[Code of Federal Regulations]
[Title 17, Volume 2]
[Revised as of April 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR210.6-04]

[Page 272-273]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER II--SECURITIES AND EXCHANGE COMMISSION
 
PART 210--FORM AND CONTENT OF AND REQUIREMENTS FOR FINANCIAL STATEMENTS,
 
Sec. 210.6-04  Balance sheets.

    This rule is applicable to balance sheets filed by registered 
investment companies except for persons who substitute a statement of 
net assets in accordance with the requirements specified in Sec. 210.6-
05, and issuers of face-amount certificates which are subject to the 
special provisions of Sec. 210.6-06 of this part. Balance sheets filed 
under this rule shall comply with the following provisions:

                                 Assets

    1. Investments in securities of unaffiliated issuers.
    2. Investments in and advances to affiliates. State separately 
investments in and advances to: (a) Controlled companies and (b) other 
affiliates.
    3. Investments--other than securities. State separately each major 
category.
    4. Total investments.
    5. Cash. Include under this caption cash on hand and demand 
deposits. Provide in a note to the financial statements the information 
required under Sec. 210.5-02.1 regarding restrictions and compensating 
balances.
    6. Receivables. (a) State separately amounts receivable from (1) 
sales of investments; (2) subscriptions to capital shares; (3) dividends 
and interest; (4) directors and officers; and (5) others.
    (b) If the aggregate amount of notes receivable exceeds 10 percent 
of the aggregate amount of receivables, the above information shall be 
set forth separately, in the balance sheet or in a note thereto, for 
accounts receivable and notes receivable.
    7. Deposits for securities sold short and open option contracts. 
State separately amounts held by others in connection with: (a) Short 
sales and (b) open option contracts.
    8. Other assets. State separately (a) prepaid and deferred expenses; 
(b) pension and other special funds; (c) organization expenses; and (d) 
any other significant item not properly classified in another asset 
caption.
    9. Total assets.

                               Liabilities

    10. Accounts payable and accrued liabilities. State separately 
amounts payable for: (a) Securities sold short; (b) open option 
contracts written; (c) other purchases of securities; (d) capital shares 
reedeemed; (e) dividends or other distributions on capital shares; and 
(f) others. State separately the amount of any other liabilities which 
are material. Securities sold short and open option contracts written 
shall be stated at value.
    11. Deposits for securities loaned. State the value of securities 
loaned and indicate the nature of the collateral received as security 
for the loan, including the amount of any cash received.
    12. Other liabilities. State separately (a) amounts payable for 
investment advisory, management and service fees; and (b) the total 
amount payable to: (1) Officers and directors; (2) controlled companies; 
and (3) other affiliates, excluding any amounts owing to noncontrolled 
affiliates which arose in the ordinary course of business and which are 
subject to usual trade terms.
    13. Notes payable, bonds and similar debt. (a) State separately 
amounts payable to: (1) Banks or other financial institutions for 
borrowings; (2) controlled companies; (3) other affiliates; and (4) 
others, showing for each category amounts payable within one year and 
amounts payable after one year.
    (b) Provide in a note the information required under Sec. 210.5-
02.19(b) regarding unused lines of credit for short-term financing and 
Sec. 210.5-02.22(b) regarding unused commitments for long-term financing 
arrangements.
    14. Total liabilities.
    15. Commitments and contingent liabilities.

                               Net Assets

    16. Units of capital. (a) Disclose the title of each class of 
capital shares or other capital units, the number authorized, the number 
outstanding, and the dollar amount thereof.
    (b) Unit investment trusts, including those which are issuers of 
periodic payment plan certificates, also shall state in a note to the 
financial statements: (1) The total cost to the investors of each class 
of units or shares; (2) the adjustment for market depreciation or 
appreciation; (3) other deductions from the total cost to the investors 
for fees, loads and other charges, including an explanation of such 
deductions; and (4) the net amount applicable to the investors.
    17. Accumulated undistributed income (loss). Disclose:
    (a) The accumulated undistributed investment income-net,
    (b) accumulated undistributed net realized gains (losses) on 
investment transactions, and (c) net unrealized appreciation 
(depeciation) in value of investments at the balance sheet date.
    18. Other elements of capital. Disclose any other elements of 
capital or residual interests appropriate to the capital structure of 
the reporting entity.

[[Page 273]]

    19. Net assets applicable to outstanding units of capital. State the 
net asset value per share.