Statement of operations

for the year ended December 31, 2017

Download XLS

(amounts in EUR)

Notes

December 31, 2017

December 31, 2016

 

 

 

 

Income

 

 

 

Dividend income

2

904,301

875,123

Bank Interest

 

3,332

 

 

 

 

 

 

 

 

Total income

 

904,301

878,455

 

 

 

 

 

 

 

 

Expenses

 

 

 

Amortisation of formation expenses

3

106,604

78,886

Investment management, distribution and service fees

6

911,772

704,537

Administrative and depositary fees

5

118,030

117,479

Audit and reporting expenses

 

38,004

27,538

Subscription tax

4

22,476

17,979

Interest paid

 

38,840

14,738

Other tax

 

5,478

8,210

Other expenses

7

98,035

112,603

 

 

 

 

 

 

 

 

Total expenses

 

1,339,239

1,081,970

 

 

 

 

 

 

 

 

Net operating gain/(loss)

 

(434,938)

(203,515)

 

 

 

 

Realised gain on investments

 

308,298

Realised gain on forward foreign exchange contracts

 

131,691

Realised loss on forward foreign exchange contracts

 

(6,919)

(8,294)

Realised gain on foreign exchange

 

15,231

1,315

Realised loss on foreign exchange

 

(15,837)

(21,525)

Change in unrealised appreciation on investments

 

4,424,954

2,443,304

Change in unrealised appreciation on forward foreign exchange contracts

 

6,854

80,494

 

 

 

 

 

 

 

 

Net increase/(decrease) in net assets resulting from operations

 

4,429,334

2,291,779

 

 

 

 

The (PDF:) accompanying notes form an integral part of these financial statements.

Create your own report

Chart Generator – Create your own charts (teaser)

Chart Generator

Easily digested facts and figures,
for you to create and download.

Create your own charts