BEUTEL GOODMAN MANAGED FUNDS

Beutel Goodman ■ Short Term Bond Fund
Statements of Financial Position
As at December 31, 2014, December 31, 2013 and January 1, 2013
December 31, December 31, January 1,
2014 2013 2013
Assets
$ $ $
Current assets
Cash and cash equivalents 154,875 1,275,839 1,446,286
Financial assets at fair value through
profit or loss* 64,514,792 157,571,095 119,899,219
Accrued interest 496,990 1,234,768 789,382
Due from brokers — 1,640,973 4,955,778
Subscriptions receivable 78,714 204,160 78,444
Total assets 65,245,371 161,926,835 127,169,109
Liabilities
Current liabilities
Management and administrative
fees payable 3,201 6,500 12,056
Redemptions payable 5,101 7,357,616 8,246,632
Distributions payable 4,272 353 37,345
Total liabilities (before net assets
attributable to holders
of redeemable units) 12,574 7,364,469 8,296,033
Net assets attributable to holders of
redeemable units 65,232,797 154,562,366 118,873,076
*Investments at average cost 65,221,036 158,489,537 120,260,369
Net assets attributable to holders of
redeemable units per class
Class B 79,590 121,069 112,909
Class F 1,031,313 320,221 5,217
Class I 64,121,894 154,121,076 118,754,950
Net assets attributable to holders of
redeemable units per unit
Class B 9.56 9.66 9.77
Class F 9.60 9.72 9.86
Class I 9.66 9.77 9.89
Number of outstanding redeemable
units (Note 6)
Class B 8,327 12,536 11,557
Class F 107,381 32,930 529
Class I 6,639,676 15,775,031 12,011,781
Statements of Comprehensive Income
For the years ended December 31
Income
Net gains (losses) on investments
2014 2013
$ $
Interest for distribution purposes 3,351,137 4,355,390
Realized gain (loss) on sale of investments (877,212) (1,135,477)
Change in unrealized appreciation (depreciation)
in the value of investments 212,198 (557,292)
Net gains (losses) on investments 2,686,123 2,662,621
Other income
Realized gain (loss) on foreign currency transactions (28) —
Total income 2,686,095 2,662,621
Expenses
Management fees 4,521 1,954
Administrative fees 39,371 78,962
Total expenses 43,892 80,916
Increase (decrease) in net assets attributable to
holders of redeemable units 2,642,203 2,581,705
Increase (decrease) in net assets attributable to
holders of redeemable units per class
Class B 1,656 608
Class F 13,547 1,104
Class I 2,627,000 2,579,993
Increase (decrease) in net assets attributable to
holders of redeemable units per unit*
Class B 0.15 0.05
Class F 0.21 0.11
Class I 0.28 0.19
*Based on the weighted average number of redeemable units outstanding during the year.
The accompanying notes are an integral part of these financial statements.
82 Beutel Goodman Managed Funds Annual Report as at December 31, 2014