Preliminary Financial Statements for the year ended 31 December 2018 CORESHARES INDEX TRACKER COLLECTIVE INVESTMENT SCHEME INSTRUMENT: CORESHARES S&P GLOBAL PROPERTY ETF ABBREVIATED NAME: CoreGProp SHARE CODE: GLPROP ISIN CODE: ZAE000268660 PRELIMINARY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2018 2018 2017 USD USD REVENUE Unrealised gain on financial assets at fair value through profit or loss - 1 272 178 Other income 178 499 18 Gain on exchange - 266 719 Dividend income 1 135 437 630 352 1 313 936 2 169 267 EXPENDITURE Custodian fees 29 589 21 105 Brokerage fees 26 144 30 632 Management fees 124 100 73 141 Audit fees 11 270 - Bank charges 298 - Unrealised loss on financial assets at fair value through profit or loss 1 500 012 - Loss on exchange 86 494 - Loss on disposal of financial assets at fair value through profit or loss 793 721 297 047 2 571 628 421 925 (Loss)/profit before tax (1 257 692) # 1 747 342 Tax expense (157 385) (88 476) (Loss)/profit for the year (1 415 077) 1 658 866 Other comprehensive income for the year - - (Decrease)/increase in net assets attributable to the holders of (1 415 077) 1 658 866 participating shares (Loss)/earnings per share (0.14) 0.99 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2018 2018 2017 USD USD ASSETS Financial assets at fair value through profit or loss 26 082 996 23 394 637 Other receivables 94 096 76 779 Cash and cash equivalents 374 811 153 992 Total assets 26 551 903 23 625 408 LIABILITIES Other payables 171 326 81 191 Tax payable 5 834 4 997 Total liabilities 177 160 # 86 188 NET ASSETS ATTRIBUTABLE TO THE HOLDERS OF 26 374 743 23 539 220 PARTICIPATING SHARES NAV per share 2.39 2.60 STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO THE HOLDERS OF PARTICIPATING SHARES FOR YEAR ENDED 31 DECEMBER 2018 Net Asset Attributable to Unit Holders USD At 1 January 2017 11 097 610 Increase in net assets attributable to the holders of participating shares 1 658 866 Contributions and redemptions by holders of participating shares: Issue of participating shares during the year 12 753 797 Redemption of participating shares during the year (1 296 469) Refund during the year (4 608) Dividends paid (669 976) At 31 December 2017 23 539 220 At 1 January 2018 23 539 220 Decrease in net assets attributable to the holders of participating shares (1 415 077) Contributions and redemptions by holders of participating shares: Issue of participating shares during the year 6 248 663 Redemption of participating shares during the year (1 273 417) Dividends paid (724 646) At 31 December 2018 26 374 743 STATEMENT OF CASH FLOWS FOR YEAR ENDED 31 DECEMBER 2018 2018 2017 USD USD Cash flows from operating activities (Loss)/profit before tax (1 257 692) 1 747 342 Adjustment for: Unrealised loss/(gain) on financial assets at fair value through profit or loss 1 500 012 (1 272 178) Dividend income (1 135 437) (630 352) Unrealised foreign exchange loss/(gain) on retranslation of financial assets 122 372 (286 669) at fair value through profit or loss Loss on disposal of financial assets at fair value through profit or loss 793 721 297 047 Income from spin off transaction (178 465) (18) (155 489) (144 828) Working capital movements Increase in other payables 90 134 81 191 (Increase)/decrease in other receivables (13 748) 1 304 76 386 82 495 Tax paid (156 548) (83 479) Net cash used in operating activities (235 651) (145 794) Cash flows from investing activities Acquisition of investments (13 574 022) (16 272 587) Proceeds from disposal of investments 8 648 023 4 579 980 Dividend received 1 131 869 590 219 Net cash used in investing activities (3 794 130) (11 102 388) Cash flows from financing activities Proceeds from issue of participating shares 6 248 663 12 753 797 Redemption of participating shares (1 273 417) (1 296 469) Refund of proceeds of participating shares - (4 608) Dividend paid (724 646) (669 976) Net cash generated from financing activities 4 250 600 10 782 744 Net increase/(decrease) in cash and cash equivalents 220 819 (465 456) Cash and cash equivalents at beginning of the year 153 992 619 448 Cash and cash equivalents at end of the year 374 811 153 992 The above preliminary Financial Statements for the year ended 31 December 2018 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. 29 March 2019 Sponsor: Grindrod Bank Limited Date: 29/03/2019 05:40:00 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.