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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90<br />
<strong>Sparinvest</strong> <strong>SICAV</strong><br />
SPARINVEST - LONG DANISH BONDS<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 390,128,471.74<br />
INCOME<br />
Interest on bonds, net 18,166,412.01<br />
Bank interest 148,038.87<br />
Other income 5,513.15<br />
TOTAL INCOME 18,319,964.03<br />
EXPENSES<br />
(4) Management and advisory fees<br />
2,050,686.65<br />
(6) Custodian fees<br />
75,357.22<br />
(6) Domiciliation, administration and transfer agent fees<br />
571,539.21<br />
Audit, printing and publication expenses 45,239.12<br />
(3) Taxe d'abonnement<br />
205,932.02<br />
Bank charges 27,134.43<br />
Interest paid 0.30<br />
Other charges 16,713.68<br />
TOTAL EXPENSES 2,992,602.63<br />
NET INCOME / (LOSS) FROM INVESTMENTS 15,327,361.40<br />
Net realised gain / (loss) on sales of investments 2,552,825.53<br />
Net realised gain / (loss) on foreign exchange -5,550.27<br />
NET REALISED PROFIT / (LOSS) 17,874,636.66<br />
Change in net unrealised appreciation / (depreciation) on investments 5,505,171.53<br />
NET INCREASE / (DECREASE) IN NET ASSETS AS A RESULT OF OPERATIONS 23,379,808.19<br />
EVOLUTION OF THE CAPITAL<br />
Subscriptions of shares 43,210,167.31<br />
Redemptions of shares -50,462,370.33<br />
(9) Dividends distributed<br />
-462.05<br />
NET ASSETS AT THE END OF THE YEAR 406,255,614.86<br />
The accompanying notes form an integral part of these financial statements.<br />
DKK
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