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Karachi: We have inform you that the Board of Directors of IGI Funds Limited (IGIFL), the management company of IGI Aggressive Income fund, in their meeting held on Thursday, October 27, 2011, at our Karachi Office has approved the Condensed interim Financial Statements of IGI Aggressive Income Fund for the quarter ended September 30,2011 We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange in due course.
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For the quarter |
For the quarter |
|
|
Ended 30 |
Ended 30 |
|
|
September 2011 |
September 2010 |
|
|
Rupees |
||
| Income | ||
| Financial Income | 18,578,720 | 13,624,179 |
| Net Capital loss/ gain on sale of investments classified as | ||
| ‘at fair value through profit or loss-held for trading’ | (6,413,643) | (7,782,278) |
| Net unrealized diminution in fair value of investments | ||
| Classified as ‘at fair value through profit or loss-held for | ||
| Trading | 8,721,861 | (5,640,688) |
| Provision for impairment against non performing Term | ||
| term finance certificate classified as held for trading | – | (68,133,656) |
| Reversal of provision against impairment for non performing | ||
| Term finance certificate classified as held for trading | 10,019,564 | – |
| Element of income and capital game included | ||
| In prices of units sold less those in | ||
| Units redeemed –net | 24,272,209 | – |
| ———- | ———- | |
| Total Income | 55,178,711 | (67,912,443) |
| Expenses | ||
| Remuneration to the Management Company | 2,311,706 | 3,917,759 |
| GST on remuneration of Management Company | 269,970 | – |
| Remuneration to the Trustee | 281,870 | 391,792 |
| Annual fee to the Securities and Exchange | ||
| Commission of Pakistan | 124,347 | 146,919 |
| Brokerage expense and capital value tax | 7,308 | 57,484 |
| Bank and settlement charges | 13,692 | 2,472 |
| Amortization of deferred formation cost | 157,504 | 187,978 |
| Auditors’ remuneration | 85,468 | 164,640 |
| National Clearing Company of Pakistan | ||
| Limited charges | 45,000 | – |
| CDS transaction fee | 1,554 | 978 |
| Annual listing fee | 10,028 | 10,104 |
| Printing charges | 31,464 | 39,469 |
| Rating fee | 43,576 | – |
| ———- | ———- | |
| Total expenses | 3,483,787 | 4,919,596 |
| ———- | ———- | |
| Net Profit / (Loss) for the period Rupees | 51,694,924 | (72,832,038) |
For more information, contact:
Abdul Qadir
Company Secretary
IGI Funds Limited
7th Floor, The Forum,
Suite No 701,713,
G-20 Khayaban-e-Jami Block-9 Clifton,
Karachi-75600, Pakistan
UAN: +92-21-111-367-444
Fax: +92-21-35306742