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STAN40 - STANLIB TOP 40 FUND - Abridged audited results for the year ended

Release Date: 11/04/2011 11:07
Code(s): JSE STAN40
Wrap Text

STAN40 - STANLIB TOP 40 FUND - Abridged audited results for the year ended 31 December 2010 STANLIB TOP 40 FUND ("STANLIB40")(being a portfolio under the STANLIB ETF CIS registered in the Republic of South Africa in terms of CISCA) Share Code: STAN40 Abbreviated Name: STANLIB40 ISIN: ZAE000148425 ("STANLIB40") ABRIDGED AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2010 Income Statement for the year ended 31 December 2010
Income Statement 2010 2009 R `000 R `000
Income Dividends 783 - Income adjustments on creation and 54 - cancellation of units Interest income 6 - Total income 843 - Operating expenses -10 - Auditor`s remuneration Custodian fees -5 - Management company`s service charge -116 - Trustees fees -1 - Total Operating Expenses -132 - Net income from operations before 711 - distributions Distributions -710 - Net income/(loss) for the year 1 - Balance Sheet as at 31 December 2010 2010 2009
R `000 R `000 Assets Investments - Local Listed equity securities - 268,955 Other assets (current) Accounts receivable - 3 Cash and cash equivalents - 777
Total Assets - 269,735
Equity and Liabilities Equity Capital attributable to unitholders - 245,848
Fair value reserves - 23,051 Income attributable to unitholders - 1
Total Equity - 268,900 Liabilities Current Liabilities Accounts payable - 125 Distributions payable - 710 Total Liabilities - 835 Total Equity and Liabilities - 269,735 Statement of Changes in Equity as at 31 December 2010
Capital Income Net Assets attributable to attributable attributab unitholders to le to unitholders unitholder
s R ` 000 R ` 000 R ` 000
Balance at 01 January 2010 - - - Net income / (loss) for the year 1 1 Net creation of units 246,094 246,094 Balance at 31 December 2010 246,094 246,095 The portfolio pays quarterly distributions out of the income of the STANLIB TOP40 Portfolio. During the year only one distribution was declared and paid to investors as follows: Distribution of 7.56 cents, comprising of 7.51 cents in respect of dividends and 0.05 cents in respect of other income. The distribution was declared on 12 January 2011 relating to the 2010 income and paid on 18 January 2011. TER: N/A The Total Expense Ratio (TER) for this portfolio cannot be accurately determined. The TER of this portfolio will be higher than the quoted service charge of the manager. A full set of these financial statements are available from the manager, STANLIB Collective Investments (Propriety) Limited upon request. Johannesburg 11 April 2011 Sponsor Standard Bank Trustee ABSA Bank Limited Date: 11/04/2011 11:07:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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