Investment Funds And Alternative Investment Funds Open To The Annual Accounts, The Consolidated Annual Report And Half-Yearly Reports, To The Preparation Of The Legislative Provisions

Original Language Title: Ieguldījumu fonda un atvērtā alternatīvo ieguldījumu fonda gada pārskata, konsolidētā gada pārskata un pusgada pārskata sagatavošanas normatīvie noteikumi

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here: https://www.vestnesis.lv/ta/id/135964

Financial and capital market Commission regulations No 99 in Riga, 19 May 2006 (pr. Nr. 22, 3. p.)
Investment Fund annual report Regulations Issued pursuant to the financial and capital market Commission of the law article 7 paragraph 1, first subparagraph, and article 17, paragraph 2 of the law "On investment firms ' article 72, first subparagraph, of the European Parliament and of the Council of 19 July 2002, Regulation (EC) No 1606/2002 on the application of international accounting standards" (5) i. General questions 1. "Investment Fund annual report rules" (hereinafter-the rules) are bound by investment management companies When preparing the Investment Fund (hereinafter Fund) annual report and accounts of the sort.
2. the investment management company for each of its existing fund administration shall prepare an annual report of the Fund (hereinafter – the annual report), which must comply with the requirements of this regulation.
3. the annual report as a single package consisting of: 3.1 the financial statements, which include: 3.1.1. asset and liability report 3.1.2. income and expenditure report, 3.1.3. net asset movement statement, 3.1.4.;
3.2. investment management company reports;
3.3. statement of investment management company executive responsibility;
3.4. the custody report.
4. The financial statements provide a true and fair view of the Fund's financial position, performance and cash flow. Financial statement preparation is carried out on the basis of the international accounting standards Board issued international accounting standards, financial reporting standards and international financial reporting interpretations Committee's interpretations of the standards approved by the European Commission and which has been published in the official journal of the European Union (hereinafter referred to as international financial reporting standards). Information about the European Commission approved international financial reporting standards available in the website www.europa.eu.int/comm/internal_market/accounting/ias_en.htm, as well as the Ministry of Finance of the Republic of Latvia in the website www.fm.gov.lv. In preparing the financial statements, you can also use the international financial reporting standards published in the official journal of the European Union after the balance sheet date but before the approval of the annual report. Information about international financial reporting standards in the course of approval of the European Commission, and the expected publication of the official journal of the European Union is available on the website www.efrag.org.
5. A sample statement of assets and liabilities, the income and expenditure account and net asset movement statement item layout specified in that rule 19, 23 and 35, paragraph. You can hide some of the items of the financial statements, if they are not essential or not reporting it makes visible the financial statements, as well as to create those other layout or include additional items, but in any case the roles information recording must comply with international financial reporting standards.
6. the annex shall include descriptive information about the report of assets and liabilities, the income and expenditure account and net asset movement statement item content as well as reveal other information that could have a significant influence on, or may have a significant effect on the financial position of the Fund and its activities.
7. The annual report of the currency is the monetary unit of the Republic of Latvia. The annual report indicates the financial statements show the degree of accuracy of the figures.
8. Rules for an explanation of terms used in the annex.
 
II. Annual report submission and publication 9. Annual report of the investment management company Board protocol statement of approval of the annual report and the full Fund sworn or certified auditor the auditor of the company (hereinafter referred to as the sworn auditor) report on the annual report submitted to the financial and capital market Commission (hereinafter the Commission) the law "on investment management companies". Investment management company within 10 days of receiving it, but not later than the year following the reporting year may 1, submitted to the Commission for investment management firm addressed to the management of the Fund, the certified auditor's report (management letter).
10. If the Fund's sworn auditor's opinion on the annual report on the financial statements is included with notes or sworn auditor refused to give an opinion or provided a negative opinion, the investment management company for at least 10 days before the publication of the annual report shall provide the Commission with written proposals to further improve the operation of the Fund.
11. Full or abbreviated Fund annual report and the auditor's report will be published by sworn in at least one daily newspaper, which is distributed throughout the territory of the Republic of Latvia, and insert in the investment management company's internet website, if any, the law "on investment management companies" within the prescribed period. Investment management is the responsibility of society to ensure that a full annual report of the Fund to be freely available in its Central Office no later than the year following the reporting year on May 1.
12. If the annual report is published in full, the investment management company that is clearly published short Fund annual report, and indicate where you can look at the full annual report. Publish a short annual report shall be accompanied by a sworn auditor's report on the condensed annual report. Shortened Fund annual report includes statements of assets and liabilities, the income and expenditure account and net asset movement statement.
 
