Page 111 - Annual Report 2010

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Financial Statements

„„ Portugal Venture Capital initiative (PVCi), a Fund-of-Funds focused on private equity and venture capital funds in Portugal. The investor base comprises main financial institutions in Portugal.

„„ LfA-EIF Facility, signed in 2009 is a joint EIF and Lfa Förderbank Bayern venture providing investments to support technology-oriented early and expansion stage companies in Bavaria, Germany.

„„ UK Future Technologies Fund (UK FTF), signed in 2010, is a Fund-of-Funds investing in venture capital

funds in technology companies with high growth potential. EIF was confirmed as manager for two separate funds of funds together making up the UK Innovation Investment Fund (UKIIF).

The table below shows the Trust accounts held by the EIF on behalf of third parties, which includes cash at bank, money market balances as well as the relevant accruals:

EUR 31.12.2010 31.12.2009

SMEG 1998 59 550 370 61 991 728 ESU 1998 9 896 169 6 572 619 SMEG 2001 44 748 228 72 590 532 ESU 2001 46 348 734 65 794 671 CIP/ SMEG 2007 80 966 776 93 703 050 CIP/ GIF 73 576 917 99 998 716 TTP 1 809 155 2 010 227 Progress FMA 6 004 173 0 EPPA 1 003 001 0 GEEREF Technical Support Facility 3 750 370 2 390 480 GEEREF Trusteeship 1 633 422 57 998 741 EFSE - Trust Account 27 10 000 066 GGF - Trust Account 120 27 GGF - Technical Assistance - Trust Account 5 000 045 0 Trust accounts with the Commission 334 287 507 473 050 857 GAGF 31 332 230 0 Trust accounts with the EIB 25 174 075 23 994 356 Trust account with the BWMi 517 280 102 145 Trust account with the LFA-GV 113 873 24 487 Trust account with member states/regions JEREMIE initiative 928 876 214 763 174 834

1 320 301 179 1 260 346 679

Additional information on PE investments and G&S managed by EIF are given in notes 3.2.2 and 3.3.2.