
Subscriptions of shares 3,249,718.76<br />
Redemptions of shares -1,570,846.20<br />
(9) Dividends distributed<br />
-1.99<br />
NET ASSETS AT THE END OF THE YEAR 11,450,917.49<br />
The accompanying notes form an integral part of these financial statements.<br />
EUR
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