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

677,961

1,138,754

Interest on loans

2

2,403,566

1,897,739

Bank interest

 

8,064

Other income

6

130,553

104,371

 

 

 

 

 

 

 

 

Total income

 

3,220,144

3,140,864

 

 

 

 

Expenses

 

 

 

Investment management, distribution and service fees

5

1,510,689

1,409,266

Administrative and depositary fees

4

142,207

137,914

Audit and reporting expenses

 

56,024

39,592

Subscription tax

3

26,932

27,702

Other tax

 

9,330

10,089

Other expenses

7

243,557

166,529

 

 

 

 

 

 

 

 

Total expenses

 

1,988,739

1,791,092

 

 

 

 

Net operating income

 

1,231,405

1,349,772

 

 

 

 

Realised gain on investments

 

283,153

Realised loss on investments

 

(12,401)

(544,265)

Realised gain on foreign exchange

 

68,287

1

Realised loss on foreign exchange

 

(84,352)

(6)

Change in unrealised appreciation on investments

 

Change in unrealised depreciation on investments

 

(3,055,769)

250,455

 

 

 

 

 

 

 

 

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

 

(1,569,677)

1,055,957

 

 

 

 

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