Financial and capital market Commission, the provisions of regulations no 286 Riga 2014 on December 5 (financial and capital market Commission Council meeting No. 44. p.) Closed the alternative investment fund annual report and the consolidated annual report for the preparation of the Regulations Issued under the provisions of the alternative investment fund manager of the law the second part of article 56 and 57. the second paragraph of article i. General questions 1. "closed the alternative investment fund annual report and the consolidated annual report of the legislative provisions" (hereinafter-the rules) are bound to the following alternative investment fund managers (AIFM hereinafter), preparing the closed alternative investment fund annual report , the consolidated accounts and the accounts of the sort: 1.1 in Latvia or in another Member State, authorised aifm managing SMEs in Latvia closed the alternative investment fund; 1.2. in Latvia registered aifm managing SMEs in Latvia closed the alternative investment fund. 2. The AIFM shall for each it manages existing in Latvia registered the closed alternative investment Fund (hereinafter Fund) prepare the rules referred to in paragraph 1. 3. For each of the years of operation of the Fund shall prepare annual accounts (consolidated accounts), which meets the requirements of these provisions, and it includes financial statements give a true and fair view of the financial position of the Fund, the results of its operations and cash flows. 4. who established the Fund as a matter of community, annual report as a single package consisting of: 4.1 financial statements, which include: 4.1.1 report of assets and liabilities, 4.1.2. income and expenditure report net asset movement 4.1.3, 4.1.4. cash-flow statements, 4.1.5.; 4.2. The AIFM report; 4.3. notification of the AIFM responsibility; 4.4. a custodian, if any, of the message. 5. who established the Foundation as a company, annual report (consolidated financial statements) as a single package consisting of: 5.1 financial statements, which include: 5.1.1 balance sheet (consolidated balance sheet) 5.1.2. income statement (consolidated profit and loss statement), 5.1.3. cash-flow statements (the consolidated cash flow statement), 5.1.4 changes to capital and reserves statements (the consolidated capital and reserves changes) 5.1.5; 5.2. The AIFM report; 5.3. notice of the AIFM responsibility; 5.4. a custodian, if any, of the message. 6. the report of assets and liabilities, income and expenditure, cash flow statement item layout provided in these rules, III, IX and XI part VI, but the balance sheet and income statement items of the layout provided in these rules, part IV and VII You can hide individual items, if they are not essential or not reporting it makes financial statements more transparent, but in that case they shall disclose the information requested in the annex. 7. the annex shall include descriptive information about the report of assets and liabilities, income and expenditure, cash flow statement, balance sheet, income statement, changes in capital and reserves report items of content, comment on the risk control and management, related to the activities of the Fund, as well as reveal other information that could have a significant influence on, or may have a significant effect on the Fund's financial position, performance and cash flows. 8. Each report of assets and liabilities, income and expenditure, cash flow statement, balance sheet, income statement item presented in the current year and the previous year's report. The first accounting year reflects only the scores for the year. Statement of assets and liabilities, income and expenditure, cash flow statement, balance sheet, profit and loss statement items that do not have the pointer displays only if the previous annual report has been presented the table of items. 9. In accordance with the requirements of the rules prepared annual report (consolidated financial statements) do not provide enough for a true and fair view of the financial position of the Fund and the results of its operations, in exceptional cases may derogate from certain requirements of these provisions, the following Annex explaining the reasons for the resignation and its impact on the Fund's financial position, performance and cash flow. 10. Annual report (consolidated annual accounts), the currency is the monetary unit of the Republic of Latvia. Annual report (consolidated annual accounts), the financial statements show the degree of accuracy of the figures. II. Report on the AIFM report 11:11.1. Fund name and type of the Fund; 11.2. The AIFM name, registered office and registration number in the trade register, license number and issuing for aifm date, but the registration number of the AIFM established in the financial and capital market Commission (hereinafter the Commission); 11.3. a description of the investment policy, changes in the reference year and the situation in the different markets; 11.4. the activities of the Fund Representative in the assessment, URt.sk.: 11.4.1. the total size of the Fund's assets, the Fund's net asset value, investment value, part URu.tml. evaluation and indicator change in the characteristics of it, 11.4.2. information on investment structure, investment in General and 11.4.3. individual investment profitability assessment, 11.4.4. the Fund's administration costs; 11.5. 