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BGREEN - BettaBeta Be Green Exchange Traded Fund Collective Investment Scheme - Abridged audited results for the month ended 31 December 2011 BettaBeta Be Green Exchange Traded Fund Collective Investment Scheme A portfolio in the BettaBeta Be Green Exchange Traded Fund Collective Investment Scheme (BGREEN) registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 (the "Act") (the "portfolio") JSE code: BGREEN ISIN: ZAE000162277 ABRIDGED AUDITED RESULTS FOR THE MONTH ENDED 31 DECEMBER 2011 STATEMENT OF COMPREHENSIVE INCOME for the year month 31 December 2011 2011
R Income Dividend income 149 672 Interest income 516 Total income 150 188 Fair value adjustment Realised gains on financial instruments designated at 619 858 fair value through profit or loss Unrealised (losses)/ gains on financial instruments 1 711 261 designated at fair value through profit or loss Total fair value adjustment 2 331 119 Expenses Investment fee 8 129 Trustee fees 5 753 Other 574 Total operating expenses 14 456
Increase in net assets attributable to investors 2 466 851 before distributions Income distributions (-) (Decrease)/Increase in net assets attributable to 2 466 851 investors after distributions
STATEMENT OF FINANCIAL POSITION at 31 December 2011 2011
R ASSETS Listed equities designated held at fair value through 102 271 819 profit or loss Cash and cash equivalents 97 702 Total assets 102 369 521
LIABILITIES Other payables 13 882 Total liabilities (excluding net assets attributable 13 882 to investors) Net assets attributable to investors 102 355 639 STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO INVESTORS for the month ended 31 December 2011 Capital Income Net assets attributable attributable attributable
to investors to investors to investors R R R Balance at 01 December 2011 99 888 788 - 99 888 788
Increase in net assets 2 331 119 135 732 2 466 851 attributable to investors Balance at 31 December 2011 102 219 907 135 732 102 355 639 STATEMENT OF CASH FLOWS for the month ended 31 December 2011 2011 R
Net cash generated from operating activities Cash utilised by operations (574) Interest received 516 Dividends received 149 672 Investment in listed Investments (27 387 701) Disposal of listed Investments 27 335 789 97 702
Net cash inflow from operating activities Net movement in cash and cash equivalents 97 702 Cash and cash equivalents at the beginning of the year - Cash and cash equivalents at the end of the year 97 702 Statement of compliance The financial statements are prepared in accordance with International Financial Reporting Standards (`IFRS`) issued by the International Accounting Standards Board (`IASB`), the AC500 Standards issued by the Accounting Practices Board and in accordance with the requirements of the Collective Investment Schemes Control Act of South Africa (`CISCA`), in order to meet the requirements of the Trust Deed approved by the Financial Services Board. Functional and presentation currency These financial statements are presented in South African Rand, which is the Portfolio`s functional currency. Accounting policies The financial statements incorporate the principal accounting policies that are consistent with those adopted in the previous financial year. Forthcoming requirements New standards and interpretations not yet adopted A number of standards, amendments to the standards and interpretations are not effective for the year ended 31 December 2011, and have not been applied in preparing these financial statements. All standards and interpretations issued but not effective for the year ended 31 December 2011 have been considered. Except for the IFRS3 and IFRS10, none of these are expected to have a significant effect on the measurement of the amounts recognized in the financial statements of the Portfolio. Standard/Interpretation Effective date IFRS 7 Disclosures - Transfers Annual periods beginning on or amendment of Financial Assets after 1 July 2011 IFRS 1 Severe Hyperinflation Annual periods beginning on or amendment and Removal of Fixed after 1 July 2011 Dates for First-time
Adopters IAS 12 Deferred tax: Recovery Annual periods beginning on or amendment of Underlying Assets after 1 January 2012 IAS 1 amendment Presentation of Annual periods beginning on or Financial Statements: after 1 July 2012 Presentation of Items of Other Comprehensive Income
IAS 19 Employee Benefits: Annual periods beginning on or amendment Defined benefit plans after 1 January 2013 IAS 27 Separate Financial Annual periods beginning on or Statements (2011) after 1 January 2013
IAS 28 Investments in Annual periods beginning on or Associates and Joint after 1 January 2013 Ventures (2011) IFRS 10 Consolidated Financial Annual periods beginning on or Statements after 1 January 2013 IFRS 11 Joint Arrangements Annual periods beginning on or after 1 January 2013 IFRS 12 Disclosure of Interests Annual periods beginning on or in Other Entities after 1 January 2013 IFRS 13 Fair Value Measurement Annual periods beginning on or after 1 January 2013 IFRS 9 (2009) Financial Instruments Annual periods beginning on or after 1 January 2015 IFRS 9 (2010) Financial Instruments Annual periods beginning on or after 1 January 2015 Audit report KPMG Inc, the entity`s independent auditors, has audited the annual financial statements of the BGREEN Portfolio from which the abridged results contained in this announcement have been derived, and has expressed an unmodified audit opinion on the annual financial statements. Their audit report is available for inspection at the registered office of Nedbank Limited A full copy of these financial statements is available on the BettaBeta website www.bettabeta.co.za. 26 March 2012 Sponsor Nedbank Capital Trustee FirstRand Bank Limited Manager Nedgroup Beta Solutions (Proprietary) Limited Date: 26/03/2012 11:46:01 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.
