Source: https://www.global-regulation.com/translation/poland/2986124/the-ordinance-of-the-minister-of-finance-dated-december-24%252c-2007-on-the-special-accounting-rules-for-investment-funds.html
Timestamp: 2020-07-03 22:58:27
Document Index: 194324136

Matched Legal Cases: ['§ 1', '§ 2', '§ 3', '§ 4', '§ 5', '§ 7', '§ 8', '§ 9', '§ 12', '§ 13', '§ 27', '§ 14', '§ 15', '§ 16', '§ 17', '§ 18', '§ 19', '§ 20', '§ 21', '§ 22', '§ 25', '§ 26', '§ 24', '§ 25', '§ 26', '§ 27', '§ 28', '§ 29', '§ 30', '§ 32', 'art. 166', '§ 33', '§ 34', '§ 35', '§ 36', '§ 37', '§ 38', '§ 35', '§ 35', '§ 39', '§ 40', '§ 41', '§ 41', '§ 1']

Machine Translation of "The Ordinance Of The Minister Of Finance Dated December 24, 2007 On The Special Accounting Rules For Investment Funds" (Poland)
The Ordinance Of The Minister Of Finance Dated December 24, 2007 On The Special Accounting Rules For Investment Funds
Original Language Title: ROZPORZĄDZENIE MINISTRA FINANSÓW z dnia 24 grudnia 2007 r. w sprawie szczególnych zasad rachunkowości funduszy inwestycyjnych
On the basis of article. paragraph 81. 2 paragraph 1 of the Act of 29 September 1994 on accounting (Journal of laws of 2002 No. 76, item 694 with subsequent – 3)) are managed as follows: Chapter 1 General provisions § 1. [Scope] The regulation lays down specific rules for investment fund accounting, including: 1) the scope of information included in the financial statements, the financial statements of the investment fund connected with the specific of and in the reports of individual sub-funds;
2) draw up the financial statements, the financial statements of the investment fund of their organization and reports of individual sub-funds;
3) deadlines for drawing up and submission of the annual financial statements, annual financial statements and the combined annual reports of individual sub-funds;
4) bi-annual review of the financial statements and to draw up terms, linked bi-annual financial statements and half-yearly reports of individual sub-funds;
5) the approval of the annual financial statements the annual financial statements of the Fund of their organization connected and the annual reports of the individual sub-funds.
§ 2. Used in the regulation determining the means: 1) law-law of 27 May 2004 on investment funds (OJ No 146, item 1546, as amended. 4));
2) Accounting Act-the Act of 29 September 1994 on accounting;
3) Regulation of loans of securities-the Ordinance of the Minister of Finance of April 20, 2006 on the mode and conditions of borrowing brokerage financial instruments, with the participation of investment firms and trust banks (Journal of laws No. 67, item 513);
4) society-society for investment funds s.a., referred to in article 1. 2 section 3 of the Act;
5) the depositary-entity acting as the depositary function, as referred to in article 1. 71 of the Act;
6) Fund-Investment Fund referred to in article 2. 3 of the Act;
7) Fund participant-participant of the Fund referred to in article 2. 6 of the Act;
8) the statutes of the Fund – the Statute of the Fund referred to in article 2. 18 of the Act;
9) valuation day-day, specified in the statutes of the Fund, which shall be valued assets of the Fund shall be the value of the commitments of the Fund shall be the net asset value of the Fund and the net asset value per unit of participation or investment certificate and, in the case of: (a)) of funds of their organization – the day on which the assets are measured at each of the sub-funds, sets the value of the contribution of each of the sub-funds shall be the net asset value of each of the sub-funds and net asset value per unit of participation or investment certificate for each of the sub-funds, b) funds from the different categories of units, differing from each other related way of collecting fees from assets – the day on which the net asset value is determined for a given category of units and the net asset value per unit-a category, divided by the number of units in this category (c)) closed funds, issuing certificates of different privileges in accordance with article 4. paragraph 121. 4 Act-the day on which the net asset value is also determined on a series of investment certificates and the net asset value attributable to the series of investment certificates, divided by the number of the certificate;
10) paid-up capital-capital created from contributions made in the form of cash or securities, or shares in limited liability companies, in return for the disposed participants Fund, (a) in the case of separate fund – the participants of the Sub-fund is units of investment certificates issued or, in the case referred to in article 1. paragraph 86. 2 act as included paid-up capital shall be reduced by fees for disposal of units and, in the case referred to in article 2. paragraph 121. 4-about the fees associated with issuing of investment certificates;
11) paid capital-amounts paid in respect of the redemption of units or purchase investment certificates, which are equivalent to the product of the number of redeemed units or provision of investment certificates and the net asset value per unit of participation or investment certificate according to which participation unit redeemed or purchased the investment certificate, and amounts paid in respect of the payment of the revenue referred to in article 1. 198 paragraph 1. 1 of the law;
12) net asset value per unit of participation or investment certificate-net asset value divided by the number of units or investment certificate on the date of valuation, and, in the case of: (a)) of funds of their organization-the net asset value of each of the sub-funds, divided by the number of units or investment certificates of the Sub-Fund on the date of valuation, b) funds from the different categories of units, differing from each other related way of collecting fees from assets-the net asset value per unit-a category divided by the number of units in this category at the date of valuation, c) closed funds, issuing certificates of different privileges in accordance with article 4. paragraph 121. 4 of the Act – net asset value attributable to the series of investment certificates and the net asset value attributable to the series of investment certificates, divided by the number of the certificate on the date of valuation;
13) commitments proportionate commitments reflect fund of referred to in article 1. paragraph 161. 3 of the Act;
14) realized gain (loss) on disposal of investments – the difference between the net sales price and the purchase price of an investment;
15) unrealized gain (loss) on valuation of investments – the difference between the value of the investment at the date of valuation and purchase price;
16) paid to the revenue of the Fund is paid to participants of the Fund or sub-fund revenue referred to in article 1. 21 of the Act;
17) paid to the revenue of the Fund is paid to participants of the Fund proceeds from disposal of investments referred to in article 1. 198 paragraph 1. 1 of the law;
18) net premium is the premium for options issued, minus the costs directly related to the issuance of the option;
19) an active market is a market which meets all the following criteria: a) the instruments normally dealt in on the market are homogeneous, b) usually at any time there are interested buyers and sellers, c) prices are made available to the public;
20) the fair value is the value referred to in article 14(2). 28 paragraph 1. 6 of the accounting Act;
21) the effective interest rate is the interest rate, followed by discounting to present value associated with deposits or other obligations of the Fund of future cash flows that are expected in the period to maturity or due date, (a) in the case of components with variable interest rate-to the nearest term estimate of the market benchmark, which is the internal rate of return of an asset or liabilities in a given period;
22) the adjusted purchase price of assets and liabilities – the purchase price at which an asset or liability was first introduced to the accounts (the initial value), less repayment of nominal value, respectively, adjusted for the cumulative amount of the difference between the discounted value of the original component and its value at maturity or maturities, calculated using the effective interest method;
23) real estate-investments of the Fund, referred to in article 1. paragraph 147. 1 (1) (a). (a) and (b) and paragraph 2 and in article 12. paragraph 147. 2 of the Act;
24) interest income is interest calculated using the effective interest method or, in the case of debt securities valued at fair value is calculated in accordance with the rules laid down for these securities by the issuer, as well as copies of the discount;
25) interest expenses-depreciation the premium and costs in respect of loans and advances contracted by the Fund;
26) combined financial statements-combined financial statements of the investment fund of their organization;
27) reports separate sub-funds – separate financial statements referred to in article 1. 169 of the Act.