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; 11.6. the further development of the Fund forecast, explaining any relevant circumstance and risk. 12. If the Fund is set up as a community, then use the AIFM report signed by the Chairman of the Board and of the AIFM for fund management officer. If the Fund is set up as a commercial company, the AIFM report signed by AIFM and external Foundation Chairman of the Board or the Chairman of the Board of the internal of the AIFM. 13. written notification the AIFM, establishing responsibility for the financial statements (consolidated financial statements) the truth: that the Board has a duty 13.1. in accordance with existing legislative requirements to prepare financial statements (consolidated financial statements), which clearly and truly reflect the financial position of the Fund at the end of the accounting year, as well as the review on performance; 13.2. the 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; 13.3. do financial statements (consolidated financial statements) the items assessed in accordance with the requirements of the rules; 13.4. decisions of the Management Board and or assumptions about annual report (consolidated annual accounts) have been preparing carefully and wisely. 14. If the Fund is set up as a community, then the case statement on the responsibility of the AIFM shall be signed by the Chairman of the Management Board and of the AIFM for fund management officer. If the Fund is set up as a commercial company, the AIFM statement of responsibility signed by the aifm and external Foundation Chairman of the Board or the Chairman of the Board of the internal of the AIFM. 15. the report indicates a custodian: 15.1 the Fund custodian name, registered office and registration number of the commercial register; 15.2. duties and responsibilities of the custodian of the list; 15.3. the investment part of the sales and the compliance with emissions regulations, the alternative investment fund rules or instruments of incorporation; 15.4. the Fund's compliance with storage and custody laws and requirements of the contract; 15.5. the Fund's net asset value calculation in compliance with the legislation, the alternative investment fund rules or instruments of incorporation; 15.6. the compliance of submitted orders to the AIFM legislation, the alternative investment fund rules or instruments of incorporation and the custodian agreement; 15.7. other information about the Fund, which is essential for the Fund's investors. 16. report signature custodian credit institutions or investment brokerage company's Chairman of the Board. III. Asset and liability items in the report layout sample 17. Actively 17.1. Requirements on demand to credit institutions 17.2 17.2.1. investments. Debt securities and other fixed income securities 17.2.2. Shares and other securities with fixed income term deposits with credit institutions 17.2.3.17.2.4. Derivative financial instruments 17.2.5. Investment property 17.2.6. Other investment total investment 17.2.7 (17.2.1. + ... + 17.2.6.) 17.3. loans and receivables accrued income and 17.4. prepaid expenses 17.5. Other assets 10.9. Total assets (17.1. +. +. + 17.2.7 17.3 17.4 17.5. +.) 18. Obligations of 18.2 18.1 Credit derivative financial instruments 18.3. Accrued expenses and deferred income other liabilities 18.4 18.5 total liabilities (18.1 + ... + 18.4.) 19. Net assets (17.6-18.5.) IV. Balance sheet items layout sample 20. Assets 20.1. requirements on demand to credit institutions 20.2. investments 20.2.1. Debt securities and other fixed income securities 20.2.2. Shares and other securities with fixed income term deposits with credit institutions 20.2.3.20.2.4. Derivative financial instruments 20.2.5. Investment property 20.2.6. other investments total investments 20.2.7. (20.2.1. + ... + 20.2.6.) 20.3. loans and receivables loans in 20.3.1.20.3.2. Receivables 20.3.3. Claims for payment of the share of capital 20.3.4. Total loans and receivables (20.3.1. +. + 20.3.3 20.3.2.) 20.4. Accrued income and prepaid expenses 20.6 20.5. Other assets. Total assets (20.1. + 20.2.7. +. +. + 20.4 20.5 20.3.4.) 21. the obligations of Debt 21.1 21.2. Derivative financial instruments 21.3. Accrued expenses and deferred income other liabilities 21.4 21.5. Total liabilities (21.1. + ... + 21.4.) 22. the net assets (20.6-21.5.) 23. Capital and reserves 23.1. Signed capital 23.1.1. Paid capital 23.1.2. Outstanding shares 23.2. Previous years retained earnings/loss 23.3. Profit/loss 23.4. Total capital and reserves (23.1. + ... + 23.3.) 24. Off-balance sheet items contingent liabilities 15.0 15.0.. Off-balance sheet liabilities to customers V. Explanation of the statement of assets and liabilities and the balance sheet items 25. The item "requirements on demand to credit institutions" presented the cash funds in the request and to credit institutions (requirements that can be satisfied without prior demand or request shall not exceed 24 hours or one business day. 26. The item "debt securities and other fixed income securities" presented in the investment in transferable debt securities, mortgage in mortgage bonds and other negotiable securities in fixed income, t.sk. Central and local government in the securities issued by credit institutions and other companies in securities issued. Securities whose interest rate changes under special conditions, such as the interest rate on the interbank market, is regarded as debt securities and other fixed-income securities. 