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Tuesday, February 20th, 2018

KASB Funds Limited’s financial results for the year ended June 30, 2012 for KASB Cash Fund under the management

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Karachi, October 5, 2012 (PPI-OT): We have to inform you that the Board of Directors of KASB Funds Limited (KFL) (Management Company of KASB Cash Fund in its meeting held on Thursday, October 04, 2012 at 05:30 pm at 5th Floor, Trade Centre, I.I, Chundrigar Road, Karachi, approved the Annual Accounts of KASB Cash Fund for the year ended June 30, 2012.

The financial results of KASB Cash Fund for year ended June 30, 2012 are enclosed as Annexure-A to this letter.

Annexure-A

KASB Cash Fund Income Statement for the Year Ended June 30, 2012

2012 2011
(Rupees in ‘000)
Income
Income from government securities

59,382

56,091

Income from placements

7,330

3,790

Income from term deposit receipts

10,300

7,872

Profit on bank deposits

11,675

1,676

Capital gain on sale of investments

638

13

——–

——–

Total income

89,225

69,442

Expenses
Remuneration of KASB Funds Limited-Management Company

5,769

4,275

Sindh sales tax on management fee

923

Remuneration of MCB Financial Services Limited-Trustee

1,000

1,000

Annual fee-Securities and Exchange Commission of Pakistan

540

412

Transaction cost on securities

131

111

Bank charges

9

24

Professional charges

40

55

Fees and subscription

230

230

Auditors’ remuneration

441

442

Amortization of preliminary expenses and floatation costs

695

694

Provision for Workers’ Welfare Fund

402

Printing and other expenses

120

260

Not unrealized diminution in fair value of investments classified
As at fair value through profit or loss’

33

222

——–

——–

Total expenses

10,260

8,223

——–

——–

78,965

61,219

Net realised element of income / (loss) and capital Gains/ (losses)
included in prices of units less those in units redeemed

(478)

(2,186)

——–

——–

Net income for the year

78,487

59,033

——–

——–

As at June 30

2012

2011

(Rupees)

Net asset value per unit

104.4926

103.3587

Note:

1. Due to specific nature of open ended collective investment schemes in respect of daily issuance and redemption of units, determination of weighted average number of units for calculation of earnings per unit is not practical.

For more information, contact:
Syed Adnan Abdali
Company Secretary
KASB Funds Limited
5TH Floor, Trade Centre,
I. I. Chundrigar Road,
Karachi-74200, Pakistan
UAN: +92 21 111 535-535
Fax: +92 21 32624635
URL: www.kasbfunds.com

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