III. Reports 13. investment management company report: 13.1. name and fund the Fund;
13.2. the investment management company name, registered office and registration number, license number for the transaction of the investment firm and the date of issue;
13.3. a description of the investment policy, changes in the reference year and the situation in the different markets;
13.4. the activities of the Fund Representative in the assessment, URt.sk.: 13.4.1. the total size of the Fund's assets, the Fund's net asset value of investment certificates of the URu.tml. evaluation and indicator change in it;
13.4.2. information on the contribution of structural changes;
13.4.3. investment in General and individual investment profitability assessment;
13.4.4. Fund management expenses;
13.5. information about any important events since the end of the reporting period to the date of approval of the annual report, which is important for the financial position of the Fund and its understanding of performance;
13.6. the future development of the Fund forecast, explaining any relevant circumstance and risk.
14. the report of the investment management company signed investment management company Chairman of the Board and the Fund Manager.
15. investment management company Board written notification that its liability for the accuracy of financial statements: the Board 15.1 the is obliged in accordance with existing legislative requirements to prepare financial statements that clearly and truly reflect the financial position of the Fund at the end of the accounting year, as well as the review on performance;
15.2. the Executive Board is responsible for the proper keeping of accounts, for the conservation of the resources of the Fund, as well as fraud and other fraudulent activities;
15.3. do financial reporting items evaluated consistently using international financial reporting standards;
15.4. or investment management company's Board decision and assumptions about the preparation of the annual report have been carefully and wisely.
16. notification of investment management company Board responsibilities of investment management company signature of the Chairman of the Board.
17. Custodian report: 17.1. Fund custodian name, registered office and registration number;
17.2. the custodian of the list of duties and responsibilities;
17.3. the emission units, sales and atpakaļpirkšan in consistency with the law "on investment management companies", the fund prospectus and the Fund's Management Charter requirements;
17.4. the Fund's compliance with the Act of storing "for investment management companies" and the custodian agreement;
17.5. the Fund's net asset value calculation in compliance with the law "on investment management companies", this provision, the fund prospectus and the Fund's Management Charter requirements;
10.9. the investment management company filed the order compliance with the law "on investment management companies", fund prospectus, the Fund's Management Charter, and a custodian contract requirements;
17.7. other information about the Fund, which is essential for the Fund's investors.
18. Custodian bank report signed by the Chairman of the Management Board.
 
IV. statement of assets and liabilities assets and liabilities 19 statement item layout sample 19.1. Active 19.1.1 requirements on demand to credit institutions 19.1.2. Time deposits with credit institutions 19.1.3. Held for trading financial assets 19.1.3.1. Debt securities and other fixed income securities 19.1.3.2. Shares and other securities with fixed income 19.1.3.3. Derivative financial instruments

19.1.4. Classified as fair value financial assets evaluated the presentation of profit and loss statement 19.1.4.1. Debt securities and other fixed income securities 19.1.4.2. Shares and other securities with fixed income 19.1.5. Available-for-sale financial assets 19.1.5.1. Debt securities and other fixed income securities 19.1.5.2. Shares and other securities with fixed income 19.1.6. Held-to-maturity investments receivables 19.1.7 19.1.8.. Investment property 19.1.9. Prepaid expenses and accrued income other assets 19.1.10.19.1.11. Total assets (19.1.1 + ... + 19.1.10.)
19.2 obligations on demand. for 19.2.1 to credit institutions 19.2.2. Held for trading financial liabilities 19.2.3. Classified as fair value assessed financial obligations with the presentation of profit and loss statement 19.2.4. Amortized acquisition value assessed financial commitment 19.2.5. Financial assets transfer the resulting financial obligations 19.2.6. Deferred income and accrued expenses accruals 19.2.7.19.2.8 19.2.9. other liabilities total liabilities (19.2.1. + ... + 19.2.8.)
19.3 Net assets (19.1.11. – 19.2.9.)
 
