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

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Sparinvest SICAV
SPARINVEST - GLOBAL VALUE
Statement of Changes in Net Assets for the Period ended June 30, 2010
Note
56
NET ASSETS AT THE BEGINNING OF THE PERIOD 756,717,359.88
INCOME
Dividends, net 10,125,671.56
Bank interest 33,317.52
(11) Securities lending fees
382,856.66
Other income 5,592.60
TOTAL INCOME 10,547,438.34
EXPENSES
(4) Management and advisory fees
4,546,786.12
(6) Custodian fees
128,309.01
(6) Domiciliation, administration and transfer agent fees
1,553,358.81
Audit, printing and publication expenses 21,443.02
(3) Taxe d'abonnement
121,077.80
Bank charges 50,795.72
Interest paid 227.93
Other charges 20,354.73
TOTAL EXPENSES 6,442,353.14
NET INCOME / (LOSS) FROM INVESTMENTS 4,105,085.20
Net realised gain / (loss) on sales of investments -4,563,582.77
Net realised gain / (loss) on foreign exchange 453,593.61
NET REALISED PROFIT / (LOSS) -4,903.96
Change in net unrealised appreciation / (depreciation) on investments 62,879,982.54
NET INCREASE / (DECREASE) IN NET ASSETS AS A RESULT OF OPERATIONS 62,875,078.58
EVOLUTION OF THE CAPITAL
Subscriptions of shares 77,618,596.56
Redemptions of shares -121,109,802.11
(9) Dividends distributed
-199.97
NET ASSETS AT THE END OF THE PERIOD 776,101,032.94
The accompanying notes form an integral part of these financial statements.
EUR