A-12
Trinidad and Tobago Unit Trust Corporation
Unit Trust Corporation
Annual Report 2012
31-Dec-12
31-Dec-11
$‘000
$ ‘000
OPERATING ACTIVITIES
Net Investment Income
61,181
87,326
Adjustments to reconcile Net Investment Income to Net Cash
Flow From Operating Activities:
Impairment
211,017
-
Allocation to Distribution
(11,332)
(20,665)
Allocation to Primary Reserves
(1,906)
(2,542)
Allocation to Secondary Reserves
(11,861)
(677)
247,099
63,442
Movements in Working Capital
(Increase)/Decrease in Receivables
(97,055)
22,631
(Decrease)/Increase in Payables
(15,468)
56,356
Net Cash Flow from Operating Activities
134,576
142,429
INVESTING ACTIVITIES
Purchase of Investment Securities
(2,987,663)
(1,816,805)
Disposal of Investment Securities
3,295,864
1,644,593
Net Cash From/(Used in) Investing Activities
308,201
(172,212)
FINANCING ACTIVITIES
Subscriptions
1,052,975
1,129,237
Redemptions
(886,193)
(1,111,548)
Distribution Payment
(29,921)
(56,896)
Payment to Reserves
(6,161)
(6,546)
Net Cash From/(Used in) Financing Activities
130,700
(45,753)
NET INCREASE/(DECREASE) IN CASH
AND CASH EQUIVALENTS
573,477
(75,536)
Cash and Cash Equivalents at beginning of year
461,180
524,633
Translation Adjustment
248
12,083
Cash and Cash Equivalents at end of year
1,034,905
461,180
US DOLLAR INCOME FUND
STATEMENT OF CASH FLOWS
For the year ended 31 December, 2012
Expressed in Trinidad and Tobago Dollars