V. explanatory notes on the reporting of assets and liabilities items 20. Assets 20.1. requirements on demand to credit institutions this item shows the Fund's requirements on demand to credit institutions (claims against credit institutions, which can be satisfied without prior demand or request deadline is 24 hours or one business day). A credit institution within the meaning of this provision corresponds to article 1 of the law of credit institutions 1, point a (a)).
20.2. Held for trading financial assets this item shows the portion of the fair value of financial assets with an estimated coverage of profit or loss, which under international accounting standard 39., are classified as held for trading financial assets, such as debt instruments and equity instruments financial derivatives.
20.3. Classified as fair value financial assets evaluated the presentation of profit and loss statement under this item displays the portion of the fair value of financial assets with an estimated coverage of profit or loss, which under international accounting standard 39., are classified as at fair value financial assets evaluated the presentation of profit and loss statement (in the case of the Fund income and expenditure), such as debt and equity instruments.
20.4. Held-to-maturity investments this item displays the debt traded on a regulated market of securities and other financial investments with a fixed maturity that are classified as held-to-maturity investments.
20.5. Receivables this item presented to the regulated market without trade in debt securities, receivables and other claims arising from transactions with customers, t.sk. financial assets with fixed maturity that are classified as receivables.
20.6. Prepaid expenses and accrued income this item displays the income relating to the financial year and for earlier years, but the period for receipt of the balance sheet date are not yet timed, for example, not yet received, but the calculated commissions, rents, interest income, except where, in accordance with international financial reporting standards include the specified financial assets at fair value or amortized acquisition costs.
This item shall also show the expenses incurred up to the end of the financial year but relating to future periods.
This item recording income/expenses consisted only of assets that are not classified in any of the categories of financial assets.
21. the obligation to Respect the request 21.1 to credit institutions this item displays the obligations arising from transactions with credit institutions, t.sk. credit balances on the settlement accounts (overdraft), which are reimbursable without prior request or request within 24 hours or one business day.
21.2. Held for trading financial liabilities this item displays the financial obligations towards clients from held for trading in financial derivatives, short positions in financial instruments and other liabilities, which fund will be classified as held for trading financial liabilities.
21.3. Amortized acquisition value rated financial commitments this item displays the financial obligations towards clients who fund classified as amortized acquisition value assessed financial commitment.
21.4. the transfer of financial assets the resulting financial obligations this item shows the amount of the consideration received for financial assets that are transferred to another party, but the Fund retains a significant portion of the risks and benefits resulting from the transferred financial assets in accordance with international accounting standard 39. in paragraph 29, for example, of an agreement on the sale of the asset repurchase (repo), as well as the Fund's liabilities on stored transferred financial assets in accordance with international accounting standard 39-31. The annex provides information on the types of financial assets and the corresponding financial commitments areas.
21.5. Deferred income and accrued expenses this item displays the costs relating to the financial year and for earlier years, but the date for payment of the balance sheet date are not yet joined, except that in accordance with international financial reporting standards include the fixed financial obligations at fair value or amortized acquisition costs. This item shall also in accordance with international accounting standard 17-estimated accrued rent payments.
This item shall also show the income that is received by the Fund, until the end of the reporting year, but relating to the next financial year.
This item recording income/expenses consisted only of assets that are not classified in any of the categories of financial instruments.
21.6. The provision under this item displays accruals that relate to the reporting year and prior years and meet 37. International accounting standard.
22. the net assets this item shows the total assets and total liabilities.
 
Vi. Income and expenditure account 23. Income and expense reporting sample 23.1. The reporting period income 23.1.1. Interest income dividend income 23.1.2.23.1.3. Income from investment property 23.1.4. Other income total income 23.1.5 (23.1.1. + ... + 23.1.4.)
23.2. The reporting period expenditures 23.2.1. Interest expenditure 23.2.2. Reward investment management company. The remuneration to the custodian 23.2.3 23.2.4. other administrative expenses of the Fund 23.2.5. Other expenditure total expenditure 23.2.6 (23.2.1. + ... + 23.2.5.)
23.3. the investment value increase/(decrease) the value Realized 23.3.1. increase/(decrease) in unrealized investment 23.3.2. values increase/(decrease) the value of growth 23.3.3. the gum/(decrease) total (23.3.1 23.3.2. +.)
23.4. taxes and fees as a result of the investment gain 14.6. net asset increase/(decrease) (23.1.5.-.-23.4 23.3.3 23.2.6. +.)
 