27. The item "shares and other securities with fixed income" investment company is presented in fixed capital investments and other securities with no fixed income. 28. The item "deposits with credit institutions ' deposits with credit institutions is presented, which can only be removed after a certain period. Deposits, which do not have such a time-limit or it does not exceed 24 hours or one day of work, even if they bear interest income reflects the statement of assets and liabilities item 17.1. or balance sheet item 20.1. A credit institution within the meaning of these provisions comply with the European Parliament and of the Council of 26 June 2013 Regulation (EU) no 575/2013 for the prudenciālaj requirements for credit institutions and investment firms, and amending Regulation No 648/2012 article 4 paragraph 1 subparagraph 1. 29. the assets under "derivative financial instruments" the financial assets arising from evaluating the derivative financial instruments fair value, i.e. the separate derivative financial instruments positive value amount. 30. The item "investment property" shows investment in land and buildings, t.sk. without the purchase of the leased and financial leasing transactions resulting. 31. Under "other investment" presented in other investments, of which does not comply with rule 26-30 above. If the amount shown under this item accounts for a significant amount in relation to the 26.-30. investments referred to in the annex provides a breakdown of the items. 32. The item "loans and receivables" presented the Fund provided loans, receivables and claims for contribution payment. 33. The item "accrued income and prepaid expenses" report income relating to the financial year and for earlier years, but that has not yet fallen due receipt. for example, dividends and interest income. Presented here also the costs incurred up to the end of the financial year but relating to future periods, such as prepaid expenses the amount of the Fund. 34. The item "other assets" displays all other claims, of which does not comply with the above mentioned active items. 35. The item "Credit" produced obligations to counterparties for investment of the Fund, as well as liabilities to credit institutions. 36. under the item "financial derivatives" presented to the financial commitments arising evaluating derivative financial instruments fair value, i.e. the separate derivative financial instruments negative value amount. 37. The item "accrued expenses and deferred income" presentation of the costs relating to the financial year and for earlier years, but the date for payment of the balance sheet date are not yet timed, for example, interest and other expenses incurred in the course of the activities of the Fund. Here also produce income that the Fund received up to the end of the reporting year, but relating to the next financial year. 38. The item "other liabilities" displays all other liabilities, of which does not comply with other related items, such as liability for payment a sworn auditor. 39. The item "Net assets" shows the remaining part of the assets of the Fund, after deducting all of its liabilities. 40. The item "share of the capital Paid in" presented in accordance with the operational rules of the Fund or the instruments of incorporation, established the amount of the share of capital, which investors are paid by the balance sheet date. 41. The item "outstanding shares" are presented in accordance with the Fund's operational rules or instruments of incorporation, established the amount of the share of capital that investors are not paid by the balance sheet date. 42. The item "profit/loss" presented at previous years retained earnings remaining in the Fund after the capital replenishment and distribution of dividends. Here are also to be included in the previous year. 43. The item "profit/loss" presented a profit after corporate income tax, but before its distribution in accordance with the decision of the general meeting, or loss. 44. Under "memo items" show provided guarantees, guarantees and assets, received as third party enforcement obligations, as well as all obligations to investors and third parties, which may present a risk. 45. special conditions: 45.1. If the Fund is involved in the agreement on the sale of assets with atpakaļpirkšan as a salesperson, then: assets sold 45.1.1. continues to present a statement of assets and liabilities or the balance sheet, and they must be shown separately in the annex as a result of the sale received 45.1.2. funds are presented in the statement of assets and liabilities or the balance sheet as a liability to the purchaser of the assets; 45.2. If the Fund involved in the agreement for the sale of the asset repurchase as a buyer, then put the assets may not be able to produce a statement of