Trinidad and Tobago Unit Trust Corporation
Notes
to the Consolidated
Financial Statements
FOR THE YEAR ENDED
31 DECEMBER, 2012
Expressed in
Trinidad and Tobago dollars
A26
19) INVESTMENT INCOME –
INVESTMENT FUNDS
The Investment Income of the Funds reported in the Consolidated
Statement of Income excludes transfers from the Corporation.
During 2012 the Corporation transferred Income in the amount of
$178 million to the US$ Income Fund.
20) NET INVESTMENT INCOME –
GROUP CONTINUING OPERATIONS
Net Investment Income – Group Continuing Operations - includes
the contribution to revenue of Treasury operations and the
subsidiaries. It comprises the following:
2012
$’000
2011
$’000
Net Investment Income
Interest and Other Fee Income
63,142
21,697
Interest Expense and Other Charges
(31,843)
(1,626)
Total
31,299
20,071
21) REALIZED GAINS RE-CLASSIFIED
FROM EQUITY
Un-realised gains in the amount of $392 million were recognised in
Equity on the revaluation of available-for-sale bonds during 2012.
On receipt of principal payments and on disposals with respect to
the bonds, the relevant portion of the un-realised gains in Equity
was re-classified to the Consolidated Statement of Income. The
total un-realised gains re-classified from Equity to the Consolidated
Statement of Income was $155 million.
22) FOREIGN EXCHANGE GAINS/(LOSSES)
The exchange differences credited to the Consolidated Statement
of Income are included in Other Income as follows:
2012
$’000
2011
$’000
Foreign exchange gains –
continuing operations
1,618
1,823
Unit Trust Corporation
Annual Report 2012
