FirstChoice Wholesale Investments part 2 - Colonial First State
FirstChoice Wholesale Investments part 2 - Colonial First State
FirstChoice Wholesale Investments part 2 - Colonial First State
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COLONIAL FIRST STATE - FIRSTCHOICE WHOLESALE INVESTMENT FUNDS<br />
Principles of Consolidation (continued)<br />
DIRECTORS' REPORT<br />
FOR THE REPORTING PERIOD ENDED 30 JUNE 2013<br />
Name of Parent<br />
Name of Subsidiaries<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Multi-Index Balanced Commonwealth Global Listed Infrastructure Fund 6<br />
<strong>Colonial</strong> <strong>First</strong> <strong>State</strong> <strong>Wholesale</strong> Cash<br />
<strong>Colonial</strong> <strong>First</strong> <strong>State</strong> <strong>Wholesale</strong> Mortgage Backed Securities Fund<br />
Principal Activities<br />
The principal activities of the Funds are to invest in accordance with the investment objectives and guidelines as set<br />
out in current Product Disclosure <strong>State</strong>ment and their Constitutions.<br />
Please refer to the current Product Disclosure <strong>State</strong>ment for more information.<br />
Rounding of amounts to the nearest thousand dollars<br />
The Funds are registered schemes of a kind referred to in Class Order 98/0100 (as amended) issued by the<br />
Australian Securities & <strong>Investments</strong> Commission (ASIC) relating to the "rounding off" of amounts in the Directors'<br />
Report and the Financial Report. Amounts in the Directors' Report and the Financial Report have been rounded to the<br />
nearest thousand dollars in accordance with the Class Order, unless otherwise indicated.<br />
Comparatives<br />
Comparative figures are, where appropriate, reclassified so as to be comparable with the figures and presentation in<br />
the current reporting period.<br />
Review of Operations<br />
The Funds provide investors access to a broad range of investments including money market securities, fixed interest<br />
securities, listed property securities, Australian listed equities, International equities and diversified investments.<br />
Income<br />
The results of the operations for the Funds for the current and previous reporting periods are tabled below:<br />
Name of Fund<br />
Operating profit/(loss) Attributable to unitholders<br />
Consolidated<br />
Parent<br />
Period Period Period Period<br />
ended ended ended ended<br />
30/06/2013 30/06/2012 30/06/2013 30/06/2012<br />
$'000 $'000 $'000 $'000<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Moderate 1,075,915 59,248 1,070,159 53,934<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Fixed Interest 275,872 619,678 245,419 537,871<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Property Securities 159,330 62,994 159,322 62,994<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Global Property Securities 114,887 44,305 114,887 44,305<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Global Infrastructure Securities 181,523 33,719 181,518 33,719<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Australian Share 1,022,721 (429,622) 999,059 (427,718)<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Lower Volatility Australian Share 82,609 (46,339) 82,609 (46,339)<br />
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