assets and liabilities or the balance sheet, but the deal results in the paid purchase price presented as claims against the seller of the assets; 45.3. where the Fund involved in the agreement for sale of assets under a repurchase option as a seller, then the assets should not be sold to present a statement of assets and liabilities or the balance sheet, but the amount that is equal to the price at which the parties agreed to repurchase the asset case, presented a Memorandum 24.2. item; 28.2. The Fund involved in the agreement for sale of assets under a repurchase option as a buyer, then put the assets presented in the statement of assets and liabilities or the balance sheet as assets of the type in question; 28.3. Assets presented in the statement of assets and liabilities or the balance sheet item, even if the Foundation has pawned them as your own or third party guarantee or otherwise betrayed it, maintaining control over these assets as security to third parties; 45.6. If the securities lending contract meets the derecognition criteria, the lender will stop the cast, but the securities collateral received is recognised in the statement of assets and liabilities in the balance sheet as the asset or item, while recognising the repurchase obligations. Vi. The income and expenditure statement item layout 46. Income and expense reporting sample. The reporting period 46.1 income 46.1.1. Interest income dividend income 46.1.2.46.1.3. Income from investment property 46.1.4. Other income total income 46.1.5 (46.1.1. + ... + 46.1.4.) 46.2. the reference period expenses remuneration the AIFM 46.2.1.46.2.2. Remuneration for the rest of the Fund custodian 46.2.3. administrative expenses 46.2.4. Other expenditure total expenditure 46.2.5. (46.2.1. + ... + 46.2.4.) 46.3. the investment value increase/(decrease) 46.3.1. Realized investment value increase/(decrease) 46.3.2. Unrealized investment value increase/(decrease) 46.3.3. investment value increase/(decrease) in the set (46.3.1 + 46.3.2.) 46.4. taxes and fees as a result of investment gained 28.9 net asset increase/(decrease) (46.1.5-46.3.3-46.2.5 + 46.4.) VII. Income statement items layout 47. Profit or loss statement sample 47.1. The reporting period income 47.1.1. Interest income dividend income 47.1.2.47.1.3. Income from the 47.1.4. investment property other income total income 47.1.5 (47.1.1. + ... + the 47.1.4.) 47.2. the reference period expenses remuneration the AIFM 47.2.1.47.2.2. Remuneration for the rest of the Fund custodian 47.2.3. administrative expenses 47.2.4. Other expenditure total expenditure 47.2.5. (47.2.1. + ... + 47.2.4.) 47.3. the investment value increase/(decrease) 47.4. Profit/loss before tax calculation (47.1.5.-47.2.5. + 47.3.) 29.5. Corporate income tax 47.6. Profit/loss (29.5-29.5.) VIII. Explanations on the income and expenditure statement and profit and loss statement items 48. The item "interest income" in the year presented the resulting interest income from deposits and requirements on demand to credit institutions. Here are presented in the annual report the interest income debt securities regardless of income calculation methods. As a percentage of revenue reductions include expenses arising from the amortizēj of premium assets, obtained a value of greater than nominal value that will receive the funds, due to the repayment of these assets. As interest income report income resulting from the agreement on the sale of assets as a result of the repurchase of the asset buyer, amortizēj the positive difference between the sales price of the assets purchased and the purchase price. 49. The item "income from dividend" produced from investments in stocks and other securities with fixed income and investment fund units and shares dividends received and receivable. 50. The item "income from investment property" show a return on investment of property letting, etc. like income. 51. The item "other income" show previous years does not secure debts created a reduction of stocks, income from previous years of recovery of assets written off, as well as other income connected with the administration of the Fund, but is not reportable income and expenditure-item 46.1.3 46.1.1 or income statement item 47.1.3 47.1.1. –. 52. The item "remuneration the AIFM" presented in the remuneration due the AIFM in accordance with the operational rules of the Fund or the instruments of incorporation, t.sk. remuneration. 53. The item "consideration custodian" presented the rewards due a custodian under the custody agreement. 54. Under "other management expenditure of the Fund" show consideration due to fund sworn auditor, investment consultants, payment to the Commission, as well as other administrative expenses of the Fund. 55. Under "other expenses" shall show the charges that the content doesn't match the above expenditure items of content. This item displays the costs savings not secure debts (t.sk. the accrued income) relating to the financial year. This item includes the losses resulting from the write-off of assets, if they have not previously been provisioned or created stocks proved to be less than the amount of the disposal. 