EC Meeting Papers July 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 2,086,041 (1,576,376)

Book cost of acquisitions Proceeds of disposals

5,537,251

Realised gains on disposal of investments Unrealised increase in market value

423,829 53,258

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

6,014,338

Cash balance as at 1 January 2017

492,255

Book cost of acquisitions Proceeds of disposals

(2,086,041) 1,576,376

Dividend income on investments received

113,333 250,000 (51,587)

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

(546)

-

Cash balance as at 31 December 2017

293,790

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 2017

4,215,940 2,086,041 (1,152,547)

Book cost of acquisitions Book cost of disposals

Book cost as at 31 December 2017

5,149,434

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