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Abridged Results as at 31 December 2017 - GLPROP
CORESHARES GLOBAL INVESTMENTS PCC
INSTRUMENT: CORESHARES S&P GLOBAL PROPERTY ETF
ABBREVIATED NAME: CoreGProp
SHARE CODE: GLPROP
ISIN CODE: MU0518N00038
ABRIDGED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
31-Dec-17 31-Dec-16
USD USD
INCOME
Dividend income 630 352 79 007
Unrealised gain on financial assets at fair value through
profit or loss 1 272 178 134 437
Gain on exchange 266 719 -
Other Income 18 -
2 169 267 213 444
EXPENSES
Custody fees 21 105 -
Management fees 73 141 -
Loss on disposal of financial assets at fair value through
profit or loss 297 047 19 636
Loss on exchange - 200 266
Brokerage fees 30 632 16 268
421 925 236 170
Profit/(loss) before taxation 1 747 342 (22 726)
Taxation (88 476) (10 181)
Profit/(loss) for the period 1 658 866 (32 907)
Other comprehensive income - -
Total comprehensive income for the period 1 658 866 (32 907)
STATEMENT OF FINANCIAL POSITION
31-Dec-17 31-Dec-16
USD USD
ASSETS
Financial assets at fair value through profit or loss 23 394 637 10 440 212
Other receivables 76 779 37 950
Cash at bank 153 992 619 448
Total assets 23 625 408 11 097 610
LIABILITIES
Tax payable 4 997 -
Other payables 81 191 -
Total liabilities 86 188 -
Net assets attributable to holders of participating shares 23 539 220 11 097 610
STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF
PARTICIPATING SHARES
USD
At 14 April 2016 -
Decrease in net assets attributable to holders of participating shares (32 907)
Issue of participating shares during the period 11 130 517
At 31 December 2016 11 097 610
Increase in net assets attributable to the holders of participating shares 1 658 866
Redemption of participating shares during the year (1 296 469)
Refund during the year (4 608)
Issue of participating shares during the year 12 753 797
Dividend paid (669 976)
At 31 December 2017 23 539 220
STATEMENT OF CASH FLOWS
31-Dec-17 31-Dec-16
USD USD
Cash flows from operating activities
Profit/(loss) before taxation 1 747 342 (22 726)
Adjustments:
Unrealised gain on financial assets at fair value through
profit or loss (1 272 178) (134 437)
Unrealised foreign exchange (gain)/loss on retranslation of
investments (286 669) 176 670
Dividend income (630 352) (79 007)
Loss on disposal of financial assets at fair value through
profit or loss 297 047 19 636
(144 810) (39 864)
Tax paid (83 479) (10 181)
Decrease in other receivables 1 304 (1 304)
Increase in other payables 81 191 -
Net cash used in operating activities (145 794) (51 349)
Cash flows from investing activities
Acquisition of investments (16 272 605) (10 765 211)
Proceeds from disposal of investments 4 579 980 263 130
Dividend received 590 219 42 361
Net cash used in investing activities (11 102 406) (10 459 720)
Cash flows from financing activities
Proceeds from issue of participating shares 12 753 797 11 130 517
Redemption of participating shares -1 296 469 -
Refund of proceeds of participating shares -4 608 -
Dividend paid (669 976) -
Net cash generated from financing activities 10 782 744 11 130 517
Net (decrease)/ increase in cash and cash equivalents (465 456) 619 448
Cash and cash equivalents at start of the period 619 448 -
Cash and cash equivalents at end of the period 153 992 619 448
The above Audited Abridged Financial Statements for the year ended 31 December 2017 have been prepared in
compliance with International Financial Reporting Standards.
The Board of Directors of CoreShares Global Investments PCC accepts full responsibility for the accuracy of the
information contained in these Abridged Financial Statements.
The full financial statements are available on www.coreshares.co.za
Sponsor: Grindrod Bank Limited
04 April 2018
Date: 04/04/2018 04:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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