Ann: NTA: AFI: Monthly NTA Backing Per Share and Top 25 Investments

• Release Date: 07/08/15 10:53
• Summary: NTA: AFI: Monthly NTA Backing Per Share and Top 25 Investments
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					AFI
07/08/2015 10:53
NTA
NOT PRICE SENSITIVE
REL: 1053 HRS Australian Foundation Investment Company Limited

NTA: AFI: Monthly NTA Backing Per Share and Top 25 Investments

7 August 2015

The Manager
ASX Market Announcements
Australian Securities Exchange
Exchange Centre
Level 4
20 Bridge Street
Sydney NSW 2000

Electronic Lodgement

Australian Foundation Investment Company Limited
Monthly Net Tangible Asset Backing Per Share and Top 25 Investments

Dear Sir / Madam

(Please see attachment)

The Net Tangible Asset Backing per Share for both 30 June and 31 July 2015
are before the provision for the final dividend of 14 cents per share. The
before and after tax numbers relate to the provision for deferred tax on the
unrealised gains in the Company's investment portfolio. The Company is a long
term investor and does not intend disposing of its total long term investment
portfolio. Under current Accounting Standards, the Company is required to
provide for tax on any gains that may arise on such a theoretical disposal,
after the utilisation of brought forward losses.

These figures do not include the effects of any dilution that would arise
from the conversion of the outstanding Convertible Notes.

Attached is a list of the Company's Top 25 Investments as at 31 July 2015.

Yours faithfully
Simon Pordage
Company Secretary
End CA:00268075 For:AFI    Type:NTA        Time:2015-08-07 10:53:35