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Restatement Of Annual Financial Statements For The Prior Financial Year Under Satrix Collective Investment Scheme 2
SATRIX COLLECTIVE INVESTMENT SCHEME IN SECURITIES 2
Satrix Equity Momentum ETF Satrix Shariah Top 40 ETF
Short name: SATRIXEQM Short name: SATRIXSHA
JSE code: STXEQM JSE code: STXSHA
ISIN: ZAE000318911 ISIN: ZAE000318887
Satrix S&P GIVI South Africa Top 50 ETF Satrix ILBI ETF
Short name: SATRIXT50 Short name: SATRIXIFL
JSE code: STXT50 JSE code: STXIFL
ISIN: ZAE000318317 ISIN: ZAE000318291
Satrix Multi Asset Passive Portfolio Solutions Growth ETF Satrix Low Volatility ETF
Short name: SATRIXMAG Short name: SATRIXLVL
JSE code: STXMAG JSE code: STXLVL
ISIN: ZAE000318341 ISIN: ZAE000318333
Satrix Multi Asset Passive Portfolios Solutions Protect ETF Satrix Value Equity ETF
Short name: SATRIXMAP Short name: SATRIXVEQ
JSE code: STXMAP JSE code: STXVEQ
ISIN: ZAE000318358 ISIN: ZAE000318325
Satrix TRACI 3 Month ETF Satrix GOVI ETF
Short name: SATRIXTRA Short name: SATRIXGVI
JSE code: STXTRA JSE code: STXGVI
ISIN: ZAE000318903 ISIN: ZAE000318283
Satrix S&P Namibia Bond ETF
Short name: SATRIXNAM
JSE code: STXNAM
NSX code: SXNNAM
ISIN: ZAE000318275
Portfolios in the Satrix Collective Investment Scheme in securities 2, registered as such in terms of the
Collective Investment Schemes Control Act, 45 of 2002
RESTATEMENT OF ANNUAL FINANCIAL STATEMENTS FOR THE PRIOR FINANCIAL YEAR UNDER THE SATRIX
COLLECTIVE INVESTMENT SCHEME IN SECURITIES 2
Following the appointment of Satrix Managers (RF) Proprietary Limited as the manager of the Satrix
Collective Investment Scheme in securities 2 (previously known as NewFunds Collective Investment Scheme
in securities), the portfolios have adopted the accounting policies as applied by all schemes managed Satrix
Managers (RF) Proprietary Limited.
Unitholders are hereby advised that there was a restatement of the prior annual financial statements of the
Portfolios under the Satrix Collective Investment Scheme in Securities 2. The restatement had no impact on
the profit or loss, or net asset value attributable to investors.
1. Reclassification:
Investments held at fair value and interest receivable on investments:
Interest receivable on investment now forms part of the carrying amount of the Investments held at
fair value through profit or loss. The reclassification will enhance the IFRS 13 – Fair value
Measurement disclosures for financial instruments carried at fair value through profit or loss by
reflecting the total fair value calculated for these investments in one financial statement line item.
2. Change in accounting policies:
Distributions were previously recognised in the Statement of comprehensive income net of the
reinvestment of distributions amount. The recognition of distributions has changed to be recognised
in the Statement of comprehensive income as the full distribution amount declared. The
reinvestment of distribution is recognised in the Statement of changes in net assets attributable to
investors. The restatement will enhance the disclosure and recognition of the distributions by
reflecting the full distribution amount in the Statement of comprehensive income and reflecting the
reinvestment of the distributions as a capital transaction in the Statement of changes in net assets
attributable to investors.
3. Capital and Income attributable to investors:
The allocation between capital and income attributable to investors as at 1 January 2022 has been
restated to reflect the correct capital value representing the value of the investments held at fair
value through profit and loss as at 1 January 2022. The restatement will ensure that the capital
attributable to investors as per the Statement of changes in net assets attributable to investors,
accurately represents the value of the investments held at fair value through profit and loss.
4. Classification of cash flow items:
Distributions paid
Distributions paid has been reclassified from operating activities to financing activities in the
Statement of Cashflows. Distributions paid represent a cashflow activity which alters the net assets
attributable to investors of the portfolio.
Purchases and sales
Purchases and sales of investments have been reclassified from operating activities to investing
activities in the Statement of Cashflows. Purchases and Sales of investments represent a cashflow of
acquisition and disposal of long-term assets which is not held for dealing or trading purposes.
Creations and redemptions
Creations and redemptions (previously netted against purchases and sales in the statement of
cashflows) have been reclassified from operating activities to financing activities in the Statement of
Cashflows. Creations and redemptions represent a cashflow of activity which alters the net assets
attributable to investors of the portfolio.
Kindly refer to the restatement note in the individual sets of Annual Financial Statements for the year ending
31 December 2023, available on the Satrix website https://satrix.co.za/products
Sandton
27 March 2024
JSE SPONSOR
VUNANI SPONSOR
Date: 27-03-2024 04:40:00
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