FirstChoice Wholesale Investments - Colonial First State

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COLONIAL FIRST STATE - FIRSTCHOICE WHOLESALE INVESTMENT FUNDS8. RELATED PARTIES DISCLOSURESNOTES TO THE FINANCIAL STATEMENTSFOR THE PERIOD ENDED 30 JUNE 2011(a)Responsible EntityThe Responsible Entity of the Funds is Colonial First State Investments Limited. The ultimate holding company is theCommonwealth 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 PersonnelKey Management PersonnelThe Directors of Colonial First State Investments Limited are considered to be Key Management Personnel. TheDirectors of the Responsible Entity in office during the year and up to the date of the report are:Grahame Anthony PetersenLynette Elizabeth CobleyBrian Vincent BissakerMichael John Venter Appointed on 4 July 2011.Peter Robert WinneyBradley Brian MasseyGregg Johnston Resigned on 4 July 2011.(ii)Compensation of Key Management PersonnelNo 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 ResponsibleEntity. Directors are employed as executives of the Commonwealth Bank of Australia, and in that capacity, part oftheir 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.(c)Responsible Entity's Management FeesUnder the terms of the Constitutions, the Responsible Entity is entitled to receive monthly management fees whichare expressed as a percentage of the total assets of each Fund (i.e. excluding liabilities). Management fees are paiddirectly by the Funds. The table below shows the current fee rates charged.Where monies are invested into other funds managed by the Responsible Entity the management fees are calculated afterrebating fees charged in the underlying funds. As a consequence, the amounts shown in the Statements ofComprehensive Income reflect only the amount of fees charged directly to the respective Funds.The management fees rate charged for the period are as follows:2011 2010Management ManagementFeesFees% %FirstChoice Wholesale Defensive 0.85 0.85FirstChoice Wholesale Conservative 0.90 0.90FirstChoice Wholesale Balanced 0.98 0.98FirstChoice Wholesale Growth 1.00 1.00FirstChoice Wholesale High Growth 1.10 1.10FirstChoice Wholesale Geared Growth Plus 1.10 1.10Page 85
COLONIAL FIRST STATE - FIRSTCHOICE WHOLESALE INVESTMENT FUNDS8. RELATED PARTIES DISCLOSURES (continued)NOTES TO THE FINANCIAL STATEMENTSFOR THE PERIOD ENDED 30 JUNE 2011(c)Responsible Entity's Management Fees (continued)2011 2010Management ManagementFeesFees% %FirstChoice Wholesale Global Share - Hedged 1.20 1.20FirstChoice Wholesale Geared Boutique Australian Share 1.20 1.20FirstChoice Wholesale Multi-Index Conservative 0.60 0.60FirstChoice Wholesale Multi-Index Balanced 0.68 0.68Colonial First State Wholesale Balanced 0.85 0.85Perpetual Wholesale Diversified Growth 1.20 1.20Colonial First State Wholesale High Growth 1.15 1.15Perpetual Wholesale Split Growth 1.35 1.35Colonial First State Wholesale Index Australian Bond 0.40 0.40Colonial First State Wholesale Index Property Securities 0.40 0.40Colonial First State Wholesale Index Australian Share 0.40 0.40Realindex Wholesale Australian Share 0.65 0.65Colonial First State Wholesale Future Leaders 1.30 1.30Realindex Wholesale Australian Small Companies 0.85 0.85Colonial First State Wholesale Index Global Share 0.50 0.50Realindex Wholesale Global Share 0.76 0.76Realindex Wholesale Global Share Hedged 0.76 0.76Perpetual Wholesale Conservative Growth 1.15 1.15The actual management fee rate charged for global investing Funds are lower than those disclosed above. This is due tothese Funds being entitled to claim 100% of the Good and Services Tax ("GST") as compared to 75% for domesticinvesting Funds.The Responsible Entity's management fees charged/(refunded) for the period ended 30 June 2011 and 30 June 2010are as follows:01/07/2010 - 01/07/2009 -30/06/2011 30/06/2010$ $FirstChoice Wholesale Defensive 630,731 557,324FirstChoice Wholesale Conservative 3,848,420 3,783,956FirstChoice Wholesale Balanced 26,046 15,313FirstChoice Wholesale Growth (149,436) 46,058FirstChoice Wholesale High Growth (171,419) (140,252)FirstChoice Wholesale Geared Growth Plus 35,773 27,274FirstChoice Wholesale Global Share - Hedged 211,365 248,925FirstChoice Wholesale Geared Boutique Australian Share 214,147 200,747FirstChoice Wholesale Multi-Index Conservative 404,427 176,077FirstChoice Wholesale Multi-Index Balanced 1,100,117 425,987Colonial First State Wholesale Balanced 907,733 963,017Perpetual Wholesale Diversified Growth 552,743 577,227Colonial First State Wholesale High Growth (133,440) (133,577)Perpetual Wholesale Split Growth 18,319 21,454Colonial First State Wholesale Index Australian Bond 30,603 28,022Colonial First State Wholesale Index Property Securities (109) (122)Page 86
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Dear InvestorYour Annual Financial
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EnquiriesInvestor Services: 13 13 3
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FirstChoice Wholesale Investments - Colonial First State

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