§ 3. The accounts of the Fund shall include, in particular: 1) components and activities referred to in article 1. 4. paragraphs 1 and 2. 3 of the accounting Act;
2) determination of the result of the operation;
3) calculation of the net asset value and net asset value per unit, for the category of units or on a series of investment certificates and the certificate of the investment;
4) the documentation referred to in article 14(2). 10 of the Act on accounting.
§ 4. The Fund shall communicate to the depositary referred to in article documentation. 10 of the accounting Act, within the time limits for the performance of the duties of the depositary referred to in article 1. 72 of the Act.
§ 5. The provisions of this regulation concerning the Fund shall apply mutatis mutandis to the Sub-fund unless the provisions of the regulation provides otherwise.
Chapter 2, section 6 of the bookkeeping. [Accounts of the Fund] 1. The accounts of the Fund shall be in the language of the Polish and the Polish currency, subject to the provisions of paragraph 2. 2.2. The accounts of the Fund referred to in article 2. 13 of the Act, shall be in the currency in which the assets of the Fund are valued and determined its liabilities. If the Fund makes changes of currency used for the valuation of assets and the fixing of obligations, such change shall enter into force at the beginning of the next financial year.
3. The accounts of the Fund shall include the elements referred to in article 9. 13. 1 of the accounting Act and: 1) a register of participants in the Fund, in the case of open investment funds and specialist investment funds open;
2) subrejestry participants sub-funds, asides within the register of participants in the Fund, in the case of open investment funds with specific investment funds and specialist of open of their organization;
3) record in the case of investment certificates of investment funds closed;
4) subrejestry investment certificates in the framework of the investment certificates registry set aside, in the case of investment funds sealed with of their organization.
4. in the case of a separate fund of the accounts is carried out separately for each sub-fund.
§ 7. A record of participants in an open investment fund and a specialized investment fund investment fund subrejestry open open with their organization of and specialised investment funds open with exclusive of contain detailed records of capital paid and paid, broken down by the various participants in the Fund, and in particular: 1) the identity of a participant in the Fund or sub-fund;
2) number of units, including broken down by categories of units belonging to the participant of the Fund;
3) the date of the conversion of units of a given category in the units of another category, the net asset value per unit of the participation of the acting, price number of units converted to another category and the number of units of a new category;
4) identification of each purchase and odkupień units;
5) the date of acquisition, the number and the cost of the units;
6) the date of redemption, the number and value of units redeemed and the amount paid to the participant of the Fund for the redeemed units;
7 the date and the amount of the Fund's income) paid to the participant;
8) information on authorisations granted or revoked by a participant of the Fund;
9) the lien information established units;
10) information on whether or not the registry refers to an individual retirement account.
§ 8. The closed-end investment fund investment certificates register includes detailed records of capital paid and paid, stating: 1) the date of each issue, the number of the offered certificates and emission values;
2) the number of certificates of each series;
3) certificate type is registered or bearer, indicating the restrictions on transferability;
4) in the case of registered certificates-certificate holders identification data and of the rights deriving from certificates referred to in article 1. 121 of the Act;
5) number of each certificate and a series of papers to the participants of the Fund, the price of the certificate and the total value of deposits for the certificates of the emissions in this series;
6) certificate number forgiven under the law as a result of their purchase by the Fund, indicating the series, issue, the date of the redemption, the redemption price of the certificate and the total value of payments for purchased certificates;
7) the number of certificates of unpaid in whole, referred to in article 1. paragraph 122. 3 of the Act.
§ 9. 1. the company acting as the authority shall keep the accounts of the Fund, in such a way as to determine the net asset value on each valuation day as well as at the balance sheet date.
2. The company may order, in whole or in part, to other entities, authorised on the basis of separate regulations, to perform the obligation referred to in paragraph 1. 1. section 10. 1. in justified cases, shall be permitted to replace the proof copy of the accounting of the accounting evidence drawn up on a form appropriate for your proof.
2. the replacement of a copy of the proof copy proof (photocopy or copy).
3. Copy or a copy should be stamped with the appropriate heading "Copy" or "copy" and authenticated by the inclusion of the clause "in conformity with the originals" and the signature of the person attesting conformity together with the date of their preparation.
Chapter 3 the recognition in the accounts of the Fund's operations section 11. [Recognition of the Fund's operations] On the operations of the Fund shall be entered in the accounts in the period to which they relate.
§ 12. 1. Acquired investment components shall be entered in the accounts at cost.
2. the components of the deposits acquired free of charge to have the purchase price equal to zero.
3. Components of the deposits acquired or disposed of by the Fund with the specific of to one of the sub-funds shall be entered in the accounts referred to in applying complex order or contract.
4. ingredients of investments acquired or disposed of by the Fund with the specific of to several sub-funds on the basis of a single contract or order shall be entered in the accounts of each of the sub-funds to which you have submitted the order or contract number indicated for the relevant sub-fund accordingly in the order or agreement.
5. The components of the Fund's investments received in return for the other components have assigned cost resulting from the acquisition price of these components of the deposits, in Exchange for which they were received, adjusted for any surcharges or received income in cash.
§ 13. 1. profit or loss on disposal of investments, subject to the provisions of paragraph 2. 4 shall be calculated by the method of "most expensive sells itself as the first" to assign the highest purchase price components sold an investment and, in the case of ingredients that are measured in the amount of the adjusted purchase price is estimated by applying the effective interest rate, the highest of the current book value.
2. in the event that obligations for options that have been issued, it is considered that the expiry of the order shall be subject to these obligations, in respect of which incur the lowest net premium received.
3. profit or loss from the sale of currencies shall be calculated in accordance with the method referred to in paragraph 1. 1.4. For the calculation of the profit or loss on disposal of investments methods referred to in paragraph 1. 1, shall not apply to components of the deposits which are the subject of a transaction, referred to in § 27 and 28.
5. in the case when one day make the disposal transaction and the acquisition of the investments in the first place is the acquisition of the asset.
