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JSE STAN40
STNCIS
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 Produced by the JSE SENS Department.
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