FirstChoice Wholesale Investments part 2 - Colonial First State

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COLONIAL FIRST STATE - FIRSTCHOICE WHOLESALE INVESTMENT FUNDS 7. CASH AND CASH EQUIVALENTS (continued) NOTES TO THE FINANCIAL STATEMENTS FOR THE REPORTING PERIOD ENDED 30 JUNE 2013 (a) Reconciliation of Net Profit/(Loss) Attributable to Unitholders to Net Cash from Operating Activities: (continued) Colonial First State Wholesale Cash * Consolidated Parent 1/07/2012 - 1/07/2012 - 1/07/2011 - 30/06/2013 30/06/2013 30/06/2012 $'000 - - Net (loss)/profit attributable to unitholders and minority interest 160,487 160,105 304,623 Distributions to unitholders - - - Proceeds from sale of financial instruments held for trading 25,752,847 25,739,188 32,992,225 Payments for purchase of financial instruments held for trading (22,992,133) (23,017,742) (33,519,381) Changes in fair value of financial instruments held for trading (9,286) (9,069) 8,932 Dividend/Distribution income reinvested - (2,669) (1,983) Net foreign exchange gain/(loss) - - - Changes in assets and liabilities: Receivables and other assets 16,793 16,707 1,963 Payables and other liabilities (986) (986) 171 Net Cash From/(Used In) Operating Activities 2,927,722 2,885,534 (213,450) * There is no consolidated comparatives as the Fund was not required to be consolidated in the comparative period. (b) Non-cash Financing Activities Carried Out During the Reporting Periods on Normal Commercial Terms and Conditions include: - Reinvestment of unitholders distributions as disclosed under "Units issued upon reinvestment of distibutions" in part (a) of the "Changes in Net Asset Attributable to Unitholders" note to the financial statements. - Participation in dividend reinvestment plans as disclosed under "Distribution or Dividend Income Reinvested" in part (a) of the "Cash and Cash Equivalents" note to the financial statements. (c) Terms and Conditions on Cash Cash at bank and in hand, cash held in collateral and deposits at call with a futures clearing house, earn interest at floating rate as determined by the financial institutions. Page 173
COLONIAL FIRST STATE - FIRSTCHOICE WHOLESALE INVESTMENT FUNDS 8. RELATED PARTIES DISCLOSURES NOTES TO THE FINANCIAL STATEMENTS FOR THE REPORTING PERIOD ENDED 30 JUNE 2013 (a) Responsible Entity The Responsible Entity of the Funds is Colonial First State Investments Limited. The ultimate holding company is the Commonwealth Bank of Australia ("the Bank"). The Responsible Entity is incorporated and domiciled in Australia and has its registered office at Ground Floor Tower 1, 201 Sussex Street, Sydney, New South Wales, 2000. (b) (i) Details of Key Management Personnel Key Management Personnel The Directors of Colonial First State Investments Limited are considered to be Key Management Personnel. The Directors of the Responsible Entity in office during the period and up to the date of the report are: Name of Director Date of Appointment or Resignation Annabel Spring Appointed on 14 October 2011. Linda Elkins Appointed on 1 January 2013. Michael John Venter Appointed on 4 July 2011. Anne Ward Appointed on 1 January 2013. Penelope James Appointed on 1 January 2013. Peter Hodgett Appointed on 1 January 2013. Peter Taylor * Appointed on 7 November 2011. Peter Robert Winney Resigned on 1 January 2013. Bradley Brian Massey Resigned on 1 January 2013. Lynette Cobley Resigned on 1 January 2013. * Alternate director to Annabel Spring. (ii) Compensation of Key Management Personnel No amounts are paid by the Funds directly to the Directors of the Responsible Entity of the Funds. The Directors of the Responsible Entity receive compensation in their capacity as Directors of the Responsible Entity. Directors are employed as executives of the Commonwealth Bank of Australia, and in that capacity, part of their role is to act as a Director of the Responsible Entity. Consequently, no compensation as defined in AASB 124: Related Parties is paid by the Funds to the Directors as Key Management Personnel. Page 174
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FirstChoice Wholesale Investments part 2 - Colonial First State

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