Investec Global Strategy Fund Ld
21 March 2002
Letter to Company Announcements Office - Dated 20th March 2002
We are pleased to advise that the Annual Report to 31st December 2001 of the
Investec Global Strategy Fund Limited was today approved by a Directors
sub-committee (as requested at a Board Meeting of the above-named company held
in Guernsey on Friday 8th March 2002).
Below is a copy of the Revenue Account which contains comparative figures for
the equivalent period in 2000.
Dividends payable by the Company are as per the schedule below, and approved by
the Board at the above meeting.
From: Mrs Kellie Blondel
Head of Secretarial Services.
Investec Asset Management Guernsey Limited
Revenue Account
for the year ended 31 December 2001
Year ended U.S. U.S.
31 December 2001 Dollar Sterling Euro Managed Dollar
2000 Total Money Money Money Currency Managed
US$000s
Notes US$000s US$000s £000s €000s US$000s US$000s
Revenue
11,505 Dividends receivable 1(f). 2(a) 7,464 - - - - -
33,757 Income from fixed interest securities 1(f). 2(b) 36,718 112 318 75 995 67
11,213 Interest receivable 1(f). 2(c) 10,099 3,915 1,302 1,023 931 163
56,475 Total revenue 54,281 4,027 1,620 1,098 1,926 230
Expenses
14,718 Management fee 13,853 469 155 129 297 32
1,647 Custodian fee 1,016 - - - 33 4
117 Directors' fee 120 8 3 2 3 -
90 Auditors' remuneration 53 3 1 1 1
1,918 Promotional contribution 1,907 - - - 58 6
473 Safe custody charges 293 4 1 1 4 -
769 Registration expenses 1,185 47 15 13 19 2
1,285 Administration, legal and other expenses 1,015 66 21 20 27 3
1 Guernsey exempt company fee 1 - - - - -
318 Interest payable 62 - - - - -
21,336 19,505 597 196 166 442 47
35,139 Net revenue/(deficit) before Equalisation 34,776 3,430 1,424 932 1,484 183
(2,034) Taxation (2,431) - - - - -
Net equalisation received/(paid) on
(881) applications and redemptions 710 605 372 63 (63) (28)
32,224 Net revenue for the financial year 33,055 4,035 1,796 995 1,421 155
311 Retained revenue brought forward 219 30 7 4 3 3
3,956 Transfer from/(to) capital reserves 9 2,581 - - - - -
36,491 Total distributable revenue 35,855 4,065 1,803 999 1,424 158
36,272 Dividends 18 35,532 4,055 1,732 994 1,412 158
$219 Retained revenue carried forward $323 $10 £71 €5 $12 $-
Global U.S. Dollar Sterling European Global
High U.S. High High High balance
Sterling Global Income Dollar Income Sterling Income European Income $000s
Managed Bond Bond Bond Bond Bond Bond Bond Bond
£000s US$000s US$000s US$000s US$000s £000s £000s €000s €000s
- - - - - - - 273
996 3,069 5,485 2,997 1,340 6,163 1,152 2,920 1,891 808
329 107 58 122 33 211 26 68 38 158
1,325 3,176 5,543 3,119 1,373 6,374 1,178 3,008 1,929 1,239
158 630 482 431 110 709 88 558 190 363
18 52 42 47 10 81 9 46 15 28
2 5 4 5 1 8 1 5 2 3
1 2 2 2 - 3 - 2 1 1
31 94 72 86 22 142 17 83 29 51
3 6 (5) 8 6 10 4 7 (6) 9
10 57 41 53 15 84 11 51 19 32
15 43 33 39 8 65 8 39 13 23
- - - - - - - - - -
- 1 20 1 - 1 - - 3 -
238 890 691 672 172 1,103 138 791 266 510
1,087 2,286 1,852 2,447 1,201 5,271 1,040 2,217 1,663 729
- (52) (93) - (1) - (10) (88) (40) (77)
(24) (87) (172) (119) 138 (157) 72 (18) 109 18
1,063 2,147 4,587 2,328 1,335 5,114 1,102 2,111 1,732 670
4 14 17 1 - 49 2 19 5 3
- - - - - - - - - -
1,067 2,161 4,604 2,329 1,335 5,163 1,104 2,130 1,737 673
1,057 2,160 4,584 2,318 1,333 5,109 1,103 2,125 1,732 666
£10 $1 $20 $11 $2 £54 £1 €5 €5 $7
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) 1,793 321 1,310 518 447
Income from fixed interest
securities 1(f), 2(b) - - - - -
Interest receivable 1(f), 2(c) 130 95 65 36 6
Total revenue 1,923 416 1,375 554 453
Expenses
Management fee 1,029 288 533 341 188
Custodian fee 80 23 43 27 15
Directors' fee 8 2 4 3 1
Auditors' remuneration 3 1 2 1 1
Promotional contribution 140 39 74 46 25
Sale custody charges 23 4 4 26 5
Registration expenses 83 23 44 27 14
Administration, legal and other expenses 64 18 34 21 12
Guernsey exempt company fee - - - - -
Interest payable - - 3 - -
1,430 398 741 492 261
Net revenue/(deficit) before Equalisation 493 18 634 62 192
Taxation (383) (97) (3) (68) (6)
Net equalisation received/(paid) on
applications and redemptions (1) (19) (4) 6
Net revenue for the financial year 109 (79) 612 (10) 192
Retained revenue brought forward - - 10 - -
Transfer from/(to) capital reserves 9 - 79 - 10 -
Total distributable revenue 109 622 - 192
Dividends 18 106 - 620 - 190
Retained revenue carried forward $3 $- £2 $- $2
European Global Wired (R)
Japan Continental Smaller Emerging Global Global Global Index
Equity European Companies Markets Energy Gold Privatisation Fund
US$000s US$000s US$000s US$000s US$000s US$000s US$000s US$000s
252 2,254 254 161 206 29 2,705 1,284
- - - - - -
9 375 16 17 13 15 48 17
261 2,629 270 178 219 44 2,753 1,301
391 1,789 147 84 127 25 1,479 1,997
31 134 14 7 8 2 97 89
3 13 1 1 1 - 9 17
1 6 1 - - - 4 8
53 239 22 11 17 4 166 272
7 59 6 11 2 1 46 37
31 145 12 7 12 3 96 152
25 112 10 5 7 2 76 146
- - - - - - - -
- 5 - 2 - 4 19
542 2,502 213 126 176 37 1,977 2,737
(281) 127 57 52 43 7 776 (1,436)
(50) (588) (55) (18) (48) (3) (480) (274)
- 10 (2) (1) 7 5 (94) -
(331) (451) 33 2 9 202 (1,710)
- - - - - - - -
331 451 - - - - - 1,710)
- - - 33 2 9 202 -
- - 31 2 9 185 -
$- $- $- $2 $- $- $17 $1