Mise en page 1 - UniCredit Bank Slovakia as

Statement of Operations and Changes in Net Assets
for the year ended 31 December 2012 (continued)
Income
Dividends, net
Interest on securities
Interest on bank accounts
Interest on swaps
Income from securities lending
Other income
Total Income
Pioneer Funds -
Obbligazionario Euro
12/2014 con cedola
(Euro Bond 12/2014
distributing)
EUR
-
2,805,079
202
162,458
9,545
134,576
3,111,860
Pioneer Funds -
U.S. Credit
Recovery 2014
EUR
-
6,627,222
25
-
-
474,570
7,101,817
Pioneer Funds -
High Yield & Emerging
Markets Bond
Opportunities 2015
EUR
-
19,991,426
23,381
2,028,432
-
778,027
22,821,266
Expenses
Management fees
Distribution fees
Depositary & administration fees
Taxe d’abonnement
Professional fees
Printing & publishing fees
Performance fees
Interest on swaps
Other charges
Total Expenses
Net Operational Income/(Loss)
(354,118)
-
(90,321)
(31,005)
(1,846)
(2,585)
(204,695)
(18,417)
(23,532)
(726,519)
2,385,341
(1,160,435)
(13,192)
(233,390)
(61,642)
(4,570)
(5,162)
(121,733)
-
(48,347)
(1,648,471)
5,453,346
(3,011,562)
-
(476,927)
(139,275)
(12,488)
(9,318)
(926,772)
-
(110,494)
(4,686,836)
18,134,430
Statement of Changes In Net Assets
Net asset value at the beginning of the year
Net Operational Income/(Loss)
76,163,980
2,385,341
154,772,593
5,453,346
283,817,231
18,134,430
Net realised gain/(loss) on sales of securities
Net realised gain/(loss) on foreign exchange
Net realised gain/(loss) on forward foreign exchange contracts
Net realised gain/(loss) on financial futures contracts
Net realised gain/(loss) on options
Net realised gain/(loss) on Contracts For Differences
Net realised gain/(loss) on swaps
Net Realised Gain/(Loss)
(644,033)
-
-
-
-
-
8,699
(635,334)
8,043,531
71,051
177,650
-
-
-
-
8,292,232
(372,030)
1,269,884
(3,841,678)
-
-
-
-
(2,943,824)
Net change in unrealised gain/(loss) on securities
Net change in unrealised gain/(loss) on forward foreign exchange contracts
Net change in unrealised gain/(loss) on financial futures contracts
Net change in unrealised gain/(loss) on options
Net change in unrealised gain/(loss) on Contracts For Differences
Net change in unrealised gain/(loss) on swaps
Net Change in Unrealised Gain/(Loss) for the Year
Net Increase/(Decrease) in Net Assets as a Result of Operations
3,354,824
-
-
-
-
203,165
3,557,989
5,307,996
(8,978,834)
472,420
-
-
-
-
(8,506,414)
5,239,164
13,238,865
5,203,206
-
-
-
4,340,560
22,782,631
37,973,237
Net subscriptions/(redemptions)
Dividend declared
Net Asset Value at Year End
(26,915,115)
(1,698,181)
52,858,680
(47,456,961)
(4,638,419)
107,916,377
(48,310,765)
(10,579,575)
262,900,128
The accompanying notes form an integral part of these financial statements.
Pioneer Funds - Annual Report 47