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1. Fund Head office:
68c, Coker
Road
Ilupeju Lagos
P. O. Box 55765,
Lagos.
Tel: 234-01-4718169, 4718282, 7737430, 7737431
Fax: 234-01-2692835
Website: www.armdiscoveryfund.com
2. Nature of Fund:
Open-Ended
3. Date of First Allotment:
1995
4. Date Listed on The Exchange:
18th December, 2002
5. NSE Classification:
Memorandum Quotation
6. Fund Manager:
Asset & Resource Management Company Limited
7. Directors of The Fund Manager:
Mr. Felix Ohiwerei (Chairman)
Mr. Deji Alli (MD/CEO)
Ms Jumoke Ogundare
Mr. C. Okeke
8. Company Secretary:
Mrs Tayo Kola-Daisi
9. Auditors:
Horwath Dafinone
(Chartered Accountants)
CEDDI
Towers
16, Wharf
Road,
Apapa, Lagos.
Tel: 234-01-5451863-5
Fax: 234-01-5452384-5
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10.Fund Registrars:
First Registrars Nigeria Limited
Plot 2, Abebe
Village Road,
Iganmu, Lagos.
Tel: 234-01-5456142, 5851418
Fax: 234-01-5850552
11.Trustees To The Fund:
First Trustees Nigeria Limited
Leventis
Building
42/43 Marina, Lagos.
Tel: 234-01-2534780, 2634801
Fax: 234-01-2647438
12. End of Accounting Year
31st December
13.Unitholders’ Fund
(2004)
Issued capital: N3,019,493,824.00
No. of Issued Units: 16,902,826.32
14. Proposed Portfolio Structure
Equity Investments 62.5%
Money Market Investments 20%
Property 10%
Cash 7.5%
15. Actual Portfolio Structure (2007):
Equity Investments - 77.24%
Money Market Investments - 19.83%
Property - 2.93%
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FOUR-YEAR FINANCIAL SUMMARY
BALANCE
SHEET 2007 2006 2005 2004 2003
N“000 N“000 N“000 N“000 N“000
Members’ capital account 3,019,494 2,188,515 1,760,400 1,361,337 945,055
Capital appreciation reserve 1,518,272 435,959 68,563 114,868 139,111
Revenue reserves 663,255 472,710 300,196 313,967 168,952
Dividend reserves 144,024 105,485 86,235 81,895 47,848
------------- ---------- ------------- ---------- ----------
5,345,045 3,202,670 2,215,394 1,872,067 1,300,966
====== ====== ====== ====== ======
Tangible fixed assets - - - 20,496 4,571
Long term Property Investment 190,500 190,500 190,500 - -
Net current assets 5,154,545 3,012,170 2,024,894 1,851,571 1,296,395
------------- ---------- ------------- ---------- ----------
Net assets 5,345,045 3,202,670 2,215,394 1,872,067 1,300,966
====== ====== ====== ====== ======
PROFIT AND LOSS ACCOUNT:
Gross income 1,147,544 617,245 415,692 504,863 341,714
====== ====== ====== ====== ======
Profit for the year after
taxation 602,732 453,610 215,832 290,387 265,064
====== ====== ====== ====== ======
APPROPRIATIONS:
Transfer to Dividend reserve 144,024 105,485 86,235 81,895 47,848
Capital distribution
through Redemption 268,163 175,610 143,368 63,477 132,341
Transfer to Revenue Reserve 190,545 172,515 (13,771) 145,015 84,874
------------- ---------- ------------- ---------- ----------
602,732 453,610 215,832 290,387 265,064
====== ====== ====== ====== ======
PER UNIT DATA
Earnings 35.66 29.37 15.96 24.66 27.89
Net Assets 316.22 207.36 163.82 158.99 136.87
Dividend 8.5 6.80 6.00 5.85 5.00
The earnings and net assets
unit are based on the number of units in existence as at the balance sheet
date of the respective years, while dividend per unit is based on the
number of units in existence as at the date of the closure of the members
register.
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