A-2
Trinidad and Tobago Unit Trust Corporation
Unit Trust Corporation
Annual Report 2012
31-Dec-12
31-Dec-11
$ '000
$ '000
INVESTMENT INCOME
Dividends
114,373
63,938
Interest
44,575
70,486
Realised Capital Gains
76,066
42,013
Total Investment Income
235,014
176,437
EXPENSES
Management Charge
(72,687)
(66,739)
Impairment
(21,811)
-
Other Expenses
(2,518)
(41)
Total Expenses
(97,016)
(66,780)
NET INVESTMENT INCOME
137,998
109,657
Withholding Taxes
(4,162)
(3,741)
UNDISTRIBUTED INCOME AT
BEGINNING OFYEAR
7,443
1,423
141,279
107,339
DISTRIBUTION :
Distribution Paid to Initial Contributors $0.30c per unit
(2011 - 0.37c per unit)
(286)
(353)
Distribution Paid to Unitholders $0.30c per unit
(2011 - 0.37c per unit)
(73,472 )
(88,543)
Total Distribution
(73,758)
(88,896)
UNDISTRIBUTED income BEFORE RESERVES
67,521
18,443
Allocation to Guarantee Reserve Fund
(1,000)
(11,000)
Allocation to Secondary Reserve Fund
(53,000)
-
UNDISTRIBUTED income AT END OFYEAR
13,521
7,443
GROWTH AND INCOME FUND
(FIRST UNIT SCHEME)
STATEMENT OF
COMPREHENSIVE INCOME
For the year ended 31 December, 2012
Expressed in Trinidad and Tobago Dollars