56. The item "realized investment value increase/(decrease)" shows the difference between the amount of money received from the reporting of assets and liabilities or the balance sheet under item 17.2 item reflect contribution 20.2 sales, t.sk. delete, of the Securities and the amount of money that is spent to purchase these investments, adjusted in the following order: 56.1. increasing the value of the investment established its revaluation in previous reporting periods; 56.2. reduced by the increase in the value of the contribution provided in the revaluation in previous reporting periods. 57. The item "unrealized investment gains/(decrease)" presented in the statement of assets and liabilities 17.2 item or balance sheet item reported 20.2 revaluation of assets increase in value resulting from the reduction in t.sk/. foreign currency revaluation, the savings do not secure debts, as well as impairment loss. 58. The item "taxes and fees" presented in the taxes and duties relating to the financial year. 59. The item "corporate income tax" presented to the corporate income tax relating to the financial year. IX. statement of movements in net assets net assets for 60. review sample motion 60.1. Net assets at the beginning of the year. As a result of the investment lessons 60.2 net asset increase/(decrease) 60.3. Dividend Fund investment share holders 60.4. Income from investment of the Fund share sales. the increase in net assets of 37.6/(decrease) in the reference year (60.2 60.3 60.4.-. +.) 60.6. Net assets at the end of the year (60.1. + 60.5). 60.7. Investment Fund issued number of shares at the start of the year. Investment Fund issued 60.8 part number at the end of the year. Net assets per 60.9 Fund part of the fixed assets at the beginning of the year (60.1.: 60.7.) 60.10. Net assets per share of the Fund's investments at the end of the year (60.6.: 60.8.) Explanation of x. net asset movement statement items 61. The item "fund investment share Dividend to holders of" displays the realized investment gains as a result of the increase in net assets of the acquired shares, which amount to the Fund holders of investment shares determined in proportion of their holding of part of the investment. 62. The item "income from investment of the Fund share sales" report income from investment of the Fund, part of the sales, which make up part of the Fund's investment value and the release of the amount of the Commission. XI. Cash flow statement the cash flow statement 63. sample 63.1. Cash flows from operating 63.1.1. received interest income 63.1.2. interest expenses paid 63.1.3. investment acquisition expenses. Income from investments 63.1.4 sales 63.1.5. Investment management expenses 63.1.6. Cash and cash equivalents increase/(decrease) 39.3 operating. cash flow from investing activities 63.2.1. Income from the loan repayment 63.2.2. Loans in 63.2.3. Cash and cash equivalents increase/(decrease) from investing activities cash flows from 63.3. financing activities 63.3.1. Income from investment of the Fund, part of the the selling Dividend Fund investment 63.3.2. share holders 63.3.3. Cash and cash equivalents increase/(decrease) from financing activities Net of 63.4. cash and cash equivalents increase/(decrease) in the reference year (63.1.6. + 63.2.3. + 63.3.3) 63.5. Cash and cash equivalents at the beginning of the accounting year, 63.6. Effects of changes in foreign exchange rates on cash and its equivalents 63.7. Cash and cash equivalents at the end of the year (63.4 63.5 63.6. +. +.) XI. Explanation of the cash flow statement 64. The cash flow statement shows cash and its equivalent income and charges in the year to assess the Fund's ability to generate cash and cash equivalents Fund obligations. 65. the money is considered a cash balance in the Fund which, to demand and requirements with the remaining repayment period up to three months to credit institutions. The cash balance will be reduced by the liabilities to credit institutions on request and with a remaining maturity of up to three months. 66. the cash equivalents are to be considered as highly liquid short-term investments, i.e. those that short period of time can be converted to cash and there is little chance that its value will change significantly. Usually, the investment is considered cash equivalents only if, from the acquisition date until the maturity date (repurchase) residual maturity is short, such as three months or less. 67. The cash flow statement is prepared in accordance with international accounting standard 7 "cash flow statement". XIII. changes in capital and reserves report 68. changes in capital and reserves in the report, which describes the change in the net assets of the Fund, presented: 68.1. profit/loss; 68.2. previous years retained earnings/loss for the reporting year and at the beginning and end of this score changes during the financial year; 68.3. subscribed capital was part of the book value and the structure of the report the beginning and end of the year, explaining each change; 68.4. transactions with shares during the year. XIV. provisions 69. Evaluation of financial reports prepared according to the following general principles: 69.1. assuming that the Fund will operate in the future and have no intention of the AIFM or the need to terminate the operations of the Fund, or