§ 14. 1. The right of the right warrants listed on an active market are recognised in the accounts on the date on which the valuation for the purposes of the action data is used for the first time independently rate the value of the warrants.
2. Incomplete right warrants shall be deemed to be disposed of according to the value equal to zero, the following day after the date of expiry of this law.
3. dividend Payable with shares quoted in an active market are recognised in the accounts on the date on which the valuation for the purposes of the action data is used for the first time independently of market rate the value of this right to the dividend.
4. The right of the right warrants that are not listed on an active market and the right to receive dividends on the shares that are not listed on an active market are recognised in the accounts the following day after the date of the determination of these rights.
§ 15. Unrealized gain (loss) on valuation increases (decrease) the result of the operation.
§ 16. 1. The acquisition or disposal of components of the deposits by the Fund shall be entered in the accounts of the Fund or sub-fund at the date of conclusion of the contract.
2. the components of the deposits acquired or disposed of by the Fund on the date of valuation after the time referred to in section 24(3). 3, and ingredients, for which the indicated point is a lack of confirmation of a transaction shall be taken into account in the nearest valuation of assets of the Fund and determine its liabilities.
§ 17. 1. the operations of the Fund shall be entered in the currency in which they are expressed, and also in the Polish currency, converted at the average rate calculated for a given currency by the Polish National Bank on the day of recognition of these operations in the accounts of the Fund, subject to the provisions of paragraph 2. 3 and 4.
2. If the operations of the Fund are expressed in currencies for which the Polish National Bank does not calculate the course, their value should be specified in relation to the indicated by the Fund currency, for which the average rate is calculated by the Polish National Bank.
3. in the case of the Fund referred to in article 2. 13 of the Act, be converted, referred to in paragraph 1. 1, is made in the currency in which the assets are valued and the obligations of the Fund shall be determined by applying the appropriate rules referred to in paragraph 1. 1.4. In the case of the Fund referred to in article 2. 166 of the Act, the proportion accounted for the sub-funds, with the average rate calculated for a given currency by the Polish National Bank, of the conclusion of the agreement by the Fund, resulting in the emergence of commitment proportional.
§ 18. Investment income includes, in particular: 1) dividends and other shares in profit;
2) interest income;
3) revenues related to possession of the property;
4) positive balance of exchange differences arising out of the valuation of cash, receivables and liabilities in foreign currencies.
§ 19. The costs of the Fund shall include, in particular: 1) rate of interest costs;
2) costs related to the possession of the property;
3) negative exchange differences arising out of the valuation of cash, receivables and liabilities in foreign currencies.
§ 20. 1. in the case of the costs of the Fund formed a provision for anticipated expenses.
2. Payments from the Fund costs reduce the previously established reserve.
3. Cost Estimates should include items of a reasoned, determined on the basis of the periodic rates according to the frequency of the determination of net asset value in days.
§ 21. 1. Interest income from debt securities valued at fair value, calculated in accordance with the rules laid down for these securities by the issuer.
2. Interest income from bank deposits shall be calculated using the effective interest method.
3. the rate of interest costs in respect of loans and advances contracted by the Fund accounted for at the time of using the effective interest method.
§ 22. 1. The date of the entry into the accounts of changes in capital or capital paid is the day the disposal or redemption of units or issue or purchase investment certificates, using the net asset value per unit of participation or investment certificate, calculated in accordance with paragraph 1. 2.2. For the purposes of determination of the net asset value per unit of participation or investment certificate on a specific date of valuation does not reflect changes in the capital of wpłaconym and the capital paid, related to the contributions or payments, in accordance with paragraph ujmowanymi. 1. Chapter 4 of the valuation of assets and liabilities and the operation of section 23. [Valuation of assets] 1. the assets of the Fund shall be valued, and the obligations of the Fund shall be determined on the date of valuation and the date of the financial statements.
2. the assets of the Fund shall be valued, and the obligations of the Fund shall be determined according to reliably estimated fair value, subject to § 25 paragraph 1. 1 point 1 and § 26-28.
§ 24. 1. The fair value of the investment components listed on an active market is determined as follows: 1) where the valuation day is also the usual date of the transaction in an active market-according to the latest available at the time of the valuation of the fixed rate on the active market at the date of valuation, except that when the valuation of assets of the Fund shall be made after the valuation day closing rate or, in the absence of closing rate-other determined by the market value of which is equivalent, for the last available exchange rate the exchange rate or the value of the valuation;
2) valuation day is also a regular on the transactions in an active market, the volume of turnover on a given asset is significantly low or on a given asset not included any transaction-according to the latest available at the time of the valuation of the fixed rate on the active market, adjusted in such a way as to obtain reliably estimated fair value, in accordance with the principles set out in section 30, subject to that when the valuation of assets of the Fund shall be made after the valuation day closing rate, and in the absence of the closing rate is another, determined by the market value of which is equivalent, for the last available exchange rate the exchange rate or the value, taking into account major events having an impact on the exchange rate or the value;
3) valuation day is not an ordinary date of the transaction in an active market-according to the latest available at the time of the valuation of closing rate determined in an active market, or in the absence of the closing rate is another, determined by the market value of which is its equivalent, adjusted in such a way as to obtain reliably estimated fair value, in accordance with section 30.
2. in the case when the underlying investments is traded on more than one active market, fair value is the rate fixed on the main market. The basis for the selection of the main market are: 1) the volume of trading at the investment component or 2) number of concluded transactions in the investment component, or 3) the quantity of the marketed investment component on the market in question, or 4) the order of placing on the market, or 5) to make the Fund transactions on the market.
The selection of the main market square, reasonable investment policy of the Fund shall be made on the basis of the criteria referred to in points 1 to 5, as indicated in the statutes. This check shall be carried out at the end of each calendar month.
3. the Fund indicated in the statutes of the time will be referred to the most recent available courses referred to in paragraph 1. 1, on the day of valuation.
§ 25. 1. The value of the investment components that are not listed on an active market is determined, subject to sections 26 and 27, as follows: 1) debt securities – the adjusted purchase price, estimated by applying the effective interest rate, where the effect of the valuation of these investment components include interest revenue interest costs or respectively of the Fund;
2) components of the investment other than in point 1-fair value satisfying the conditions of assurance referred to in section 30.
2. in the case of revaluation of investment component not yet measured at its fair value, up to the amount of the adjusted purchase price is the fair value of accounts is, at the date of the revaluation, the newly established the adjusted purchase price.
§ 26. The property shall be valued on the basis of an estimate of the sampling frame, drawn up in accordance with the provisions of the real estate economy, whereby account should be taken of any relevant changes in the fair value of the property after completion of the estimate of sampling frame, during its duration.
§ 27. 1. loan receivable securities, within the meaning of regulation of loans of securities shall be valued in accordance with the principles adopted for those securities.
