Investec Global Strategy Fund Ld
19 September 2002
The Interim Report to 30 June 2002 of Investec Global Strategy Fund Limited
has been approved at a Directors Board Meeting.
Statement of Total Return
for the period ended 30 June 2002
Asia Hong
Global American U.K. New Kong
Equity Equity Equity Economy Equity
Notes US$000s US$000s £000s US$000s US$000s
Revenue
Dividends receivable 1(f),2(a) 865 217 860 253 250
Income from fixed interest
securities 1(f),2(b) - - - - -
Interest receivable 1(f),2(c) 45 13 21 7 2
Total revenue 910 230 881 260 252
Expenses
Management fee 534 162 294 191 92
Custodian fee 11 4 6 4 2
Directors' fee 4 1 2 1 1
Auditors' remuneration 1 - 1 - -
Promotional contribution 63 21 37 23 11
Safe custody charges 9 2 3 14 4
Registration expenses 63 21 37 23 11
Administration, legal
and other expenses 23 8 14 8 4
Guernsey exempt company fee - - - - -
Interest payable 8 3 8 20 3
716 222 402 284 128
Net revenue/(deficit)
before equalisation 194 8 480 (26) 124
Taxation (189) (66) (23) (50) (2)
Net equalisation received/
(paid) on applications
and redemptions - - (9) - (1)
Net income for the
financial period 5 (58) 448 (76) 121
Net gains/(losses) on investments
realised (4,311) (660) (1,364) (3,403) (1,043)
Net gains/(losses) on
investments unrealised 1,020 (1,691) (1,950) 4,312 885
Net gains/(losses) on foreign
exchange realised (1,259) - - (22) -
Net gains/(losses) on foreign
exchange unrealised 1,305 1 1 32 1
Transfer from/(to) share
premium/capital reserves - - - - -
Currency adjustment (1e) - - - - -
Total return for the period (3,240) (2,408) (2,865) 843 (36)
Dividends 17 - - 442 - 122
Net increase/(decrease)
in shareholders'
funds from investment
activities $(3,240) $(2,408) £(3,307) $843 $(158)
Statement of Total Return
for the period ended 30 June 2002
European Global Wired
Japan Continental Smaller Emerging Global Global Global Index
Equity European Companies Markets Energy Gold Privatisation Fund
Notes US$000s US$000s US$000s US$000s US$000s US$000s US$000s US$000s
Revenue
Dividends receivable 1(f),2(a) 72 2,263 186 90 161 24 1,631 571
Income from fixed interest
securities 1(f),2(b) - - - - - - - -
Interest receivable 2 56 6 2 1 7 8 6
Total revenue 74 2,319 192 92 162 31 1,639 577
Expenses
Management fee 109 1,143 54 39 86 26 674 716
Custodian fee 2 22 1 1 2 1 12 19
Directors' fee 1 8 - - 1 - 4 6
Auditors' remuneration - 3 - - - - 1 2
Promotional contribution 13 135 8 5 11 3 70 98
Safe custody charges 4 29 2 6 2 1 23 14
Registration expenses 13 135 8 5 11 3 70 98
Administration, legal
and other expenses 4 49 3 2 4 1 26 39
Guernsey exempt company fee - - - - - - - -
Interest payable 5 17 1 3 5 4 14 (7)
151 1,541 77 61 122 39 894 985
Net revenue/(deficit)
before equalisation (77) 778 113 31 41 (8) 747 (408)
Taxation (14) (566) (44) (11) (38) (3) (345) (90)
Net equalisation received/
(paid) on applications
and redemptions - - (2) (2) - - (1) -
Net income for the
financial period (91) 212 67 18 3 (11) 401 (498)
Net gains/(losses) on
investments realised (7,650) (5,778) (48) (396) 629 60 (1,486) (20,746)
Net gains/(losses) on
investments unrealised 8,076 4,791 909 576 1,239 1,533 10,569 (20,060)
Net gains/(losses) on
foreign exchange realised (1,382) 1,142 (130) (13) (103) 31 58 -
Net gains/(losses( on
foreign exchange unrealised 1,408 (901) 137 19 111 (29) (552) 6
Transfer from/(to) share
premium/capital reserves - - - - - - - -
Currency adjustment (1e) - - - - - - - -
Total return for the period 361 (534) 935 204 1,879 1,584 8,990 (41,298)
Dividends 17 - - - - - - - -
Net increase/(decrease) in
shareholders' funds from
investment activities $361 $(534) $935 $204 $1,879 $1,584 $8,990 $(41,298)
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