EC Meeting May 2018

General Federation of Trade Unions Notes to the Accounts for the year ended 31 December 2017

9 Managed investments

Total £

Market value as at 1 January 2017 (excluding cash balance)

5,027,586 2,059,407 (1,576,181)

Book cost of acquisitions Proceeds of disposals

5,510,812

Realised gains on disposal of investments Unrealised decrease in market value

476,746 180,347

Market value as at 31 December 2017 (excluding cash balance)

6,167,905

Cash balance as at 1 January 2017

492,254

Book cost of acquisitions Proceeds of disposals

(2,059,407) 1,576,181

Dividend income on investments received

110,794 250,000 (51,915)

Disinvestment of funds Management fees paid Interest and charges paid Foreign exchange gains

(345)

-

Cash balance as at 31 December 2017

317,562

Managed investments as at 31 December 2016

5,519,841

Managed investments as at 31 December 2017

6,308,128

Analysis of investments at market value

2017

2016

£

£

Bonds

1,014,924

1,012,453

Property Equities

353,990

268,367

3,787,419

2,242,020

Cash deposits

293,789 858,006

492,253

Alternative assets

1,504,748

6,308,128

5,519,841

Analysis of book cost

£

Book cost as at 1 January 2016

4,698,794 2,059,407 (3,410,836)

Book cost of acquisitions Book cost of disposals

Book cost as at 31 December 2016

3,347,365

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