2. commitments in respect of loan received securities, within the meaning of regulation of loans of securities, shall be determined in accordance with the principles adopted for those securities.
§ 28. 1. the securities acquired by the other party undertaking to repurchase shall be valued as of the conclusion of the purchase contract, the adjusted purchase price, estimated by applying the effective interest rate.
2. commitments in respect of disposal of securities, with a commitment to repurchase Fund, valued at, starting from the date of conclusion of the contract of sale, the method of correction of the difference between the repurchase price and the selling price, using the effective interest method.
§ 29. 1. assets and liabilities denominated in foreign currencies are valued at or in the currency in which they are listed on an active market, and where they are not quoted in an active market-in the currency in which they are denominated.
2. The assets and liabilities referred to in paragraph 1. 1, shall be shown in the currency in which the assets are valued and determined the obligations of the Fund, calculated according to the last available average rate calculated for a given currency by the Polish National Bank.
3. The value of the assets traded or denominated in currencies for which the Polish National Bank does not, you must specify the exchange rate calculated in relation to a designated by the Fund currency, for which the National Polish Bank calculates the average rate.
§ 30. 1. For reliably estimated fair value, it is considered a value determined by: 1) an estimate of the value of the investments by a specialized independent unit providing this kind of service, in so far as it is possible for a fair estimate by the cash flow associated with the component;
2) the application of appropriate pricing model investment component, if introduced into this model the input comes from an active market;
3) an estimate of the value of the investments using generally recognized methods of estimation;
4) an estimate of the value of the investments for which there is no active market, on the basis of publicly announced on the active market prices nieróżniącego component considerably, in particular, of similar structure and purpose.
2. models and methods of valuation of the investment components of the Fund referred to in paragraph 1. 1, subject to agreement with the depositary.
Chapter 5 financial statements section 31. [The year the Fund] 1. the Financial Year of the Fund shall be the calendar year.
2. where the Fund will start operations during the financial year: 1) if commencement of the falls on the second quarter of the financial year – the Fund may make the connection of a half-yearly financial statements for this year with the annual financial statements for the year;
2) If starting a business is for the fourth quarter of the financial year – the Fund may merge its annual financial statements for this year with the annual financial statements for the following year, but this does not exclude the obligation to draw up half-yearly financial statements for the following year.
3. The provisions of paragraph 1. 2 shall not apply to the drawing up of the combined financial statements and the reports of individual sub-funds.
4. The provisions of paragraph 1. 1 and 2 shall not apply to investment funds created for a specified period, of less than 12 months.
§ 32. 1. the financial statements of the combined financial statements and reports of the individual sub-funds shall be drawn up in the language of the Polish and the Polish currency.
2. The information contained in the financial statements, the combined financial statements and the reports of individual sub-funds shall be shown in the thousands of dollars, with the exception of the net asset value of investment certificate and the net asset value per unit. If the nature and significance of the position requires a different accuracy, it should be noted this fact, respectively, in the explanatory notes or the notes.
3. The provisions of paragraph 1. 1 and 2, in referring to the Polish currency, shall not apply in the cases referred to in article 1. 13 and art. 166.
4. In the case referred to in article 1. 166 of the Act, for the purpose of drawing up combined financial statements, the individual positions of the individual reports of the sub-funds are converted into the currency in which the financial statement is drawn up, provided that the individual items: 1) the balance shall be converted into the currency in which the financial statement is drawn up, according to the average rate in force on the balance sheet date, calculated for a given currency by the Polish National Bank;
2) account of the operations shall be converted into the currency in which the financial statement is drawn up, according to the course which is the arithmetic mean of the average rates calculated by the Polish National Bank for the currency in which they were drawn up on financial information subject to the terms in force on the last day of each month of the financial year.
5. in the case referred to in paragraph 1. 4, in the reports of individual sub-funds reveals information about the course applied to the conversion of an individual for the purpose of drawing up combined financial statements.
§ 33. At the balance sheet date is determined by the result of the operations of the Fund, including: 1) net investment income-representing the difference between the revenue from the investment and the costs of the Fund;
2) realized gain (loss) on disposal of investments and unrealized gain (loss) from valuation.
§ 34. At the balance sheet date, the valuation method shall be applied on the date of valuation.
§ 35. 1. Financial statements, subject to the provisions of paragraph 2. 3, includes: 1) introduction to financial statements;
2) statement of investment;
3) a balance sheet;
4) account of the operations;
5) statement of changes in net assets;
7) notes;
2. the combined financial statements, subject to the provisions of paragraph 2. 4, includes: 1) introduction to combined financial statements;
3) connected to the balance sheet;
4) connected account of the operations;
6) connected to the cash flow statement.
3. the financial statements of the investment fund open does not include the component referred to in paragraph 1. 1 point 6.
4. the combined financial statements of the investment fund open with exclusive of does not include the component referred to in paragraph 1. 2 point 6.
5. for the combined financial statements shall be accompanied by the report of the unit, including the sub-funds respectively the components referred to in paragraph 1. 1 point 2-8.
6. The financial statements of the funds referred to in article 1. 170 of the Act, shall be published together.
7. The financial statements referred to in paragraph 1. 1, draw up the detail of not less than that specified in annex 1 to the regulation.
8. the combined financial statements referred to in paragraph 1. 2, shall be made with the detail of not less than that specified in annex 2 to this regulation.
9. reports shall be drawn up of sub-funds unit with detail not less than specified in annex 1 to the regulation, subject to the provisions of paragraph 2. 3 and 5.
§ 36. 1. the combined report shall be drawn up by aggregating the respective positions of the individual reports of the sub-funds.
2. for the combined financial statements be included in the reports of individual sub-funds that: 1) at the time of the preparation of combined financial statements can be found in the course of the liquidation;
2) were dismantled during the period for which shall be connected to the financial statements.
3. The exemptions referred to in paragraph 1. 2, shall not apply if it would prevent a fair and clear presentation of the combined financial statements.
4. In the case referred to in paragraph 1. 3, shall be shown the appropriate information in the introduction to a combined financial statement describing the reasons for the inclusion of individual sub-funds reports referred to in paragraph 1. 2 to a combined financial statements.
§ 37. 1. The financial statements shall be accompanied by: 1) lists companies which is the governing body of the Fund, addressed to the participants of the Fund, describing in a concise, at least the results of activities of the Fund during the reporting period;
2) Declaration by the depositary of the data relating to the States of the Fund's assets, including in particular the assets recorded in the accounts of cash and securities accounts and the proceeds from these assets presented in the financial statements with the facts.
2. for the combined financial statements shall be accompanied by the documents referred to in paragraph 1. 1, relating to each of the sub-funds separately covered by the combined financial statements.
