Fund Fact Sheet
Financial Statement
Management Discussion and Analysis
Annual Report
Financial Calendar
icons ING Funds (Thailand) Co.,Ltd. Fund Management Company
Major Cineplex Group Public Company Limited Property Manager

Email This Print This  Financial Statement

(Unit : Baht)
Statement of Assets and Liabilities
As at 31 December 2009 and 2008		 Notes    
2009 2008
ASSETS
Investments at fair value
(at cost in 2009:Baht 2,252 million and 2008: Baht 2,322 million)		 5 2,610,997,165 2,687,127,920
Cash and cash equivalents 6, 11 118,275,960 35,116,787
Rental receivables 11 13,358,909 4,529,015
Other accounts receivable   25,536 6,067,241
Deferred expenses 7 9,215,254 28,326,435
Other assets 672,457 619,756
TOTAL ASSETS 2,752,545,281 2,761,787,154
 
Liabilities
Other accounts payable 11 5,101,448 5,429,402
Deposits received from customers 11 39,851,566 39,113,398
Accrued expenses 11 3,101,093 6,632,256
Other liabilities 2,571,200 2,530,146
Total liabilities 50,625,307 53,705,202
Net assets 2,701,919,974 2,708,081,952
 
Net assets represented by
Capital received from unitholders 8 2,300,000,000 2,300,000,000
Retained earnings 8 401,919,974 408,081,952
Net asset value (Baht 11.7474 per unit in 2009 and Baht 11.7742 per unit in 2008 based on 230,000,000 units outstanding at the end of the period) 2,701,919,974 2,708,081,952

(Unit : Baht)
Statements of Operations
For the year ended 31 December 2009 and 2008		 Notes 2009 2008
INVESTMENT INCOME  
Rental and service income 11 318,170,775 284,762,599
Interest income   1,581,980 4,046,807
Other income   3,080,072 10,606,156
Total income 322,832,827 299,415,562
Expenses      
Cost of rental and service   42,366,769 43,547,763
Management fee 10, 11 4,981,197 4,934,722
Trustee fee 10, 11 679,817 1,161,111
Registrar fee 10, 11 1,758,070 1,741,667
Property management fees 10, 11 26,748,728 27,307,741
Professional fee   949,205 896,670
Amortisation of deferred expenses 7 19,111,181 19,163,541
Operating expenses   5,198,373 6,912,277
Insurance expenses   923,412 2,211,030
Other expenses   670,598 921,816
TOTAL EXPENSES 103,387,350 108,798,338
NET INVESTMENT INCOME 219,445,477 190,617,224
Net loss from investment    
Net unrealised loss from investment valuation 5 (14,697,455) (477,719)
Total net loss from investment (14,697,455) (477,719)
Net increase in net assets from operations 204,748,022 190,139,505

ˆ Go to top

Disclaimers

  1. An investment in investment units shall not be deemed a deposit of money. There are risks involved in making investments. Investors may receive return which is greater or less in value than that of their initial investment funds. Furthermore, since the Fund’s major gain depends upon property rental, investors are advised to study the property’s information, performance of the property’s management, the nature and conditions of property rental business, as well as all risk factors mentioned in the prospectus.
  2. A fund is a juristic person separate from its management company.Therefore, ING Funds (Thailand) Co., Ltd. is not bound to compensate for a loss sustained by the fund. The performance of the fund does not depened on the financial position or the performance of ING Funds (Thailand) Co., Ltd.
  3. The Fund invests in a leasehold right. The value of a leasehold right may decrease in relation to the remaining lease term which shortens as time passes. Consequently, the value of investment units of the Fund may decrease proportionally and could reach zero value at the end of the term of the leasehold right invested in by the Fund. In addition, the Fund does not reserve capital for repayment of investment funds to unitholders upon the termination of the Fund. Nonetheless, unitholders shall receive return on their investment by means of the Management Company repaying part or all of the investment funds to unitholders in the forms of dividend payment or a decrease in the Fund’s registered capital prior to the termination of the Fund.
  4. Past performance of the fund does not insist future performance.
  5. Investment in funds is subject to investment risks. Any potential investors should diligently study and peruse all information contained in the prospectus prior to their purchase of investment units and should also keep such information as future reference. Should the potential investors require any additional information, they may request the prospectus from the Management Company.
  6. The Company reserves the right to amend, modify or change any information on this website without advance notice.