FirstChoice Wholesale Investments part 2 - Colonial First State

COLONIAL FIRST STATE - FIRSTCHOICE WHOLESALE INVESTMENT FUNDS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE REPORTING PERIOD ENDED 30 JUNE 2013
6. CHANGES IN NET ASSETS ATTRIBUTABLE TO UNITHOLDERS (continued)
(a)
Movements in Number of Units and Net Assets Attributable to Unitholders: (continued)
FirstChoice Wholesale Multi-Index Balanced
1/07/2012 - 30/06/2013 1/07/2011 - 30/06/2012
No.'000 $'000 No.'000 $'000
Opening balance 1,266,834 1,074,875 802,999 697,730
Applications 564,983 528,370 486,734 410,499
Redemptions (79,342) (73,784) (53,743) (44,841)
Units issued upon reinvestment of
distributions 71,983 67,391 30,844 25,626
Change in net assets attributable
to unitholders from operations 135,892 (14,140)
Closing Balance 1,824,458 1,732,744 1,266,834 1,074,875
Colonial First State Wholesale Cash
1/07/2012 - 30/06/2013 1/07/2011 - 30/06/2012
No.'000 $'000 No.'000 $'000
Opening balance 7,008,805 7,068,308 6,506,353 6,570,906
Applications 4,987,244 5,037,725 7,019,619 7,098,975
Redemptions (7,837,318) (7,914,402) (6,797,523) (6,874,874)
Units issued upon reinvestment of
distributions 129,438 130,532 280,356 282,944
Change in net assets attributable
to unitholders from operations 4,699 (9,644)
Closing Balance 4,288,169 4,326,862 7,008,805 7,068,308
(b)
Capital Risk Management
The Funds manage their net assets attributable to unitholders as capital, notwithstanding net assets attributable to
unitholders are classified as a liability. The amount of net assets attributable to unitholders can change significantly on a
daily basis as the Funds are subject to daily applications and redemptions at the discretion of unitholders.
The Funds monitor the level of daily applications and redemptions relative to the liquid assets in the Funds. Liquid assets
include cash and cash equivalents and financial assets classified as Level 1 in the "Fair Value Hierarchy of Financial Assets
and Liabilities" note to the financial statements.
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