VII. the explanatory notes on the income and expenditure items 24. Interest income this item displays the year in interest income from deposits and requirements on demand to credit institutions. Here are presented in the annual report the interest income on debt securities regardless of income calculation method, t.sk. income arising from a discount amortizēj for assets acquired by the value that is less than the par value, which will receive funds, due to the repayment of these assets. As a percentage of revenue reductions include expenses arising from the amortizēj bonus for assets acquired by value greater than par value, which will receive funds, due to the repayment of these assets.
As interest income report income resulting from the agreement on the sale of the asset repurchase (repo) as a result of active buyer, amortizēj the positive difference between the sales price of the assets purchased and the purchase price.
As interest income report income from hedging purpose purchased financial derivatives, which are divided according to the actual agreement and essentially similar percentages.
25. Income from dividends presented under this item from investments in shares and other securities with fixed income and fund investment certificates and pielīdzināmo securities and received dividends receivable.
26. Other income this item presented in previous years does not secure debts (except for the reporting of assets and liabilities 19.1.3.-item shown 19.1.6 assets) created a reduction in stocks, the income from the assets written off in previous years (except for the reporting of assets and liabilities 19.1.3.-item reported active 19.1.6) recovery, as well as other income connected with the administration of the Fund, but is not reportable item 23.1.1. – 23.1.3.
27. Interest expenditure

This item displays the reference year for the data presented in the statement of assets and liabilities – item 19.2.6 19.2.1, i.e. the costs incurred by the agreement on the sale of the asset repurchase (repo) assets resulted in renaming the amortizēj positive, the difference between the purchase price of the assets sold and the selling price, as well as other interest expenses.
As interest expenses show expenses from hedging purpose purchased financial derivatives, which are divided according to the actual agreement and essentially similar percentages.
28. the remuneration of the investment management company for this item displays the remuneration due to the investment management company in accordance with the provisions of the prospectus of the Fund, t.sk. payments to the Commission.
29. The remuneration to the custodian under this item displays the remuneration due to the custodian in accordance with the provisions of the prospectus of the Fund.
30. other investment fund management expenses this item displays the rewards due to Certified Auditors of the Fund, as well as other administrative expenses of the Fund.
31. Other expenditure under this item of expenditure is presented to the stocks for safe debt (t.sk. the accrued income) relating to the financial year, excluding savings assets presented in the statement of assets and liabilities – 19.1.6 19.1.3. item. This item includes the losses resulting from the asset (excluding assets presented in the statement of assets and liabilities – item 19.1.6 19.1.3.) retirements, provided they have not previously been provisioned or created stocks proved to be less than the amount of the disposal.
32. the realized investment value increase/(decrease) this item displays the difference between the amount of money received from the reporting of assets and liabilities – 19.1.2 19.1.6. and item reflect contribution 19.1.8 sales, t.sk. delete, of the Securities and the amount of money that is spent to purchase these investments, adjusted in the following order: 32.1. increasing their contribution to the reduction of the value of the specified to its revaluation in previous reporting periods;
32.2. the increase in the value of the contribution provided in the revaluation in previous reporting periods.
33. Unrealized investment value increase/(decrease) presented under this item the report of assets and liabilities – 19.1.2 19.1.6.19.1.8. item shown and revaluation of assets increase in value resulting from the reduction in t.sk/. fair value revaluation of investments evaluated, foreign currency translation, provision of unsecured debt, as well as impairment loss.
34. taxes and fees this item show taxes and charges relating to the financial year.
 
VIII. Net asset movement statement 35. Net asset movement statement sample 35.1. Net assets at the beginning of the year. As a result of the investment gained 35.2 net asset increase/(decrease) 35.3. Dividend certificate holders of the Fund transactions with investment of 22.0 certificates 35.4.1. Income from sales of investment certificates 35.4.2. atpakaļpirkšan the units costs. Net asset increase 35.4.3/(decrease) of transactions in investment certificates (35.4.1. – 35.4.2.)
22.1. The net asset increase/(decrease) in the reference year (21.9-21.9. + 35.4.3.)
35.6. the net assets at the end of the year (21.8 + 22.1.)
22.2. the number of units issued a statement at the beginning of the year 22.2. Issued number of units at the end of the accounting year, 22.3. Net assets per investment certificate at the beginning of the year (21.8.: 35.7.)
35.10. Net assets per investment certificate at the end of the year (22.1:22.2.)
 