dramatically reduce the scope of the Fund (the going concern principle); EB 69.2. using the same accounting and valuation methods used in the preparation of the previous report, the annual financial statements (principle of coherence or consistency); 69.3. assessment in all cases with due caution in making (the precautionary principle) according to the following rules: 69.3.1. include only the income received in the year, that is, the income/expenses are presented, taking into account the conditions that existed in the end date of the reporting period, the 69.3.2. takes note of the commitments relating to the financial year and the previous financial year, 69.3.3. takes into account any depreciation and amortisation/depreciation amount regardless of whether the reporting year a loss or a profit; 69.4. report reflect the income and expenses relating to the financial year, regardless of receipt or payment date (accrual basis); 69.5. 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; 72.2. asset and liability items and components of assessing the individual; 69.7. each year a statement of assets and liabilities data are consistent with the start of the previous review closing data. 70. If using the principles referred to in paragraph 69, between some of them conflict, individual transactions or events assessment and registration is carried out by favouring the precautionary principle and the principle of materiality. 71. In preparing the annual report, the AIFM may derogate from the principle referred to in paragraph 69, only justified for reasons of substance and impact on the Fund's financial position, the results of its operations and cash flows of the annex. 72. transactions and events Fund reflects the financial statements, taking into account their economic content and nature, not merely the legal form. 73. The AIFM, developing Fund valuation policies and procedures, applicable on 19 December of 2012, Regulation No 231/2013 supplementing the directive of the European Parliament and of the Council in 2011/61/EU for exemptions, the General operating conditions, the proportion of the liability for the depositary, transparency and the monitoring. 74. the statement of assets and liabilities or assets or liabilities in the balance sheet shows a value which should not be reduced by deducting from the value of the assets less the value of the obligations or liabilities of the values of assets, except when legally justified such values of assets or liabilities. 75. The income and expenditure account or profit and loss statement income and expenses may not be mutually set off. However, 75.1. may: off their income (expenses) associated with a particular asset (liability), hedging with the expense (income) from this limited risk assets (liabilities); 75.2. the cross may be added into the income and expenses of the assets and liabilities of the Fund value through legally based rights, reduced. 76. If the reporting year previous year found errors or a change in the accounting policy, the previous table of adjusted items. On each occasion when the data have not been mutually comparable or carried out the previous year, the data provides an explanation in the annex. 77. Assets and liabilities in foreign currency in the Republic of Latvia the money to be used in the accounting units at the foreign 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 monetary units reflect the income and expense statement, or profit and loss statement. 78. If the reporting year end date and the date on which the annual accounts have been approved, receive information, which provide evidence of conditions that existed at the end date of the reporting period, the following events take account of relevant items of the financial statements. 79. the purchase and sale of assets accounted for a transaction or settlement date. The selected method is used consistently. 80. the assets and liabilities recognised initially records its acquisition value. Transaction costs related to the acquisition of assets and liabilities, assets and liabilities are included in the purchase price. 81. Debt securities held to the repayment period, after the initial recognition of the asset and liability report is presented in accordance with the following conditions: 81.1. the value of the securities, which are purchased with bonus (acquisition value exceeding the value of the securities of the deletion), in the period up to the date of deletion of the securities gradually reduced the bonus, amortizēj and amortised amount included in the income and expenditure account; 81.2. the value of the securities that are purchased at a discount (deletion of securities exceed the acquisition value), in the period up to the date of deletion of the securities gradually increases, the amount of the discount amortizēj, and this increase is included in the income and expenditure account. 82. the annex referred to in paragraph 81 of the securities purchased with premium or discount, bonus and discount displays the part that has not yet been depreciated by the end date for the report period. 