Sparinvest SICAV Semi Annual Report 2010 R.C.S. Luxembourg B ...
Sparinvest SICAV Semi Annual Report 2010 R.C.S. Luxembourg B ...
Sparinvest SICAV Semi Annual Report 2010 R.C.S. Luxembourg B ...
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<strong>Sparinvest</strong> <strong>SICAV</strong><br />
SPARINVEST - GLOBAL SMALL CAP VALUE<br />
Statement of Changes in Net Assets for the Period ended June 30, <strong>2010</strong><br />
Note<br />
48<br />
NET ASSETS AT THE BEGINNING OF THE PERIOD 11,450,917.49<br />
INCOME<br />
Dividends, net 163,872.90<br />
Bank interest 658.40<br />
(11) Securities lending fees<br />
997.67<br />
Other income 95.56<br />
TOTAL INCOME 165,624.53<br />
EXPENSES<br />
(4) Management and advisory fees<br />
95,321.60<br />
(6) Custodian fees<br />
1,645.84<br />
(6) Domiciliation, administration and transfer agent fees<br />
26,869.64<br />
Audit, printing and publication expenses 993.63<br />
(3) Taxe d'abonnement<br />
2,099.18<br />
Bank charges 3,184.25<br />
Interest paid 30.78<br />
Other charges 290.71<br />
TOTAL EXPENSES 130,435.63<br />
NET INCOME / (LOSS) FROM INVESTMENTS 35,188.90<br />
Net realised gain / (loss) on sales of investments -444,958.64<br />
Net realised gain / (loss) on foreign exchange 1,473.08<br />
NET REALISED PROFIT / (LOSS) -408,296.66<br />
Change in net unrealised appreciation / (depreciation) on investments 2,019,802.43<br />
NET INCREASE / (DECREASE) IN NET ASSETS AS A RESULT OF OPERATIONS 1,611,505.77<br />
EVOLUTION OF THE CAPITAL<br />
Subscriptions of shares 1,479,294.16<br />
Redemptions of shares -1,317,766.47<br />
NET ASSETS AT THE END OF THE PERIOD 13,223,950.95<br />
The accompanying notes form an integral part of these financial statements.<br />
EUR