IX. Explanation of net asset movement statement items 36. Dividend certificate holders of the Fund, this item displays the results of the investment in net asset increase part that setting is not taken into account unrealized appreciation of investments, the cost amount for the Fund closed licence holders in proportion to their holdings of existing units.
37. the income from sale of units under this item report income from the sale of the units, which form a part of the Fund's value and the release of the amount of the Commission.
38. investment certificate of expenditure under this item atpakaļpirkšan presented to the Fund's investment certificate holders for atpakaļpirkšan units for the amounts paid.
 
X. valuation rules 39. Financial statements prepared according to the following general principles: 24.3. assuming that the Fund will operate in the future and the investment management company management has no intention or need to terminate the operations of the Fund, or dramatically reduce the scope of the Fund (the going concern principle);
24.4. using the same accounting and valuation methods used in the preparation of the previous report, the annual financial statements (principle of coherence or consistency);
39.3. the evaluation carried out in all cases with due caution (precautionary principle) according to the following rules: 39.3.1. include only a reference year of profit, that is, the income/expenses are presented, taking into account the conditions that existed at the balance sheet date;
39.3.2. take into account all the obligations relating to the financial year and the previous financial year;
39.3.3. take into account any write-down and amortization/depreciation amount regardless of whether the reporting year a loss or a profit;
24.5. in the report reflect the income and expenses relating to the financial year, regardless of receipt or payment date (accrual basis);
24.5. report reflecting all relevant information on transactions and events in the reporting year (materiality principle). Information is material if its non-disclosure could affect the users of the financial statements of the further decision-making;
24.6. the assets and liabilities and their components by estimating individually;
24.7. each annual report reporting of assets and liabilities start date in accordance with the previous statements of assets and liabilities of the closing data. Review on the statement of assets and liabilities start date may vary from the investment management company approved by the Executive Board in the previous report of assets and liabilities, if in accordance with international financial reporting standards are specified adjustments of previous accounting periods.
40. If using the principles referred to in paragraph 39, between some of them conflict, individual transaction or event and registration is carried out by favouring the precautionary principle and the principle of materiality.
41. In preparing the financial statements, the investment management company may derogate from the principle referred to in paragraph 39, only justified for reasons of substance and impact on the Fund's financial position and the results of its operations in the Annex explains.
42. transactions and events Fund reflects the financial statements, taking into account their economic content and nature, not merely the legal form.
43. the statement of assets and liabilities assets or liabilities shown value which should not be reduced by deducting from the value of the asset value of the undertaking or deducting from the value of the asset value of obligations, except where required or permitted by the international financial reporting standards.
44. the review of income and expenditure income and expenditure may not be mutually set off except when required or permitted by the international financial reporting standards.
45. the statement of assets and liabilities assets if they are provisioned, presented net of the value of these stocks.
46. Assets and liabilities in foreign currency in the Republic of Latvia monetary units by Bank of Latvia exchange rate on the last day of the reporting period. With the change in foreign exchange rates relates to the value of assets and liabilities change in Latvian currency reflects the income and expenditure statement.
47. If, between the end of the year and the date on which the annual report approved by the Management Board of the investment management company, has received information that provide evidence of conditions that existed at the balance sheet date, the following events take account of relevant items of the financial statements.
48. the purchase and sale of assets accounted for a transaction or settlement date. The selected method is used consistently.
49. the investment management company determines the marketing list Organizer arranges for the investment of the assets of the portfolio of open and regular publicly traded business closure and that the information provided on this active quotes will be taken into account in the valuation of assets of the Fund. Creating the list based on the organizer of trade information in which the asset is purchased in the quoted.
50. the investment management company aligned with the custodian of the investment management company's internal procedures, the investment portfolio of the Fund, the assets price used for testing the accuracy of order.
51. the investment management company of the Fund's accounting policy determines the type of each financial instrument valuation method and apply it consistently. Financial instruments are classified as follows:

51.1. the estimated fair value of financial assets or financial liabilities with the presentation of the income statement: 51.1.1. held for trading financial assets or financial liabilities classified as 51.1.2. fair value measured financial assets or financial liabilities with the presentation of profit and loss statement;
51.2. available-for-sale financial assets;
51.3. the accounts receivable;
51.4. held-to-maturity investments.
52. All items of the financial statements, the assessment shall be carried out on the basis of international financial reporting standards requirements, insofar as this does not conflict with the provisions of paragraph 4.
 