83. Debt securities which are not held until the end of the repayment period, after the initial recognition of assets and liabilities in the balance sheet or in the report presented in accordance with the following conditions: 83.1. securities which are freely available in an active market in which securities are marketable, regularly reassessed at market price (selling price set for an active market) in the following order: 83.1.1. If market prices of the securities becomes less (greater) than the price whereby securities are reflected in the statement of assets and liabilities or the balance sheet, the carrying amount of the securities reduces (increases) according to their market price and decrease of securities (zoom) presented in the income and expenditure statement and profit and loss statement, 83.1.2. If the volume of investment in the form of securities exceeds the market usually sell such securities, the market takes forced the sale of the securities, the investor owns the securities of the issuer in the important part and its sale could adversely affect market as well as in other cases when the market price does not correspond to the price at which the Fund can sell these securities and investment value by applying the market price, is contrary to the precautionary principle, then apply the appropriate discount to the market price. The amount of the discount reflects all costs that may be incurred when you sell the investment in question. If the market price of a discount cannot be measured reliably, the revaluation of investment securities at a discounted market price that exceeds their acquisition cost or market price at which the last estimate, is not permitted; 51.7. securities that do not have a quoted market price, assessed according to the acquisition value reduced by accumulated impairment loss. 84. One type of securities purchase price is determined as the weighted average of the prices. 85. If there is objective evidence that the expiry of the time limit to the repayment of the contribution held debt securities carrying amount is greater than its estimated recoverable value, that determines the value of the investment losses, and it recognizes the income and expenditure account or profit and loss statement. An impairment loss is determined, if it is likely that the Fund would not be able to receive any amounts then due under the agreement. 86. If the subsequent periods referred to in paragraph 85 of the impairment related investment losses reduced and this reduction may objectively be associated with the incident that took place after the value of the loss, for example, the debtor's creditworthiness improves, the amount written off of the investment restores, adjusting the income and expenditure account. Restore the investment carrying amount may not exceed the amount which would have been the carrying amount of the investment, the absence of a recognised impairment at the date when the written down amount of investment returns. 87. the customer and accounts payable balances of assets and liabilities in the balance sheet or in the report presented to the appropriate source documents and records in the accounting records. Accounts receivable, the receipt of which is disputed, questionable amount in savings does not secure debts. The accounts receivable balances of assets and liabilities in the balance sheet or in the report presented to the net value, calculated from the gross book value of debt according to the accounting data to report unsafe debts generated accrual transactions. If the debt is considered hopeless, it scrapped from unsafe debts created stocks or include editions. 88. Assets that are not included in the valuation rule 81-87, at their initial recognition, are valued at acquisition value, which reduced by accumulated depreciation of these assets. 89. The valuation of assets and off-balance-sheet obligations if they are created in a special or general provisions for unsecured debts, financial statements presented, excluding the value of these stocks. 90. By way of derogation from those laid down in these provisions the valuation rules, financial instruments (including derivative financial instruments) and investment property may be evaluated at fair value in accordance with the annual accounts of the conditions laid down in the law on evaluation and disclosure of information. Content of the annex XV. 91. the following shall be inserted in the annex, as well as other points of these regulations on the content of the attachment specified quantitative and qualitative information. 92. Accounting policy provides clarification for an explanation of all the most important accounting policies used in the preparation of the financial statements, t.sk. about: 57.2. criteria and assumptions applied in the reporting of assets and liabilities or the recognition of a balance sheet item inventory in or exclusion from it; 92.2. statement of assets and liabilities or the BSI evaluation principles; 92.3. income and expense accruals and recognition policy; 92.4. methods and significant assumptions used in the fair value of financial instruments; 92.5. accrual of debts building unsafe and not recoverable debt write-off; 57.5. changes in accounting policies for recognition; 92.7. items expressed in foreign currency, the presentation of the Republic of Latvia for the conversion of the currency used in the course. 