3. The documents referred to in paragraph 1. 1, there shall be attached to the Unit reports to the sub-funds.
§ 38. 1. the accounts shall be drawn up twice a year, as: 1) the half-yearly financial report-covering data for the first half of the current financial year and comparable data, in particular with regard to: (a) the balance sheet) is for at least the previous fiscal year, b) account of operations and the cash flow statement, subject to § 35 paragraph 1. 3-for at least the previous year and the first half of the previous financial year, c) of the statement of investment income and the statement of changes in net assets-for at least the previous financial year, in respect of the compilation of comparable data deposits shall be made only for the position in the table, as specified in annex 1 to the regulation;
2) annual financial statements – including the data for the current financial year and comparable data for at least the previous year.
2. the combined report shall be drawn up, together with the reports of the individual sub-funds twice a year, as the half-yearly financial statements are connected: 1) and half-yearly reports-including the sub-funds unit for the first half of the current financial year and comparable data, in particular with regard to: (a) the balance sheet and the balance linked)-for at least the previous fiscal year, b) account of the operations, account of the operations , the cash flow statement and a combined cash flow statement, subject to § 35 paragraph 1. 3 and 4 – for at least the previous year and the first half of the previous financial year, c) of the statement of investments, combined statement of investment income, statement of changes in net assets and a combined statement of changes in net assets-for at least the previous financial year, in respect of the statement of investment income data comparable shall be drawn up exclusively for the aggregates in table, as specified in annex 1 to the regulation;
2) annual financial statements and the combined sub-funds unit annual report-covering data for the current financial year and comparable data for at least the previous year.
§ 39. 1. The annual accounts, the annual combined financial statements and the annual reports of the unit are sub-funds examination by the auditor.
2. The half-yearly financial report, the half-yearly combined financial statements and half-yearly reports separate sub-funds shall be reviewed by the auditor.
§ 40. 1. The notice referred to in article 2. 70 of the accounting Act, subject to the annual accounts and the annual financial statements connected with the annual reports of the sub-funds unit, together with the opinion of the Auditor on the financial statements during the investigation and a copy of the resolution on the approval of the annual report, undertaken by the approval authority.
2. Resolution on the approval of the annual accounts and the annual financial statements connected with the annual reports of individual sub-funds should be taken within four months of the end of the financial year.
3. The society has the obligation to submit the annual accounts and the annual financial statements connected with the annual reports of individual sub-funds as soon as they are approved by the approval authority, but not later than within four months after the end of the financial year.
4. The drafting and review of interim financial statements and interim financial statements connected with the półrocznymi Unit reports sub-funds should be made within two months from the end of the first half of the financial year.
5. The publication on websites, referred to in article 1. paragraph 219. 1 of the Act, a half-yearly financial statements and half-yearly financial reports linked from the półrocznymi Unit reports sub-funds together with a declaration to the depositary and the review report, prepared by the Auditor, should take place no later than within two months from the end of the first half of the financial year.
Chapter 6 final provision § 41. [Entry into force] This Regulation shall enter into force on the date of the notice, with effect from 20 September 2007 5) Chapter 6 final provision § 41.
Minister of Finance: from e. Suchocka-Roguska 1) Finance Minister heads the Government Department-public finances on the basis of § 1 paragraphs 1 and 2. 2 point 2 of the regulation, the President of the Council of Ministers of the Council of 16 November 2007 on the detailed scope of the Minister of Finance (OJ No 216, poz. 1592).
2) this regulation within its regulation is a transposition of Directive 85/611/EEC of 20 December 1985 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (OJ l. EC-L 375 of 31.12.1985; Oj. Polish EU Special Edition, chap. 6, vol. 1, p. 139-154, as amended. d.).
3) revision of the text of the single listed the Bill were announced in OJ 2003, no. 60, item. 535, No 124, item. 1152, no. 139, item. 1324 and no. 229, item. 2276, 2004, no. 96, item. 959, no. 145, item. 1535, no. 146, item. 1546 and no. 213, poz. 2155, 2005, no. 10, item. 66, no. 184, poz. 1539 and No 267, poz. 2252 and 2006 No 157, item. 1119 and No 208, POS. 1540.4) of the said law were published in OJ of 2005 No 83, poz. 719, no. 183, poz. 1537 and 1538 and no. 184, poz. 1539, 2006 No 157, item. 1119 and 2007 No. 112, item. 769.
5) this regulation was preceded by a regulation of the Minister of Finance dated 8 October 2004 on specific accounting rules for investment funds (OJ No 231, section 2318 and 2005 No. 245, poz. 2083), which has lost power as of 20 September 2007 on the basis of article. 80 of the Act of 21 July 2006 for the supervision of the financial market (OJ No 157, item 1119 and 2007 No. 42, item 272 and No 49, item 328).
Annex 1. [SCOPE OF INFORMATION INCLUDED IN THE FINANCIAL STATEMENTS]
The annexes to the regulation of the Minister of Finance dated December 24, 2007 (poz. 1859) please see Appendix 1 SCOPE of INFORMATION INCLUDED in the financial statements 1. Introduction to financial statement includes: 1) the name of the Fund, indicating the type and design of the Fund, the number in the register of funds, the date of the establishment of the Fund, and an indication of the period for which it was created;
2) with regard to the funds referred to in article 1. 170 of the Act, in the case of the financial statements of the Fund related to indicate the name of the primary Fund, and, in the case of the primary Fund's financial statements indicate the names of all related funds;
3) a concise description of the investment objective and investment restrictions of the Fund;
4) company, and address of the Association is the governing body of the Fund, indicating the proper registry;
5) the indication of the reference period and the balance sheet date;
6) an indication as to whether the financial statements were prepared assuming continuation of the activities of the Fund in the foreseeable future, and whether there are circumstances indicating the risk of continuing the activities of the Fund;
7) in the case of a report drawn up for the period during which there has been a combination of funds, an indication that it is the financial statements drawn up after the merger of the funds, and the names and numbers in the records of the funds that have been combined;
8) an indication of the person who carried out the study (review) of the financial statements;
9) an indication of the market on which the listed investment certificates;
10) indicate a series of investment certificates and features of them differing.
11) an indication of the investment certificates emission;
12) an indication of the category of units and characteristics of them differing.
2. Statement of investment income investment income Components shall be: (a) the values of the individual aggregates) positions of the main table (b)) in the analytical positions ingredient groups investments referred to in the supplementary tables and additional, each component of the investments listed in the tables should have its own individual, uniform for all financial statements issued by the Fund code. In particular, the code can be the name or given by the institutions of the third component code deposits.
If the specified field does not apply in respect of the investments, it takes the value of "not applicable".
