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

Sparinvest SICAV
SPARINVEST - PROCEDO
Statement of Changes in Net Assets for the Period ended June 30, 2010
Note
NET ASSETS AT THE BEGINNING OF THE PERIOD 134,285,979.04
INCOME
Dividends, net 1,264,785.69
Interest on bonds, net 1,287,376.15
Bank interest 2,212.48
(11) Securities lending fees
55,790.20
Other income 1,126.74
TOTAL INCOME 2,611,291.26
EXPENSES
(4) Management and advisory fees
929,815.43
(6) Custodian fees
18,666.17
(6) Domiciliation, administration and transfer agent fees
261,419.69
Audit, printing and publication expenses 4,851.50
(3) Taxe d'abonnement
37,816.01
Bank charges 27,229.69
Interest paid 2,729.09
Other charges 3,831.57
TOTAL EXPENSES 1,286,359.15
NET INCOME / (LOSS) FROM INVESTMENTS 1,324,932.11
Net realised gain / (loss) on sales of investments 5,204,297.41
Net realised gain / (loss) on forward foreign exchange contracts -907,333.84
Net realised gain / (loss) on foreign exchange 46,808.31
NET REALISED PROFIT / (LOSS) 5,668,703.99
Change in net unrealised appreciation / (depreciation) on investments
Change in net unrealised appreciation / (depreciation) on forward foreign
3,744,010.01
exchange contracts -292,550.01
NET INCREASE / (DECREASE) IN NET ASSETS AS A RESULT OF OPERATIONS 9,120,163.99
EVOLUTION OF THE CAPITAL
Subscriptions of shares 9,076,549.47
Redemptions of shares -2,209,999.10
NET ASSETS AT THE END OF THE PERIOD 150,272,693.40
The accompanying notes form an integral part of these financial statements.
EUR
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