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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<strong>Sparinvest</strong> <strong>SICAV</strong><br />
SPARINVEST - GLOBAL 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 673,429,254.61<br />
INCOME<br />
Dividends, net 15,237,890.59<br />
Bank interest 127,374.02<br />
(11) Securities lending fees<br />
149,199.00<br />
Other income 30,673.08<br />
TOTAL INCOME 15,545,136.69<br />
EXPENSES<br />
(4) Management and advisory fees<br />
8,581,832.27<br />
(6) Custodian fees<br />
99,287.42<br />
(6) Domiciliation, administration and transfer agent fees<br />
2,860,000.32<br />
Audit, printing and publication expenses 119,005.78<br />
(3) Taxe d'abonnement<br />
235,028.01<br />
Bank charges 88,497.60<br />
Interest paid 150.75<br />
Other charges 21,707.28<br />
TOTAL EXPENSES 12,005,509.43<br />
NET INCOME / (LOSS) FROM INVESTMENTS 3,539,627.26<br />
Net realised gain / (loss) on sales of investments -42,797,734.38<br />
Net realised gain / (loss) on foreign exchange 157,831.02<br />
NET REALISED PROFIT / (LOSS) -39,100,276.10<br />
Change in net unrealised appreciation / (depreciation) on investments 190,071,628.31<br />
NET INCREASE / (DECREASE) IN NET ASSETS AS A RESULT OF OPERATIONS 150,971,352.21<br />
EVOLUTION OF THE CAPITAL<br />
Subscriptions of shares 200,205,851.24<br />
Redemptions of shares -267,881,035.14<br />
(9) Dividends distributed<br />
-8,063.04<br />
NET ASSETS AT THE END OF THE YEAR 756,717,359.88<br />
The accompanying notes form an integral part of these financial statements.<br />
EUR<br />
65
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