1) table home 2)) 3) uzupełniające3 additional Tables Tables 3. The balance sheet drawn up on the day. .. in (indicate currency) and assets 1) cash equivalents 2) Charges 3) transactions, on the other hand undertaking to repurchase 4) components of the deposits listed on an active market, including: – debt securities 5) unlisted investment Components in an active market, including: – debt securities 6) real estate 7) other assets II. Commitment III. Net assets (I-II) IV. The capital of the Fund 1) paid-up capital 2) paid Capital (negative) v. Income stopped 1) accumulated undistributed investment income NET 2) rolled-up, nierozdysponowany realised gain (loss) on disposal of investments. Increase (decrease) the value of the investment in respect of the purchase price. The capital of the Fund and the accumulated result from operations (IV + V +/-VI) the number of units or registered investment certificates, the number of units of participation broken down by categories of units or investment certificate by certificate series the net asset value per unit of participation or investment certificate or individual categories of units or individual investment certificates series estimated number of investment certificates, Diluted net asset value of investment certificate 4. Account of the operations 9) and investment income 1. Dividends and other shares in profit 2. Interest income 3. Revenue related to the possession of property 4. Positive exchange differences balance 5. Other II. The costs of the Fund 1. Pay for 2. Salaries for operators to distribute 3. Depositary fees 4. Fees associated with the registry of the Fund's assets 5. The fees for registration and 6. Accounting Services 7. Services in the field of management of assets 8. Legal Services 9. Publishing services, including printing 10. Interest expenses 11. The costs associated with owning property 12. Negative balance of foreign exchange translation differences 13. Other III. The costs shall be borne by the society. NET fund expenses (II-III), (V). net investment income (I-IV). Realized and unrealized gain (loss) 1. Realized gain (loss) on disposal of investments, including: – losses 2. Increase (decrease) in unrealized profit (loss) from the valuation of investments, including:-losses. The result from operations (VąVI) result from operations per unit uczestnictwa10) or the result from operations per investment certificate Diluted result from operations per investment certificate 5. Statement of changes in net assets if the period for which they are presented the changes is not equal to 12 months, expressed as a percentage of change should be made on an annual basis.
And change the value of the net assets 1. Net asset value at the end of the preceding reporting period 2. The result of the operations for the reporting period (total), including: a) net investment income (b)) realized gain (loss) on disposal of investments (c)) increase (decrease) in unrealized profit (loss) from the valuation of investments 3. Change in net assets from operations of 4. Distribution of income (revenue) Fund (together): a) net investment revenue b) realized a profit from the sale of investments (c)) of the revenue from the sale of investments 5. Changes in equity during the reporting period (total), including: (a)) change in capital (capital enhancement for disposed units or investment certificates issued) b) paid capital change (reduction of capital in respect of the redeemed units or provision of investment certificates) 6. Total change in net assets during the reporting period (3-4ą5) 7. Net asset value at the end of the reporting period 8. The average value of the net assets in the reporting period II. Change the number of units or inwestycyjnych11 certificates) 1. Change the number of units or investment certificates during the reporting period: a) the number of units issued investment certificates or disposed of (b)) the number of redeemed units or provision of investment certificates c) balance changes 2. The number of units or investment certificate accrued from the beginning of the operations of the Fund: (a)) the number of units issued investment certificates or disposed of (b)) the number of redeemed units or provision of investment certificates c) balance changes 3. The anticipated number of units of the investment certificate, or (III). Change in net asset value per unit of participation or investment certificate 1. The net asset value per unit of participation or investment certificate at the end of the preceding reporting period 2. The net asset value per unit of participation or investment certificate at the end of the current reporting period 3. Percentage change in net asset value per unit of participation or investment certificate during the reporting period 4. The minimum net asset value per unit of participation or investment certificate during the reporting period (with an indication of the date of valuation) 5. The maximum value of the net asset value per unit of participation or investment certificate during the reporting period (with an indication of the date of valuation) 6. The net asset value per unit of participation or investment certificate according to the most recent valuation over the reporting period (with an indication of the date of valuation) 7. Diluted net asset value of investment Certificate IV. The percentage of the cost of the Fund's average net asset value, including the following: 1. The percentage of salary for 2. The percentage of salaries for operators to distribute 3. The percentage charge for the depositary, 4. The percentage of fees associated with the registry of the Fund's assets 5. The percentage of fees for services in the field of accounting for 6. The percentage of fees for services in the field of management of assets 6. Pieniężnych12 flow) a. cash flows from operating activities (l-ll) and receipts 1) possessed the investment of 2) in respect of the disposal of investment components 3) other II. Expenditure 1) held deposits 2) to acquire components of investment return 3) paid remuneration for 4) paid remuneration for operators distributing 5) in the form of fees for the depositary, 6) in the form of fees associated with the registry of the Fund's assets 7) license fees and registration fees 8) Accounting Services 9) in respect of services for the management of the assets of the Fund
10) legal services 11) to ownership of real estate 12) Other b. cash flows from financing activities (l-ll) and receipts 1) disposal units or the release investment certificate 2) contracted loans 3) borrowings 4) repayment loans 5) Interest 6) other II. Expenditure 1) redemption of units or purchase investment certificates 2) repayments contracted loans 3) borrowings repayments 4) issued bonds 5) in respect of the payment of revenue 6) loans granted 7) Interest 8) other (C). The effects of changes in exchange rates of cash and cash equivalents d. net cash change (A +/-B) e. cash and cash equivalents at the beginning of the reporting period f. cash and cash equivalents at the end of the reporting period (E +/-D) 7. Notes Note 1 Accounting Policy Note Fund-2 Nota Fund Receivables-3 Note the obligations of the Fund-4 cash and equivalents-Note 5 Note 6 Note derivatives-Risk-7 commitment transactions or to repurchase, on the other hand Note-8 loans and advances Note-9 currency and exchange differences Note-10 income and their distribution-11 Memo Memo Fund Costs-12 comparative information about units of participation Note-1 Fund Accounting Policy 1) description of the adopted accounting policies concerning in particular: (a) the disclosure and presentation of information) in the financial statements b) recognition in the accounts of the Fund's operations (c)) the valuation methods of assets, taking into account the methods of classification and valuation of investment components, as well as the commitments of the Fund, the net asset value and the result of operations 2) a description of the changes that the applicable rules rachunkowości13), including: (a) the recognition in the accounts of the operations) methods (b)) the valuation methods and the method of preparation of the financial statements, note-2 accounts receivable of the Fund 1) disposed of investments 2) derivatives 3) the title of the disposed units issued investment certificates or dividend) 4 5) 6 interest) in respect of the property, including rent 7) in respect of loans granted, broken down by entities lending 8) the other, provided that the components of the "Charges" not specified in points 1-6 with a value representing at least 5% of the sum of the "Charges" to be shown in a separate section of the Memo-Memo 2-3 for the obligations of the Fund 1) acquired the assets of 2) in respect of transactions with the Fund's commitment to repurchase 3) In respect of derivatives 4) deposits on the units or investment certificates 5) in respect of the redeemed units or provision of investment certificates of the Fund income drawdown) 6, 7) in respect of the payment of the revenue of the Fund 8) bond issued 9) in respect of short term loans and credits 10) long-term loans and credits 11) warranties or guarantees 