CARIBBEAN INVESTMENT FUND STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2016 The Caribbean Investment Fund is a equity mutual fund domiciled in Trinidad and Tobago. It manages an estimated $5.1 billion (TTD) in assets (as at 2016-12-31). (Expressed in Trinidad and Tobago Dollars) According to the fund's prospectus, its investment objective is "to hold the Initial Assets [40,072,299 Reputable Bank Limited ("RBL") Shares representing 25% of the issued share capital of RBL and the Trinidad and Tobago Government Securities with aggregate face value of aggregate face value of $702,866,700. TTD] and the Additional RBL Shares [additional RBL shares acquired in accordance with the fund's trust deed], for a period of ten (10) years. These assets will be in the form of Note 2016 2015 Investment income Dividend income Interest income 174,314,501 30,258,074 174,314,501 30,111,762 1. The RBL Shares 2. The Government Securities Total investment income 204,572,575 204,426,263 The Fund is not a performance driven fund hence this investment objective will not change. The Fund does not have the power to borrow cash or provide a security interest over any of the assets of the Fund. Еxpenses Fees and expenses 2,987,712 2,826,516 Total expenses 2,987,712 2,826,516 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2016 (Expressed in Trinidad and Tobago Dollars) Net income 201,584,863 201,599,747 Notes 2016 2015 Other comprehensive income Assets 124,299,968 4,920,079,312 16,640,499 5,242,021 Items that may be reclassified subsequently to profit or loss: Unrealised loss on revaluation 125,135,202 Cash and cash equivalents Available-for-sale financial assets 4 Held-to-maturity financial assets Interest receivable 5,087,501,844 16,106,063 5,317,946 6. (167,422,532) (389,230,769) 5,066,261,800 5,234,061,055 Total comprehensive income/(loss) 34,162,331 (187,631,022) Total assets Liabilities Accrued expenses 1,473,494 1,475,080 1,473,494 1,475,080 Equity Capital account Undistributed income 5,100,000,000 144,708,99s (179,920,689) 5,100,000,000 145,084,132 Investment revaluation reserve (12,498,157) 5,064,788,306 5,232,585,975 Total liabilities and equity 5,066,261,800 5,234,061,055 Number of units 204,000,000 204,000,000 Net assets value per unit $24.83 $25.66