Sparinvest SICAV Semi Annual Report 2010 R.C.S. Luxembourg B ...

Sparinvest SICAV
SPARINVEST - SECURUS
Statement of Changes in Net Assets for the Period ended June 30, 2010
Note
NET ASSETS AT THE BEGINNING OF THE PERIOD 54,120,624.52
INCOME
Dividends, net 184,036.07
Interest on bonds, net 925,968.56
Bank interest 1,268.95
(11) Securities lending fees
8,113.26
Other income 564.01
TOTAL INCOME 1,119,950.85
EXPENSES
(4) Management and advisory fees
286,452.30
(6) Custodian fees
7,191.51
(6) Domiciliation, administration and transfer agent fees
58,358.35
Audit, printing and publication expenses 1,654.65
(3) Taxe d'abonnement
14,560.70
Bank charges 8,303.05
Interest paid 1,125.53
Other charges 1,524.27
TOTAL EXPENSES 379,170.36
NET INCOME / (LOSS) FROM INVESTMENTS 740,780.49
Net realised gain / (loss) on sales of investments 1,280,729.24
Net realised gain / (loss) on forward foreign exchange contracts -536,360.69
Net realised gain / (loss) on foreign exchange 42,599.82
NET REALISED PROFIT / (LOSS) 1,527,748.86
Change in net unrealised appreciation / (depreciation) on investments
Change in net unrealised appreciation / (depreciation) on forward foreign
764,589.53
exchange contracts -176,148.12
NET INCREASE / (DECREASE) IN NET ASSETS AS A RESULT OF OPERATIONS 2,116,190.27
EVOLUTION OF THE CAPITAL
Subscriptions of shares 2,742,999.99
Redemptions of shares -532,333.62
NET ASSETS AT THE END OF THE PERIOD 58,447,481.16
The accompanying notes form an integral part of these financial statements.
EUR
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