12) reserves 13) Other , provided that the components of the "Commitments" in point 1-12 non-value representing at least 5% of the sum of the "Commitments" to be shown in a separate section Note 3 Note 4 cash and equivalents 1) the structure of cash in bank accounts at the balance sheet date in the currency section, divided into 2 banks) during the reporting period, the average level of cash held in order to meet current commitments of the Fund 3) cash equivalents, broken down by their types of Note-5 Risk 1) load level of assets and liabilities of the Fund interest rate risk, broken down by balance sheet categories, including: a) an indication of the risk assets fair value resulting from interest rate b) an indication of the risk assets cash flows resulting from interest rate 2) load level of assets and liabilities credit risk fund, broken down by balance sheet categories, including: a) the amount reflecting the maximum load of credit risk at the balance sheet date in the case of If the transaction does not meet its obligations, but the description does not reflect the fair values of additional security b) an indication of existing cases of a significant concentration of credit risk in each category of investments 3) load level of assets and liabilities of the Fund currency risks, indicating cases of significant risk concentration of the individual terms of the deposits Note-6 derivatives information for different types of derivatives, for at least : a type b capacity)) kind of derivative (c)) to open position d) values of the open position e) values and dates of future cash flows (f)) of the amount that forms the basis of future payments g) maturity or expiry of derivative h) deadline derivative Note-7 commitment transactions or other, to repurchase 1) transactions with a commitment to repurchase, on the other hand including: a) transactions, which result in the transfer of the equity fund and risks b) transactions as a result of which there is no transfer of ownership and risks Fund 2) undertaking to repurchase fund transactions, including: a) transactions, which result in the transfer to the other side of the property rights and risks b) transactions, which does not move to the other side of the property rights and risks 3) trade securities borrowed from the Fund in the provisions the regulation on securities loans 4) liability for securities borrowed by the Fund in the provisions of the regulation on securities loans Memo-8 loans and advances 1) information about the commitments entered into and used by the Fund for loans and advances cash in an amount which is, on the day their use more than 1% of the value of the Fund's assets, specifying: (a) the names and seats of the granting entity) of credit (loan) (b)) of the loan amount (loan) at the time of the contract and his (its) percentage in aktywach14) (c)) of the loan amount (loan) the rest to spłaty14) d) conditions of charge e) repayment f) established security 2) information about the given by the Fund loans in an amount which is, at the date of their grant of more than 1% of the value of the Fund's assets, specifying: (a)) the names and seats of the entity to which the loan was granted (b)) of the loan amount at the time of grant, of the percentage of the assets (c)) the conditions of interest, repayment d) established Notice security-9 currency and exchange-rate differences 1 Monetary balance sheet structure) , broken down by currencies and converted into the currency of Poland 2) exchange rate gains in the investment section of the Fund, as set out in the statement of investment income, broken down by realised and unrealised 3) losses in the investment section of the Fund, as set out in the statement of investment income, broken down by realised and unrealised 4) in the case of funds whose assets are valued, and obligations shall be set out in a foreign currency , you must disclose the average rate of the currency calculated by NBP, at the date of the financial statements, note-10 income and their distribution 1) Realized Gain (loss) on disposal of investments, disclosed separately for each of the categories of assets, according to the Division adopted in the balance sheet of the Fund 2) increase (decrease) in unrealized profit (loss) from the valuation of assets, disclosed separately for each of the categories of assets, according to the Division adopted in the balance sheet of the Fund 3) the list of paid receipts from disposal of investments of the Fund of private assets section, disposed of investments of the Fund, taking into account the participation in the assets and the net assets at the date of payment and the impact of the payment of revenue was the value of the assets and the net asset value of the Fund 4) paid to the revenue of the Fund, broken down by items of income from the investment and realised profit on disposal of investments of the Fund Expenses-11 Note 1) the costs shall be borne by the society, broken down by types of at least to the extent set out in item (II). account of the operations of the Fund of private assets) costs 2 linked directly from the zbytymi deposits, in cross section, at least in terms of investment disposed in item (II). account of the operations 3) for companies with a separate indication of a variable part, contingent upon the results of the Fund Note-12 comparative information about units uczestnictwa15) 1) net asset value at the end of the financial year for the last three financial years 2) net asset value per unit of participation or on individual categories of units at the end of the financial year for the last three financial years 8. Additional information includes, in particular: 1) information about significant events regarding previous years, included in the financial statements for the current reporting period;
2) information about significant events occurring after the balance sheet date and included in the financial statements;
3) Statement and explains the differences between the data disclosed in the financial statements and in comparable financial data and previously drawn up and published financial statements 4) Made adjustments to basic errors, their causes, and the impact of the financial effects of the induced titles on property and financial situation, liquidity and profit from the operation and profitability of the Fund, in the case where:
a) during the reporting period there were instances of informing the participants of the valuation adjustments net asset value per unit of participation or investment certificate is appended to a table that contains at least the date of the revised valuation, the date of the notice of the correction of valuation, the net asset value per unit of participation or investment certificate before the announced adjustment and correction, and an explanation of the reasons for the corrections b) during the reporting period there were cases of suspension of the sale or buy-back of units or suspension in the valuation of the net asset value per unit of participation or investment certificate is appended is a table containing at least the date of the announcement of the start of the suspension, the period in which the duration of suspension, as well as an explanation of the legal basis and the reasons for the suspension of c) during the reporting period there were cases where the debt is outstanding to the transactions of the Fund – an indication of such transactions and the reasons why they have not been cleared 5) in the case of uncertainty as to the possibility of continuing the activity-description of these uncertainties and indicating whether the financial report includes adjustments associated with it; the information should also include a description of the measures taken or planned by the activities aimed at the Elimination of uncertainty 6) information other than indicated in the financial statements, which could significantly affect the assessment of the financial situation, the result of the operation of the Fund and their changes 1) field in the table and in the supplementary tables is part of the value of the components of the deposits in the currency in which the financial report shall be drawn up.
2) this shows only the currency that the Fund's investments that are not deposits.
3) the value of the investment components listed in the supplementary tables must be in addition show aggregated positions indicated in the tables. In addition, the components of the deposits should be grouped according to the markets indicated in columns "kind", indicating the aggregate value of the components for each of the types of market.
4) field for each of the supplementary tables must be typed properly identify markets: "active regulated market" or "active market fixed." For the deposits, which are not the subject of quotations in an active market, in the part of the "non-active on the market."
5) this table shows only the currency that the Fund's investments, which are not subject to deposit.
6) in the case of the classification of the components of the deposits in this category, you need to present them in the Division into groups, demonstrating the aggregated values as in the table.