The content of annex XI. 53. Annex shall include the following, as well as other points of these regulations on the Fund's financial statements and specified the contents of international financial reporting standards with the requested information.
54. Accounting policy provides clarification for an explanation of all the most important accounting policies used in preparing the financial statements, t.sk. about: 54.1. criteria and assumptions applied to the asset and liability report items recognised in the statement of assets and liabilities or the disposal of it;
54.2. assets and liabilities statement item evaluation principles;
54.3. income and expense accruals and recognition policy;
54.4. the methods and significant assumptions used in the fair value of financial instruments;
54.5. hedging (hedging) relations and termination of recognition policy and accounting principles;
54.6. accrual of debts building unsafe and not recoverable debt write-off;
54.7. error related to the previous reporting period, the correction;
54.8. changes in accounting policies for recognition;
54.9. items expressed in foreign currency, the presentation of the Republic of Latvia for the conversion of the currency used in the course.
55. information on risk management deals with risks related to the investment portfolio, financial instruments and investment properties, and describes the risk management. Explain how risk it, with a major impact on the operations of the Fund, has changed in the reporting year, as well as provide clarification on the holding of financial instruments objectives and policies, which are implemented to achieve the objectives set.
56. detailed information on investment report of assets and liabilities – 19.1.2 19.1.6. item appearing 19.1.8 and investments: 56.1. financial instruments, except term deposits with credit institutions, grouped according to the issuer of a financial instrument in the country of registration;
56.2. financial instruments, except term deposits with credit institutions, grouped according to whether they are traded on regulated markets of financial instruments or other financial instruments, including financial instruments issuer's name, the quantity of securities, the acquisition value and the book value;
56.3. term deposits in credit institutions grouped according to relevant transaction partner's country of registration, stating their values and separately, the accrued interest;
56.4. derivative financial instruments, t.sk. with a negative fair value, grouped according to the counterparty's origin (registration) in the country, including relevant derivative financial instruments accounting value;
56.5. investment property show location and its address book value;
56.6. the contribution of each presented the issuer's financial instruments and real estate accounting values of the ratio of the Fund's total net assets, expressed as a percentage.
57. the allocation of assets and liabilities by currencies presented in the statement of assets and liabilities items of assets and liabilities reflected in the breakdown by currencies (t.sk. The monetary unit of the Republic of Latvia, us dollars, euro, and other currencies), taking into account the future position of financial derivatives. Determine the currency net open position of the ratio of net assets, which is essential.
58. for the assessment of liquidity liquidity in asset and liability balances are presented according to their remaining repayments, or delete terms in the following time intervals: on request, up to one month (inclusive), from one month to three months from three months to six months from six months to one year, from one year to five years, five years or more. You can use the other time-intervals, splitting or combining these time intervals, taking into account the principle of materiality. In addition to the obvious assets and liabilities with a fixed maturity, the corresponding time interval criteria and assumptions used.
59. Financial assets whose carrying value is different from the fair values Of those financial assets whose carrying amount differs from the true value, provide the following information: 59.1. If financial assets must be valued at their fair value, but this is not done, this fact is discovered, explaining, for any reason, such financial assets are measured at fair value;
59.2. If financial assets must be valued in the acquisition value and amortized book value is higher than their real value, explains the reasons why it was not recognised financial assets impairment losses, as well as providing objective evidence that financial assets will regain at least their carrying amount;
59.3.59.1 and 59.2. are presented above the book value of financial assets and the fair value of the net assets, including relevant report item, which the financial asset.
60. the realized investment value increase/(decrease) displays the realized investment value increase/decrease structure, t.sk. the acquisition value of investments sold, sold the investment sales price and value of investments sold (increase)/decrease in established in previous reporting periods, the adjustment.
61. Unrealized investment value increase/(decrease) displays the unrealized appreciation of investments/reduction structure, t.sk. report of assets and liabilities items which in the year under review was overrated and revaluation.
62. Other income and other expenses other income are presented and the rest of the structure of expenditure by type.
63. information on the movement of investment during the reference year For the reporting of assets and liabilities – 19.1.2 19.1.6.19.1.8. item and provide the following information: 39.2. the book value at the beginning of the year;
39.3. increase, i.e., the new acquisition of assets and liabilities in the accounting year;
63.3. reduction, i.e., the disposal of assets and liabilities for the year under review;
63.4. revaluation of year under review;
63.5. book value at the end of the year.
64. Pledged assets presented information about assets that are encumbered, and as a pledge or lien's terms and conditions.
65. the Fund's performance Dynamics Provides the following information: 65.1. comparative information for the last three years of net asset value changes the dynamics of investment certificates of the Fund, the number of investment certificates of the Fund, the value Dynamics;
65.2. the Fund's yield dynamics, showing the profitability, expressed as a percentage per year, at least for each of the past three years. The yield is calculated as the Fund's investment certificate value statement during the year relative to its value at the beginning of the year, when expressed as a percentage, assuming that there are 365 days in the year;
65.3. If starting or ending the activities of the Fund, the reporting period is shorter or longer than a calendar year, the yield calculated as the Fund's investment certificate value changes during the reporting period relative to its value at the beginning of the reporting period, indicating the period for which the calculation is performed;
65.4. If the nominal value of the units of the Fund are expressed in foreign currency, in addition to providing information about the Fund's net asset value and yield dynamics of the relevant foreign currency.
66. information on the disposal of assets limits presented information about any significant limitations that affect the investment management company capabilities at the end of the year to dispose of the assets of the Fund value, they are included in the financial statements. Restrictions may include, for example, by law or agreement certain restrictions relating to asset realisation or significant penalties, which would be paid in the case of asset realisation about the State of the balance sheet date, URu.tml.
67. Taxes and fees presented in the financial year of the Fund's assets paid taxes and fees by type of taxes and duties and received tax incentives.
68. information about the Fund's investment certificate holders presented information on the Fund's investment certificate shares issued the total number of units, which is the investment management company held by the interested parties.
69. information on the management of the Fund presented information about the investment management company of the members of the Management Board and the Fund Manager's name and position and the Fund management rights and obligations. The news also provides for those fund managers who left this year in the post.
 