93. information on risk management for the description of the risks related to the investment portfolio, financial instruments and investment properties, and describes the risk management. Explain how their risk, which significant 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. 94. the allocation of assets and liabilities by currencies show a breakdown of assets and liabilities by currency (URt.sk. The monetary unit of the Republic of Latvia, us dollars 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. 95. Other assets and other liabilities other assets and presented to the global commitment. 96. 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 significance and nature of the operations of the Fund. In addition to the obvious assets and liabilities with a fixed maturity, the corresponding time interval criteria and assumptions used. 97. Losses on unsecured debt and off-balance-sheet liabilities show changes in special and general provisions uncertain debts and off-balance-sheet liabilities during the financial year, i.e. it balances at the beginning of the year, additional savings, savings created, t.sk. write-downs of debt cancellation, lost balance at the end of the year. Explains what types of assets or off-balance-sheet commitments, special and general provisions are created. 98. 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 sales growth of investment value (/reduction, established in previous reporting periods, the adjustment. 99. Unrealized investment value increase/(decrease) displays the unrealized appreciation of investments/reduction structure, t.sk. asset and liability items in the reference year was overrated and revaluation. 100. Other income and other expenses other income are presented and the rest of the structure of expenditure by type. 101. On the movement of investment accounting year shall provide the following information: 101.1. the book value at the beginning of the year; 101.2. increase, i.e., the acquisition of new assets in the year under review; 101.3. reduction, i.e. the assets during the reference year; 101.4. revaluation accounting year; 101.5. book value at the end of the year. 102. Pledged assets presented information about assets that are encumbered, and as a pledge or lien's terms and conditions. 103. information on the disposal of assets limits presented information about any significant limitations that affect the ability of the AIFM report 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 condition of the end date for the report period in URu.tml. 104. 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. 105. information on the management of the Fund presented information on AIFM officials are empowered to manage the Fund, the name, surname and position and with the Fund's management rights and obligations. The news also gives those AIFM officials review the year left the post. 106. information on fund management costs presented in the cost of the Fund's governance, structuring them in accordance with the Fund rules or instruments of incorporation. Officials of the AIFM and the remuneration granted to employees are presented according to the alternative investment fund managers and law article 56 the thirteenth and tenth subparagraph of article 57. 107. If, between the end of the year and the date on which the annual accounts have been approved, events that do not have any significant impact on the Fund's assets and liabilities in the financial year, but which are important to the users decision making, then the events found in the annex to the annual report and provides information about the nature of such events and the impact on the operations of the Fund. XVI. Consolidated annual report of the Fund which the AIFM 108. established as a company and in accordance with the consolidated annual report referred to in article 4 of the law conditions, preparation of consolidated financial statements is carried out, the application of the consolidated accounts referred to in the Act consolidation procedures. Consolidated financial statement layout of items meeting the requirements of this regulation which supplements as needed. 109. the aifm shall prepare consolidated financial statements, develop and approve the preparation of consolidated financial statements, as well as establishing internal control system that ensures the timely receipt of information fair for group companies. 110. In preparing the consolidated financial statements comply with the methods of consolidation used the principles of coherence, and use them consistently from year to year. Depart from this principle may only in exceptional cases. Any such cases, as well as the methods of Exchange consolidation effects on the consolidated financial statement items explains the consolidated annual accounts. Informative reference to European Union directives, the regulations include provisions deriving from Council of 8 December 1986 on the directive for banks and financial institutions the annual accounts and consolidated annual accounts, 86/635/EEC based on article 54 of the Treaty, paragraph 3 "g" and refers to the banks and other financial institutions the annual and consolidated accounts. Financial and capital market Commission President k. Zakuli States