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

Page
Sparinvest SICAV
SPARINVEST - INSTITUTIONAL CORPORATE VALUE BONDS
Statement of Changes in Net Assets for the Period ended June 30, 2010
Note
80
NET ASSETS AT THE BEGINNING OF THE PERIOD 32,322,251.91
INCOME
Interest on bonds, net 840,276.86
Bank interest 1,177.10
TOTAL INCOME 841,453.96
EXPENSES
(4) Management and advisory fees
116,488.43
(6) Custodian fees
4,253.28
(6) Domiciliation, administration and transfer agent fees
34,345.81
Audit, printing and publication expenses 1,405.74
(3) Taxe d'abonnement
1,665.65
Bank charges 2,880.11
Interest paid 40.38
Other charges 403.69
TOTAL EXPENSES 161,483.09
NET INCOME / (LOSS) FROM INVESTMENTS 679,970.87
Net realised gain / (loss) on sales of investments 238,141.43
Net realised gain / (loss) on forward foreign exchange contracts -454,226.61
Net realised gain / (loss) on foreign exchange 169,732.78
NET REALISED PROFIT / (LOSS) 633,618.47
Change in net unrealised appreciation / (depreciation) on investments
Change in net unrealised appreciation / (depreciation) on forward foreign
1,391,095.42
exchange contracts -677,121.17
NET INCREASE / (DECREASE) IN NET ASSETS AS A RESULT OF OPERATIONS 1,347,592.72
EVOLUTION OF THE CAPITAL
NET ASSETS AT THE END OF THE PERIOD 33,669,844.63
The accompanying notes form an integral part of these financial statements.
EUR