7) this Table only to be filled by the Fund, referred to in article 1. 178 of the Act.
8) table is given the information by specifying only the name of the groups referred to in article 1. 98 of the Act.
9) Components of income and expenses, non-account of the operations, the value of which is at least 5% of the total revenue, respectively, and shall be shown in the separate positions of the account of the operation.
10) where there are fund units broken down by categories, you must present the result from operations attributable to individual categories of units.
11) in the case where a fund there are units broken down by categories, you must submit the items (II) and (III) "statement of changes in net assets" in relation to certain categories of units.
12) Components of revenue and expenditure, not specified in the cash flow statement, the value of which is at least 5% of the total receipts respectively and expenditure shall be shown in the separate positions of the cash flow statement.
13) where changes have been made in the first half of the financial year, describe them in the six-monthly financial statements and the annual financial statements, while in cases where changes have been made in the second half of the financial year, describe them in the annual financial statements and half-yearly financial statements. Describe the changes with an explanation of the reasons for their introduction and the term of their effect on the assets, financial situation and profit from the operations of the Fund.
14) in a particular currency and converted to the currency in which the assets of the Fund are valued and determined its liabilities.
15) a note shall be shown solely for investment funds and specialist open investment funds open.
Annex 2. [SCOPE OF INFORMATION INCLUDED IN THE COMBINED FINANCIAL STATEMENTS]
Appendix 2 SCOPE of INFORMATION INCLUDED in the COMBINED FINANCIAL STATEMENTS 1. Introduction to a combined financial statement includes: 1) the name of the specific fund, with an indication of the number of the register of funds and time on which it was created, if it is limited;
2) an indication of the number and names of the sub-funds of the determination of the types and kinds of sub-funds, dates the creation of the individual sub-funds with the determination of the time for which they were created;
3) company, and address of the Association is the governing body of the Fund of their organization, with an indication of the appropriate register;
4) an indication of the reference period and the balance sheet date;
5) indication of whether the combined financial statements have been prepared assuming continuation of the activities of the Fund and sub-funds in the foreseeable future, and whether there are circumstances indicating the risk of continuing the activities of the Fund or of the sub-funds;
6) in the case of a report drawn up for the period during which there has been a change in the quantity of sub-funds – an indication of the scope of the changes compared to the previous amount of sub-funds together with the reasons for the changes (in particular the creation of new sub-funds, a combination of sub-funds, liquidation of sub-funds);
7) an indication of the person who carried out the study (review) combined financial statements;
8) an indication of the market on which the listed investment certificates are sub-funds;
9) an indication of the investment certificate series and features differing them;
10) an indication of the category of units in individual subfunduszach and characteristics of them differing.
2. the combined statement of lokat1) 3. Combined balance sheet drawn up on the day ... ... ... in the (indicate currency) and assets 1) cash equivalents 2) Charges 3) transactions, on the other hand undertaking to repurchase 4) components of the deposits listed on an active market, including: – debt securities 5) unlisted investment Components in an active market, including: – debt securities 6) real estate 7) other assets II. Commitment 1) Undertaking their own sub-funds 2) proportionate Obligations Fund III. Net assets (l-ll) IV. The capital of the Fund 1) paid-up capital 2) paid Capital (negative) v. Income stopped 1) accumulated undistributed investment income NET 2) rolled-up, nierozdysponowany realised gain (loss) on disposal of investments. Increase (decrease) the value of the investment in respect of the purchase price. The capital of the Fund and the accumulated result from operations (IV + V +/-) 4. Connected account of the operations and investment income 1. Dividends and other shares in profit 2. Interest income 3. Revenue related to the possession of property 4. Positive exchange differences balance 5. Other II. The costs of the Fund 1. Pay for 2. Salaries for operators to distribute 3. Depositary fees 4. Fees associated with the registry of the Fund's assets 5. The fees for registration and 6. Accounting fees 7. Fees for services in the management of assets 8. Fees for legal services 9. Fee for publishing services, including printing 10. Interest expenses 11. The costs associated with owning property 12. Negative balance of foreign exchange translation differences 13. Other III. The costs shall be borne by the society. NET fund expenses (II-III), (V). net investment income (I-IV). Realized and unrealized gain (loss) 1. Realized gain (loss) on disposal of investments, including: – losses 2. Increase (decrease) in unrealized profit (loss) from the valuation of investments, including:-losses. The result from operations (VąVI) 5. Combined statement of changes in net assets if the period for which they are presented the changes is not equal to 12 months, expressed as a percentage of change should be made on an annual basis.
1. The net asset value at the end of the preceding reporting period 2. The result of the operations for the reporting period (total), including: a) net investment income (b)) realized gain (loss) on disposal of investments (c)) increase (decrease) in unrealized profit (loss) from the valuation of investments 3. Change in net assets from operations of 4. Distribution of income (revenue) sub-funds (together): a) revenues from investments net b) with an return on disposal of investments (c)) with revenue from the sale of investments 5. Changes in equity during the reporting period (total), including: (a)) change capital sub-funds (magnification of capital in respect of the disposed units or investment certificates issued) (b)) change of capital paid sub-funds (reduction of capital in respect of the redeemed units or provision of investment certificates) 6. Total change in net assets during the reporting period (3-4ą5) 7. Net asset value at the end of the reporting period 8. The average value of the net assets in the reporting period 6. Connected flow pieniężnych4) a. cash flows from operating activities (l-ll) and receipts 1) possessed the investment of 2) in respect of the disposal of investment components 3) other II. Expenditure
1) in respect of investments 2) to acquire components of investment return 3) paid remuneration for 4) paid remuneration for operators distributing 5) in the form of fees for the depositary, 6) in the form of fees associated with the registry of the Fund's assets 7) license fees and registration fees 8) Accounting Services 9) legal services 10) publishing service 11) Other b. cash flows from financing activities (l-ll)
And receipts 1) disposal units or the release investment certificate 2) contracted loans 3) borrowings 4) repayment loans 5) Interest 6) other II. Expenditure 1) redemption of units or purchase investment certificates 2) repayments contracted loans 3) borrowings repayments 4) issued bonds 5) in respect of the payment of revenue 6) loans granted 7) Interest 8) other (C). The effects of changes in exchange rates of cash and cash equivalents d. net cash change (A +/-B) e. cash and cash equivalents at the beginning of the reporting period f. cash and cash equivalents at the end of the reporting period (E +/– (D)) 1) in the combined statement of deposits shows only the aggregated amount of the aggregate for the selected category of investment sub-funds.
2) in this field, enter the value of the components of the deposits in the currency in which the financial statement is drawn up.
3) this shows only the currency, the sub-funds investments that are not deposits.
4) Components of revenue and expenditure, not specified in the cash flow statement, the value of which is at least 5% of the total receipts respectively and expenditure shall be shown in the separate positions of the cash flow statement.
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