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

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Sparinvest SICAV
SPARINVEST - HIGH YIELD VALUE BONDS
Statement of Changes in Net Assets for the Period ended June 30, 2010
Note
72
NET ASSETS AT THE BEGINNING OF THE PERIOD 355,724,423.25
INCOME
Interest on bonds, net 16,263,858.60
Bank interest 23,472.16
(11) Securities lending fees
3,729.02
Other income 88,856.54
TOTAL INCOME 16,379,916.32
EXPENSES
(4) Management and advisory fees
2,067,554.38
(6) Custodian fees
42,513.52
(6) Domiciliation, administration and transfer agent fees
337,232.84
Audit, printing and publication expenses 13,209.28
(3) Taxe d'abonnement
80,282.00
Bank charges 28,719.12
Interest paid 8,887.51
Other charges 23,628.48
TOTAL EXPENSES 2,602,027.13
NET INCOME / (LOSS) FROM INVESTMENTS 13,777,889.19
Net realised gain / (loss) on sales of investments 52,331,369.24
Net realised gain / (loss) on forward foreign exchange contracts -24,912,481.09
Net realised gain / (loss) on foreign exchange 260,719.90
NET REALISED PROFIT / (LOSS) 41,457,497.24
Change in net unrealised appreciation / (depreciation) on investments
Change in net unrealised appreciation / (depreciation) on forward foreign
-9,493,250.79
exchange contracts -5,740,879.00
NET INCREASE / (DECREASE) IN NET ASSETS AS A RESULT OF OPERATIONS 26,223,367.45
EVOLUTION OF THE CAPITAL
Subscriptions of shares 143,100,150.00
Redemptions of shares -192,094,329.69
(9) Dividends distributed
-1,718.11
NET ASSETS AT THE END OF THE PERIOD 332,951,892.90
The accompanying notes form an integral part of these financial statements.
EUR