Home / Financial Results / IGI Funds Limited’s financial results for the quarter ended September 30, 2011

IGI Funds Limited’s financial results for the quarter ended September 30, 2011

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.

 

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

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