A manager must in its financial statements to be lodged in terms of section 90(1) of the Act, reflect the following information:
| (a) |
The amount of the dividends and interest and any other income for distribution which accrued to the assets comprised in every portfolio, indicating the classes of income and the amount derived from each class, and how the income has been or is intended to be allocated. |
| (b) |
In respect of each portfolio, the amount of the proceeds of capital gains, rights and bonus issues and any other accruals and receipts of a capital nature which have been or are to be invested in the scheme for the benefit of investors indicating the classes thereof and the amount derived from each class. |
| (c) |
The total rand value and number of participatory interests in respect of each portfolio — |
| (i) |
at the beginning of the year; |
| (ii) |
sold during the year; |
| (iii) |
repurchased during the year; and |
| (iv) |
at the end of the year. |
| (d) |
The manager's income derived from all sources in the operation of the collective investment scheme, indicating the sources and the amount derived from each source, and the net profit or loss derived from such operation: Provided that a distinction must be made between the gross profit derived from an appreciation in value of participatory interests disposed of by the manager and the gross profit derived from the buying and selling of participatory interests for the manager's own account. |
| (e) |
In respect of securities that have been lent, a list thereof, the value thereof and the composition and nature of the collateral security held in respect of such loan. |
Housing Development Agency Act, 2008