XII. concluding issues 70. rules applicable, the investment management company for preparing the annual report of the Fund, starting in 2006.

71. the investment management company is entitled to apply the rules in preparing the 2005 annual report of the Fund.
Financial and capital market Commission President u. When annex financial and capital market Commission-19.05.2006. Regulation No 99 terms used in the rules of the Fund 1 net assets value of the Fund – Law "on investment management companies" within the meaning of article 30.
2. Financial instruments (financial instrument)-32. the international accounting standard within the meaning of paragraph 11.
3. Financial assets (financial asset)-32. the international accounting standard within the meaning of paragraph 11.
4. financial commitments (financial liability)-32. the international accounting standard within the meaning of paragraph 11.
5. Equity instruments (equity instrument)-32. the international accounting standard within the meaning of paragraph 11.
6. Derivative financial instruments (the counterparties) – 39. international accounting standards within the meaning of paragraph 9.
7. the estimated fair value of the financial assets or financial liabilities with the presentation of profit and loss statement (financial asset or financial liability at fair value through profit or loss) – 39. international accounting standards within the meaning of paragraph 9. These include: 7.1 keep trading financial assets or financial liabilities (financial assets or financial liability held for trading);
7.2. upon initial recognition classified as fair value estimate with the presentation of profit and loss statement (upon initial recognition designated as at fair value through profit or loss) (text of rules – classified as fair value estimated by the presentation of profit and loss statement).
8. Held-to-maturity (held-to-maturity) investments – international accounting standard 39. paragraph 9 of the terms.
9. loans and receivables (loans and receivable) – 39. international accounting standards within the meaning of paragraph 9.
10. Available-for-sale (available-for-sale) financial assets – 39. international accounting standards within the meaning of paragraph 9.
11. Fair value (fair value)-32. international accounting standards within the meaning of paragraph 11.
12. The Depreciated value of acquisition (amortised cost) – 39. international accounting standards within the meaning of paragraph 9.
13. Impairment loss (the loss of impairmen) – 36. international accounting standards within the meaning of paragraph 6.
14. Book value (carrying amount) – 36. international accounting standards within the meaning of paragraph 6.
15. the estimated value of the acquisition (valued at cost) – 27. international accounting standards within the meaning of paragraph 4.
16. Hedging (hedging) – 39. International accounting standard within the meaning of paragraph 71.
17. Investment property (investment property)-40. international accounting standards within the meaning of paragraph 5.